The Plan has been implemented in line with guidelines issued by HMRC for this type of all-employee plan (which means you get tax advantages on the shares you receive). If you are unsure as to the best course of action to take please seek independent financial advice. This document and the information contained within it does not constitute financial advice. Before acting on the information contained in the documentation, or making a decision to participate in the Plan, you should seek professional advice as to whether participation in the Plan is appropriate in light of your own circumstances. The documentation does not take into account the objectives, financial situation or needs of any particular person. WARNING: No financial product advice is provided in the documentation relating to the Plan and nothing in the documentation should be taken to constitute a recommendation or statement of opinion that is intended to influence a person or persons in making a decision to participate in the Plan. Certain information is provided in this document in order for this offer and any subsequent admission of shares to trading to fall under Article 4.1 (e) and Article 4.2(f) of the Prospectus Directive (2003/71/EC) which exempts National Grid plc from producing a prospectus under that Directive. The shares to be used under this offer may be existing shares or new issue shares. The maximum number of National Grid plc shares being offered in total under the 2022/23 invitation of the Plan, will not exceed 10% of the issued share capital of National Grid plc. You should remember that the value of shares can go down as well as up and past performance of National Grid plc shares is not an indication of actual future performance. Specific provisions are included in the Plan rules under which you waive any claims to any compensation or other benefit in respect of the Plan when you leave employment. Participation in, and the operation of, the Plan will not form part of, or affect, your contract of employment or your employment relationship nor will they give you the right to continued employment. National Grid plc may amend the Plan at any time in accordance with the rules. Participation in the 2022/23 invitation under the Plan is subject to the detailed Plan rules which are available on the ESP portal. Any other restrictions on the transfer of shares are contained in the Company’s Articles of Association (available from the Company Secretariat). Shares acquired under the Plan may be freely traded on the London Stock Exchange, subject to the National Grid plc’s share dealing policy (available from the Company Secretariat) and relevant legislation. Any reference to taxation consequences are for guidance only. This document is an explanatory guide only and in the event of any conflict, the rules of the National Grid plc's Sharesave Plan (the “Plan”) and any relevant legislation in force at that time will apply.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |