Questions and Answers

Exercising Executive Options

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No, if you are using the on-line cashless exercise facility your instruction can only be processed through the single broker service provided by Equiniti.  This service provides you with the opportunity to sell all or some of your exercised shares at the point of exercise.  Once your options have been exercised any retained shares can be traded through a broker of your choice.

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The on-line process incorporates all account opening requirements to allow you to use the cashless exercise service.

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Yes - Equiniti will hold any online exercise instructions with a limit price for 30 days, or 48 hours if you are subject to permission to deal requirements.

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All ordinary share sales are transacted in pounds sterling and all ADS sales are transacted in US dollars. Conversion to the currency you select on the instruction confirmation page of the online exercise service is performed using the daily midmarket exchange rate.

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The broker (Equiniti) will send you a contract note to confirm any sale transactions to your home address.  You will also receive a transaction confirmation from us to the email address we hold on our records.  If you are retaining shares, you will receive your statement of ownership from either Diageo Registrars (Ordinary holders) or your Nominee or Citibank as transfer agent (ADS holders).

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Your transaction will be subject to brokerage and dealing charges.  The current commission rate is 0.25% and is subject to a minimum threshold.

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Your transaction will be subject to brokerage and dealing charges.  The current commission rate is 0.25% and is subject to a minimum threshold.

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The online exercise facility only gives the option to sell shares in your spouse's name for UK Qualifying (Approved) options.

There is no Income Tax or Social Charge payable on the exercise of Qualifying options, but the gain on the sale of the shares may be subject to Capital Gains Tax.

Since Income Tax and Social Charge is payable on the exercise of an Unqualified option, and the exercise must be in the employee's name, the spousal sale option is not available.

If you need any further information or advice, please contact a financial advisor.

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You can exercise and sell your Ordinary executive options online via the secure logon area of the website or you can Self finance your option exercise.

A guide to how to instruct your exercise online is proved on  Executive Online Exercise Guides page.

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You can exercise and sell your ADS executive options online via the secure logon area of the website or you can Self finance your option exercise.

A guide to how to instruct your exercise online is proved on the  Executive Online Exercise Guides page.

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For more information on how to self finance please click here.