The next steps in your journey as a Kingfisher mirror shareholder

Congratulations! On 21 July your Kingfisher mirror shares will unlock from their 12-month ‘Hold’ period.

Here’s a summary of what you need to know about what happens next.

A quick recap: your 1+1 Plan journey so far

Before we delve into what happens on 21 July, here’s a quick summary of your 1+1 Plan journey so far.

You began your journey when you joined the plan in late 2020. You made contributions for six months, from January to June 2021.

In July 2021 we used your contributions to allocate you your Mirror Purchased Shares. This is when you became a Kingfisher mirror shareholder. We then matched this number with free Mirror Matching Shares.

For the past 12 months, your Mirror Matching Shares have been locked in what’s known as a ‘Hold’ period. During this period, any mirror dividends paid have been used to purchase further mirror shares for you.

So what happens next?

On 21 July the 12-month ‘Hold’ period on your Kingfisher mirror shares will end, meaning they’ll unlock. As soon as practicable afterwards you will receive a mirror plan statement followed by a payment through the next available payroll representing the value of the Mirror Purchased Shares allocated from your contributions, the Mirror Matching Shares, and any associated mirror dividends, based on the share price at the time.

You can find more information on our dedicated 2020 1+1 Plan page.

What else is there to know?

As with any investment, there is always a risk attached to mirror share ownership. This is because the share price can go down as well as up, meaning the value of your mirror shares can rise or fall at any time.

If you’d like to understand more about the different things that can affect share prices, take a look at this article in our 1+1 News section. You can also check out the Kingfisher share price in the Investor section at kingfisher.com.

…and what about tax?

Tax will be due on your Mirror Matching Shares and Mirror Matching Dividend Shares at the point of cash-out and so the tax will be deducted and paid over through payroll.

There are tax consequences of participating in the 1+1 Plan which vary according to your location and personal circumstances. You can view the Tax Guide for Vietnam here. It is important that you read it because you may need to take action.

If you feel that you need legal or tax advice you should seek your own personal advice from an appropriately qualified person.

What do I need to do next?

If you want to brush up on what it means to be a Kingfisher mirror shareholder, check out our news and updates. We’ve posted articles on many aspects of being a mirror shareholder, including mirror shares and share prices.

Thank you for joining us on this journey to becoming a Kingfisher mirror shareholder, and taking the opportunity to share in our collective future. If you want to do it all over again, we’re launching our 2022 1+1 Plan later this year – keep an eye out for further communications!