If you participate in Sharesave, your continued participation in the Plan will depend on the terms of your International Assignment.
If you move to a country outside the UK and continue to be employed by a wholly owned subsidiary of Diageo or a Diageo controlled Joint Venture then you will have three choices:-
Continue to save into your Sharesave.
For more information about this option, please contact the relevant savings provider:
Plans from 2014:
YBS Helpline: +44(0) 3451 200 300
Plans 2010 to 2013:
Computershare Helpline: +44 (0) 344 472 6043
Suspend your contributions for up to 6 months
Download and complete the Suspend your Sharesave form and send it to the UK payroll department. If you suspend your contributions, your maturity date will be delayed. If you participate in more than one contract, you will need to complete a form for each contract.
Remember, if you suspend more than 6 payments, your sharesave will be cancelled and your options will lapse. Any payments that you miss will have to be made up at the end of your savings period, month for month, so your maturity date will be later.
Cancel your Sharesave
Complete a Cancel your Sharesave form and send it to the UK payroll department. To obtain a refund, you must also cancel your Sharesave with the Sharesave Plan Managers as detailed on the form.
If you move to a country outside the UK and become employed by a Joint Venture company not controlled by Diageo.
You can no longer participate in the plan. You will need to complete a Cancel your Sharesave form and send it to the UK payroll department. To obtain a refund, you must also cancel your Sharesave with the Sharesave Plan Managers as detailed on the form.
Diageo does not currently offer an International Sharesave Plan.
Please note that once your International Assignment has concluded there may be ongoing tax implications in respect of your share plan holding. Please contact your Global Mobility Advisor for further information.
In the event of any conflict between this information, the rules of the relevant share plan(s) and Diageo’s Global Mobility Policies, the rules of the plan, Diageo’s Global Mobility Policies and applicable legislation will prevail.
If you have any questions regarding the company structure, please contact us for further information.