Maturity
FAQs
Maturity
You’ve got six months from your maturity date to decide what to do. The expiry date is the last day you can choose to buy shares at the option price. After this you’ll still be able to have your savings returned to you as cash. This won’t happen automatically – you’ll need to log in to your EquatePlus account.
Your ShareSave option is your opportunity to buy a set number of NatWest shares when the plan ends. The price you’ll pay is the option price.
If the NatWest share price is higher than the option price, you can choose to buy the shares (known as ‘exercising your option’), and you’ll usually make a profit.
If the share price is lower than the option price you can choose not to exercise your option and instead take your savings back as cash.
You need to make all the monthly payments before your ShareSave is finished. This means 36 payments for a 3-year plan and 60 for a 5-year plan.
So if you’ve taken a payment holiday, this will delay your maturity date. But as long as you keep making the monthly payments, you’ll still be able to buy shares at the option price at the end of your savings period.
Buying shares:
You don’t usually need permission or pre-approval to buy shares at the end of ShareSave, provided you don’t sell them straight away. If you’re an insider, you can’t do this in the 30 days before we announce annual or half-year results to the market.
Selling shares:
Any share sales are subject to the Personal Account Dealing requirements.
If you’re an insider or work in a defined business area, you’ll need to get prior authorisation if you want to sell shares during an Open Window, and you’ll need to use the STAR compliance system.
Find out more about the Personal Account Dealing Requirements, Open Windows and the STAR compliance system on the Control Room hub on the intranet.
If you decide to buy shares and you don’t sell them all, your shares will be held in an EquatePlus online account called the Share Plan Account.
It depends on what choice you’ve made.
- If you choose to buy shares and keep them, they’ll usually be in your EquatePlus account within two working days.
- If you choose to buy shares and sell all of them straight away, your money will be sent to you two days after you sell. Remember it can take up to 5 days for the money to reach your bank account (longer for international transactions) and during the festive season this can take longer than usual.
- If you choose to take your savings back as cash, the money will usually be in your bank account in 2-5 working days.
If you’re based in Jersey, Guernsey, Gibraltar or Isle of Man, go to the ShareSave documents section of the Knowledge Centre where you’ll find a link to the separate Offshore Tax Note.
If you decide to buy shares and you don’t want to sell them straight away, your shares will be held in an online account with EquatePlus called the Share Plan Account (SPA). The shares are held electronically instead of you holding a share certificate.
You can see your shares, buy, or sell by logging in. It’s free to hold shares in the account. When you buy or sell, you’ll pay a dealing charge of 0.235% (minimum of £17).
As a shareholder you’ll receive any dividends directly into your EquatePlus account, and can vote at our Annual General Meeting. You can also choose to have your dividends automatically reinvested in more shares if you wish.
Full details of how to use the account can be found on EquatePlus.
Important information
We wrote this content as a guide to your choices at the end of your ShareSave plan. It’s not a comprehensive guide to all of the plan rules.
Your participation, or right to participate, in the plan is governed by these rules and doesn’t affect, or form part of, your contract of employment. The rules include specific provisions limiting your rights under the plan.
You have no right to compensation or damages for any loss of rights, benefits, or prospective benefits under the plan if your employment is terminated. There is no guarantee that we’ll offer a ShareSave plan every year, or that if we do offer one, you’ll be able to take part.
We may amend, suspend, or terminate all or part of a plan at any time, but only in accordance with the plan’s rules.
Where we’ve talked about tax, we’ve based this on the rates and rules at the time. These are for guidance only and can change in the future. Any tax you need to pay will depend on your own individual circumstances.
In the case of any conflict between this content and the rules of the plan, the rules apply.
Further information on NatWest Group and details of the rights attached to the shares can be found in the Investor relations section of our website. Certain information is provided in this document in order for this offer and any subsequent admission of shares to trading to fall within Article 1(4)(i) and 1(5)(h) of the UK Prospectus Regulation which exempt NatWest Group from producing a prospectus under that directive.
If you pay tax in the US, you should bear in mind that you might need to pay tax under the ‘deferred compensation' rules. US taxpayers are strongly advised to seek their own tax advice from an independent US tax adviser before they decide to participate in ShareSave.
We wrote the content on this site to help you make your choice, but it’s not advice, or a recommendation to buy, sell or hold NatWest shares.
The value of shares can fall as well as rise, so you could get back less than you invest. Dividends aren’t guaranteed.
If you’re not sure what to do, or have any doubts about your tax position, we suggest you speak to a financial adviser.
Any questions?
If you still have questions, please use the HelpChat on EquatePlus.
Or you can call Computershare on +44 (0)370 702 0109.