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.
Irish Profitshare
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 gives employees an option of taking either shares or cash. If you choose shares, Share Participation shares are 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.
Further information about the plans can be found in the questions and answers below.