Profit Share and Share Participation are Revenue approved employee share plans, which allow you to benefit in the future success of Diageo plc by giving you ownership of Diageo shares.
There are two plans in operation, The Diageo plc 2017 Irish Share Ownership Plan (also known as Irish Profitshare) and the UDV Ireland Group Share Participation Scheme (also known as Baileys Share Participation). These plans allow you, as an employee, to be rewarded for your contribution to Diageo's success.
This plan gives employees a choice of taking either shares or cash. If you choose to take shares you are awarded ordinary shares in Diageo plc, allocated at no cost to you. Shares allocated under the Scheme are held in Trust on your behalf for three years.
Baileys Share Participation
This scheme is no longer open to new applications. Shares previously allocated under the Scheme continue to be held in Trust on your behalf for three years.
Further information about the plans can be found in the questions and answers below.