This year's UK Freeshares award is 8.56% of salary (up to a maximum of £3,000 per employee).
Am I eligible to receive Freeshares in 2019?
To qualify as an eligible employee, you need to be employed by a UK participating company, have joined Diageo on or before 1 June 2019 and have completed 30 days continuous service as at 30 June 2019. You must have submitted a Join Freeshares form by 31 July 2019. You need to remain a current employee from 30 June 2019 up to and including the award date, 2 September 2019.
Main Features of Freeshares
Freeshares are usually awarded to eligible Diageo employees in September each year. The value is based on a percentage of your salary on 30 June 2019.
Freeshares are awarded to you at no cost.
The percentage will vary from year to year and is dependent on the performance and profits of the company and is announced in the company’s annual result on 25 July 2019.
Benefits of Freeshares
Freeshares allow you to share in the growth and success of our company.
Dividends are payable on your Freeshares.
No tax is payable on your Freeshares provided that you keep them in Trust for the holding period, currently five years. In certain circumstances this holding period may not apply.
More information about the FY19 Freeshares award can be found in the Understanding Freeshares Factsheet.
In the event of any conflict between this document and the rules of the Share Incentive Plan and applicable legislation, the rules and legislation will prevail.