Important Information
Open now to Make your choice!
Save As You Earn
If undeliv
er
ed
, please r
etur
n t
o:
PO BO
X No
. 1155, L
ancing
, Unit
ed Kingdom. BN99 6RB
5
Please take action before your last exercise date, see page 4
6
Please take action before your last exercise date, see page 4
Please recycle this pack securely
once you are finished with it.
Telephone
Submit your instruction by telephone 0871 3842976 **
(or +44 121 415 7119 if calling from outside the of the United Kingdom) and follow the instructions you hear. The call should take you no more than three minutes and can be made at any time of the day. At the end of the call you’ll need to take a note of your reference number. **Calls to Equiniti 0871 numbers are charged at 8p per minute.
It
,
s so easy to make an instruction
for your Save As You Earn!
Choose from three simple ways – all you need is your payroll number (shown on your payslip) and your date of birth.4347 V6a
UK 5 Year Maturity
9/1/14
Online
Visit www.shareview.co.uk/Tesco and follow the on-screen instructions. In order to submit an instruction online you need to register for the new Equiniti ESP Portal. See below for further details on how to register. Once you have submitted your instruction you will see a confirmation page. Please review and print or save this page. You will also receive an email notification of your instruction.
Instructions to buy Tesco shares and transfer them into an Equiniti Shareview Dealing ISA must be given online.
Terms and Conditions for this Service
The Terms and Conditions for this Service and the Equiniti Sale Service can be found at www.shareview.co.uk/tesco. For your own benefit you should read these terms carefully before giving an instruction. If you do not understand any point or require them in an alternative format such as paper, braille or audio please call 0871 384 2976 (or +44 121 415 7119 if calling from outside the United Kingdom).Managing your shares online
Apply for Save As You Earn, Buy As You Earn and give an instruction for maturing Save As You Earn schemes View your Save As You Earn
and Share Incentive Plan share holdings (covering Buy As YouEarn, Shares In Success and Re-Invested Dividend Shares)24 hours a day, 7 days a week
See details of any Tesco Ordinary shares you might hold
Use online calculators to model potential gains and tax benefits
Cancel Save As You Earn schemes and receive a repayment of your savings into your salary bank account Sell Share Incentive Plan
shares using a real time share price feed so any shares sold will be at the price agreed by you
You can manage all your colleague share plans online including Shares In Success and Buy As You Earn. When you’ve registered for the ESP Portal we’ll send you all future communications about your share schemes by email, where possible
Text
Send the following text message to 84247* (or +44 7624808299 if sending the text from outside the United Kingdom): – Tescomat
– [space] Payroll Number (8 digit number including leading zeros if applicable) – [space] Date of Birth (to be entered
DDMMYYYY) – [space] 2008 [space] 5
– [space] Keep or Purchase or Repay or Sell**
– [space] Y or N (to donate residue to charity. This is only applicable to Sell or Keep choices).
** Keep = Choice A at Option price,
Purchase = Choice A at current share price, Repay = Choice B and Sell = Choice D
Examples: if you want to exercise your scheme and sell immediately and donate your residue:
Tescomat 12345678 01012011 2008 5 Sell Y or
If you want to purchase Tesco shares at the current market price:
Tescomat 12345678 01012011 2008 5 Purchase
You’ll then receive a text message back, confirming your instruction has been received along with a reference number. You’ll need to keep this message until you have received either your share certificate or cash proceeds into your bank account. * Texts will be charged at your standard network rate.
The ESP Portal will allow you to:
The online, telephone and text services
open at 9am on 15 January2014
How much does it cost to buy and sell my shares immediately?
Commission is charged on the sale of these shares. The commission is 0.5% of the value of the sale with a minimum fee of £10.00, and will be deducted from the proceeds of your sale. The sales facility is subject to achieving a minimum sale price of £3.21.
How will I receive my sale proceeds?
Equiniti will arrange to send your sale proceeds by BACS to the same bank account into which you receive your Tesco pay.
Why will my shares not be sold if the share price falls below £3.21?
This limit has been put in place to protect our colleagues if the share price falls as this is the price that some will need to achieve to recover their money after selling fees. If the Tesco share price is below £3.21 your sale request will not be processed and your savings and bonus will be repaid to you.
Can I still purchase Tesco shares if the share price is below the option price of £3.11?
Yes, we have introduced a share purchase facility. Under this choice colleagues can choose to use all of their savings and bonus to purchase shares at the market share price on the relevant allotment day. If the Tesco share price on that day has recovered and is above the option price of £3.11, the share purchase facility will not be actioned and colleagues will instead have their savings and bonus used to buy shares at the option price of £3.11. The final date for giving an instruction to use the share purchase facility is 6pm on 7 March 2014.
What are the costs for the share purchase facility?
Tesco has negotiated preferential dealing rates with Equiniti as follows:
• Dealing charge of 1%, minimum £15.
• Additional Stamp Duty Reserve Tax charge of 0.5%. The charges, including stamp duty, will automatically be deducted by Equiniti when the shares are bought. Any money left over from the share purchase that is not sufficient to purchase one share, including costs, will be retained by Equiniti to cover the additional administration costs for providing this service.
How do I sell my shares in the future if I have chosen to buy Tesco shares to keep?
You will be sent a share certificate which you should keep in a safe place as you will need it when you sell your shares.
You may sell your shares (for a fee) whenever you like by using a share dealing service available through most banks or building societies. You can also sell shares via the internet or by contacting a stockbroker directly. Tesco have negotiated a special low cost sales facility with Equiniti Financial Services Limited and details of this facility will be sent with your share certificate.
Can I re-invest in an ISA?
You can transfer your shares to an Equiniti Shareview Dealing ISA (Individual Savings Account) at the same time you give an instruction to buy shares at the option price of £3.11. There is no charge for transferring shares into the ISA, however there will be ongoing administration charges and commission on trades. Any gain made if you sell your shares from an ISA is not taxable. For more information about the Rates and Charges, please contact the Shareview Dealing ISA team on 0845 300 0430 or go to
www.shareview.co.uk/isa.
What happens if I have missed any payments?
For every payment missed, the scheme end date of your scheme will be delayed and you will continue to have deductions taken from your pay until you have completed your savings scheme. Your Statement on page 4 will show your scheme end date. If your end date is after 1 August 2014, you will not be able to select sell immediately service and the ISA transfer facility as you will not have completed your savings scheme before the exercise and sell immediately service and the ISA transfer facility finishes.
What tax will I pay?
• You will not pay Income Tax or National Insurance on your bonus or if you choose to buy Tesco shares (keep, sell or ISA).
• Your savings are taken from your pay after Income Tax and National Insurance have been deducted, so you are not taxed on the money you save.
• You may have to pay Capital Gains Tax when you sell your shares if your total gains for the tax year exceeds the capital gains exemption (£10,900 for 2013/14 tax year). If you want to know more about this, you should contact an independent financial adviser.
What happens if I do nothing?
Your option to buy shares at £3.11 will lapse six months after your scheme end date. Your savings and five year bonus will be held for another two years to qualify for a second cash bonus of 5.7 months contribution. At the end of the two year period you will then be sent a payment for the amount of your savings and bonus and you will not be able to exercise your option. Your total savings will be paid by BACS to the same bank account into which you receive your Tesco pay.
Remember that, the Equiniti share purchase facility is only available until 6pm on 7 March. The exercise and sale service and the Equiniti ISA facility are only available until 6pm on 1 August 2014. If the share price recovers you will still have the option to buy shares at the option price of £3.86 up until your last exercise date shown on your Statement on page 4.
What if I choose to exercise my option to buy shares and the share price falls below the option price?
If the Tesco PLC share price is below the option price, your option will not be exercised and your savings and bonus will be repaid to you by BACS to the same bank account into which you receive your Tesco pay.
What happens if I have my savings and bonus repaid and then the share price rises above the option price?
If the share price rises above the option price before your last exercise date, you will still have the opportunity to return some or all of your savings to buy shares at the option price. Your last exercise date is shown on your Statement on page 4.
How do I return my savings to buy shares at the option price?
You will need to write to Equiniti confirming you would like to exercise your option and include a cheque made payable to Lloyds Bank plc re Tesco SAYE. Please send your letter and cheque to Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom.
How do I find out more?
If you need more information about your Save As You Earn scheme please call the Equiniti helpline on 0871 384 2976 (or +44 121 415 7119 if calling outside of the United Kingdom), Monday to Friday between 8.30am and 5.30pm. Calls to Equiniti 0871 numbers are charged at 8p per minute plus network extras.
Questions & Answers
Choice A
Buy Tesco shares to keep - Option price or - Current share price
Choice B
Take your sa vings and bonus in c ashYour
Choices
Choice C
Buy Tesco shares at the option price and hold them in an ISA
shares
Choice D
Buy Tesco shares at the option price t o sell immediately
Choice E
Leave your sa vings for two years and r
eceive a second bonus
Cash
2
Your choices explained on page 3
3
Go to www.ourtesco.com for the Option Price
4
Please take action before your last exercise date, shown above
What are
my choices?
3
Please take action before your last exercise date, see page 4
2008 5 Year Statement
This statement sets out details of your 2008 Save As You Earn scheme. The choices available to you now that you have reached the end of your scheme are explained on page three of this booklet.
If you have missed any payments, your scheme end date will be delayed by the number of months you have missed and the last exercise date shown below will reflect this.
Details of your SAYE account, together with the amount repayable, are shown below:
ESP Portal activation code
Scheme End Date Scheme Start Date
Number Of Share Options
Monthly savings (£) Total saved (£) Bonus (£)*** Total payable (€)
Share options held Option price (pence)
If option is exercised, Current value of shares
at £3.305*
Last exercise date** Details of how many shares you can buy if you exercise your option are shown below:
Please note that Lloyds Bank plc does not act as agent, arranger or advisor in relation to exercising your option to buy shares. For more information, please contact Equiniti on 0871 384 2976.
Textel/Minicom Service number 0871 384 2255. Calls to Equiniti 0871 numbers are charged at 8p per minute. Lines are open 8.30am to 5.30pm Monday to Friday, excluding bank holidays. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Lloyds Bank plc Registered Office: 25 Gresham Street, London, EC2V 7HN, United Kingdom. Registered in England and Wales no. 2065. Deposits with the bank fall under the Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if Lloyds Bank plc cannot meet their obligations. For more information call their Helpline on 0207 741 4100 or 0800 678 1100, log onto their website at www.fscs.org.uk or write to the Financial Services Compensation Scheme, 10th Floor, Beaufort House, 15 St Botolph Street, London, EC3A 7QU United Kingdom. To ensure security for customers and staff and help us maintain a quality service, telephone calls may be recorded or monitored. Equiniti Limited and Equiniti Financial Services Limited are part of the Equiniti Group of companies and whose registered offices are Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom. Company share registration, employee scheme and pension administration services are provided through Equiniti Limited, which is registered in England and Wales with No. 6226088. Investment and general insurance services are provided through Equiniti Financial Services Limited, which is registered in England & Wales with No. 6208699 and is authorised and regulated by the UK Financial Conduct Authority No. 468631.
* The share price used was the mid-market price on 3 January 2014.
** Please note if you have recently left Tesco employment you only have six months from your original date of leaving to exercise your option.
*** The applicable bonus is set by HM Revenue & Customs prior to the date of grant. Your bonus is calculated using the rate set in 2010.
Want to know when you will receive your shares or cash?
This all depends on the date that you let us know which option you would like to choose – the sooner you let us know, the sooner you should receive your shares or cash.
Here are some of the key cut-off dates for your diary. 11.59pm Wednesday 22 January 2014 First cut-off date
Monday 3 February 2014 Scheme End Date – Shares allotted, sold or purchased
Monday 3 February 2014 Funds for any Repayment requests sent by BACS
Wednesday 5 February 2014 Sales proceeds sent by BACS
Monday 10 February 2014 Shares will appear in the Equiniti Shareview Dealing ISA
Monday 10 February 2014 Share certificate posted (Exercise and Keep) By Monday 24 February 2014 Share certificate posted (Share Purchase) The next cut-off date is 6pm Friday 31 January 2014 with instructions processed on Friday 7 February 2014.
Subsequent timetable – exercise requests will be processed on a twice weekly basis up to and including shares allotted on the 13 March 2014
Instructions received by 6pm on a Friday
Shares allotted/purchased/sold on the Thursday of the following week Instructions received
by 6pm on a Wednesday Shares allotted/purchased/sold on the Tuesday of the following week Thereafter, exercise requests will be processed on a weekly basis with requests processed each Thursday for any instructions made by 6pm on the Friday of the previous week.
Once exercise requests have been processed on the due allotment date, any sale requests will normally be processed the same day with sale proceeds issued within two working days. Shares transferred into the Equiniti Shareview Dealing ISA will appear in the ISA within five working days. Share certificates from exercise will be posted within five working days and share certificates from the Share Purchase facility will be posted within three weeks.
SHARES
Choice A
–
Buy Tesco shares to keep
You can buy shares at the option price of £3.11 per share. or
You can use all of your savings and bonus to purchase Tesco shares at the current share price. This choice is only available until 6pm on 7 March 2014.
You will be sent a share certificate to your home address if you choose to buy Tesco shares to keep.
What happens if I choose to buy shares at the option price and the Tesco share price is below £3.11?
If at the time of processing your exercise request the Tesco share price is below the option price of £3.11, your request will not be processed and your savings will be repaid to you, together with your bonus.
Can I set a price limit if I choose to buy shares at the market price?
You cannot set the price at which the shares are purchased. However, if the Tesco share price on the day your instruction is processed is above the option price of £3.11, your request will not be processed and your savings and bonus will be used to buy shares at the option price of £3.11.
Choice C
– Buy Tesco shares at the option price
and hold them in an ISA
You can buy shares at the option price of £3.11 per share and transfer them into an Equiniti Shareview Dealing ISA subject to the ISA allowance.
What is the ISA allowance?
For the tax year 2013/2014 the limit is £11,520 (minus any contributions made to a cash ISA). For 2014/15 the limit is £11,880. For more information on the Equiniti Shareview Dealing ISA please refer to page 5 within this booklet.
You can only give this instruction online.
CASH
Choice B
– Take your savings and bonus in cash
If you choose this option you will not be buying Tesco shares.
How will I receive my savings and bonus repayment?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Choice D
– Buy Tesco shares at the option price
to sell immediately
You can buy shares at the option price of £3.11 and sell them immediately and benefit from any gain in the share price. Your shares may take up to two weeks to sell depending on when we receive your instruction. Remember, share prices can go down as well as up.
How will I receive my cash from my share sale?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Can I set a price limit?
You cannot set a price at which to sell your shares, however your shares will only be sold if a sale price of more than £3.21 can be achieved. This limit has been put in place to protect you if the share price falls. If the shares cannot be sold your option will not be exercised and your savings and bonus will be repaid to you.
Choice E
– Leave your savings for two years to receive a second
cash bonus
You can take no action and leave your savings and five years bonus in the Save As You Earn Scheme for another two years to receive a second cash bonus of 5.7 months contributions. At the end of the two year period your total savings will be paid to you by BACS to the same bank account into which you receive your salary.
At the end of the two years can I still buy Tesco shares at the option price of £3.11?
No, your option to buy shares will lapse six months after your last exercise date.
Any residue money left in your account that cannot be used to buy shares at the option price of £3.11 can be donated to charity. The sale and ISA facilities are provided by Equiniti Financial Services Limited for Tesco colleagues until 6pm on 1 August 2014. The share purchase is available until 6pm 7 March 2014. If you wish to exercise and keep, sell or transfer your shares into an ISA at the earliest opportunity, Equiniti will need to have received your instruction by 6pm on 22 January 2014. For more information contact Equiniti on 0871 384 2976 (or +44 121 415 7119 if calling from outside of the United Kingdom). Calls to 0871 numbers are charged at 8p per minute plus network extras. Lines are open 8.30am to 5.30pm Monday to Friday (excluding bank holidays).
Save As You Earn
1
Please take action before your last exercise date, see page 4
You have reached the end of the five year Save As You Earn scheme that you joined in October 2008
with the option price of £3.11. You now need to tell us what you would like to do with your savings
and bonus, your options are shown briefly on page two and on page three in more detail.
What you need to do next
• Please read this booklet carefully and decide which choice is best for you
• You can give your instruction via one of the three easy methods detailed on page six
• Remember you need to tell us what you would like to do by the deadlines explained on page four
Choice A
Buy Tesco shares to keep - Option price or - Current share price
Choice B
Take your savings and bonus in c
ash
Your
Choices
Choice C
Buy Tesco shares at the option price and hold them in an ISA
shares
Choice D
Buy Tesco shares at the option price t
o sell immediately
Choice E
Leave your sa vings for two years and r
eceive a second bonus
Cash
2
Your choices explained on page 3
3
Go to www.ourtesco.com for the Option Price
4
Please take action before your last exercise date, shown above
What are
my choices?
3
Please take action before your last exercise date, see page 4
2008 5 Year Statement
This statement sets out details of your 2008 Save As You Earn scheme. The choices available to you now that you have reached the end of your scheme are explained on page three of this booklet.
If you have missed any payments, your scheme end date will be delayed by the number of months you have missed and the last exercise date shown below will reflect this.
Details of your SAYE account, together with the amount repayable, are shown below:
ESP Portal activation code
Scheme End Date Scheme Start Date
Number Of Share Options
Monthly savings (£) Total saved (£) Bonus (£)*** Total payable (€)
Share options held Option price (pence)
If option is exercised, Current value of shares
at £3.305*
Last exercise date** Details of how many shares you can buy if you exercise your option are shown below:
Please note that Lloyds Bank plc does not act as agent, arranger or advisor in relation to exercising your option to buy shares. For more information, please contact Equiniti on 0871 384 2976.
Textel/Minicom Service number 0871 384 2255. Calls to Equiniti 0871 numbers are charged at 8p per minute. Lines are open 8.30am to 5.30pm Monday to Friday, excluding bank holidays. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Lloyds Bank plc Registered Office: 25 Gresham Street, London, EC2V 7HN, United Kingdom. Registered in England and Wales no. 2065. Deposits with the bank fall under the Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if Lloyds Bank plc cannot meet their obligations. For more information call their Helpline on 0207 741 4100 or 0800 678 1100, log onto their website at www.fscs.org.uk or write to the Financial Services Compensation Scheme, 10th Floor, Beaufort House, 15 St Botolph Street, London, EC3A 7QU United Kingdom. To ensure security for customers and staff and help us maintain a quality service, telephone calls may be recorded or monitored. Equiniti Limited and Equiniti Financial Services Limited are part of the Equiniti Group of companies and whose registered offices are Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom. Company share registration, employee scheme and pension administration services are provided through Equiniti Limited, which is registered in England and Wales with No. 6226088. Investment and general insurance services are provided through Equiniti Financial Services Limited, which is registered in England & Wales with No. 6208699 and is authorised and regulated by the UK Financial Conduct Authority No. 468631.
* The share price used was the mid-market price on 3 January 2014.
** Please note if you have recently left Tesco employment you only have six months from your original date of leaving to exercise your option.
*** The applicable bonus is set by HM Revenue & Customs prior to the date of grant. Your bonus is calculated using the rate set in 2010.
Want to know when you will receive your shares or cash?
This all depends on the date that you let us know which option you would like to choose – the sooner you let us know, the sooner you should receive your shares or cash.
Here are some of the key cut-off dates for your diary. 11.59pm Wednesday 22 January 2014 First cut-off date
Monday 3 February 2014 Scheme End Date – Shares allotted, sold or purchased
Monday 3 February 2014 Funds for any Repayment requests sent by BACS
Wednesday 5 February 2014 Sales proceeds sent by BACS
Monday 10 February 2014 Shares will appear in the Equiniti Shareview Dealing ISA
Monday 10 February 2014 Share certificate posted (Exercise and Keep) By Monday 24 February 2014 Share certificate posted (Share Purchase) The next cut-off date is 6pm Friday 31 January 2014 with instructions processed on Friday 7 February 2014.
Subsequent timetable – exercise requests will be processed on a twice weekly basis up to and including shares allotted on the 13 March 2014
Instructions received
by 6pm on a Friday Shares allotted/purchased/sold on the Thursday of the following week Instructions received
by 6pm on a Wednesday Shares allotted/purchased/sold on the Tuesday of the following week Thereafter, exercise requests will be processed on a weekly basis with requests processed each Thursday for any instructions made by 6pm on the Friday of the previous week.
Once exercise requests have been processed on the due allotment date, any sale requests will normally be processed the same day with sale proceeds issued within two working days. Shares transferred into the Equiniti Shareview Dealing ISA will appear in the ISA within five working days. Share certificates from exercise will be posted within five working days and share certificates from the Share Purchase facility will be posted within three weeks.
SHARES
Choice A
–
Buy Tesco shares to keep
You can buy shares at the option price of £3.11 per share. or
You can use all of your savings and bonus to purchase Tesco shares at the current share price. This choice is only available until 6pm on 7 March 2014.
You will be sent a share certificate to your home address if you choose to buy Tesco shares to keep.
What happens if I choose to buy shares at the option price and the Tesco share price is below £3.11?
If at the time of processing your exercise request the Tesco share price is below the option price of £3.11, your request will not be processed and your savings will be repaid to you, together with your bonus.
Can I set a price limit if I choose to buy shares at the market price?
You cannot set the price at which the shares are purchased. However, if the Tesco share price on the day your instruction is processed is above the option price of £3.11, your request will not be processed and your savings and bonus will be used to buy shares at the option price of £3.11.
Choice C
– Buy Tesco shares at the option price
and hold them in an ISA
You can buy shares at the option price of £3.11 per share and transfer them into an Equiniti Shareview Dealing ISA subject to the ISA allowance.
What is the ISA allowance?
For the tax year 2013/2014 the limit is £11,520 (minus any contributions made to a cash ISA). For 2014/15 the limit is £11,880. For more information on the Equiniti Shareview Dealing ISA please refer to page 5 within this booklet.
You can only give this instruction online.
CASH
Choice B
– Take your savings and bonus in cash
If you choose this option you will not be buying Tesco shares.
How will I receive my savings and bonus repayment?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Choice D
– Buy Tesco shares at the option price
to sell immediately
You can buy shares at the option price of £3.11 and sell them immediately and benefit from any gain in the share price. Your shares may take up to two weeks to sell depending on when we receive your instruction. Remember, share prices can go down as well as up.
How will I receive my cash from my share sale?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Can I set a price limit?
You cannot set a price at which to sell your shares, however your shares will only be sold if a sale price of more than £3.21 can be achieved. This limit has been put in place to protect you if the share price falls. If the shares cannot be sold your option will not be exercised and your savings and bonus will be repaid to you.
Choice E
– Leave your savings for two years to receive a second
cash bonus
You can take no action and leave your savings and five years bonus in the Save As You Earn Scheme for another two years to receive a second cash bonus of 5.7 months contributions. At the end of the two year period your total savings will be paid to you by BACS to the same bank account into which you receive your salary.
At the end of the two years can I still buy Tesco shares at the option price of £3.11?
No, your option to buy shares will lapse six months after your last exercise date.
Any residue money left in your account that cannot be used to buy shares at the option price of £3.11 can be donated to charity. The sale and ISA facilities are provided by Equiniti Financial Services Limited for Tesco colleagues until 6pm on 1 August 2014. The share purchase is available until 6pm 7 March 2014. If you wish to exercise and keep, sell or transfer your shares into an ISA at the earliest opportunity, Equiniti will need to have received your instruction by 6pm on 22 January 2014. For more information contact Equiniti on 0871 384 2976 (or +44 121 415 7119 if calling from outside of the United Kingdom). Calls to 0871 numbers are charged at 8p per minute plus network extras. Lines are open 8.30am to 5.30pm Monday to Friday (excluding bank holidays).
Save As You Earn
1
Please take action before your last exercise date, see page 4
You have reached the end of the five year Save As You Earn scheme that you joined in October 2008
with the option price of £3.11. You now need to tell us what you would like to do with your savings
and bonus, your options are shown briefly on page two and on page three in more detail.
What you need to do next
• Please read this booklet carefully and decide which choice is best for you
• You can give your instruction via one of the three easy methods detailed on page six
• Remember you need to tell us what you would like to do by the deadlines explained on page four
Choice A
Buy Tesco shares to keep - Option price or - Current share price
Choice B
Take your sa vings and bonus in c ashYour
Choices
Choice C
Buy Tesco shares at the option price and hold them in an ISA
shares
Choice D
Buy Tesco shares at the option price t
o sell immediately
Choice E
Leave your sa vings for two years and r
eceive a second bonus
Cash
2
Your choices explained on page 3
3
Go to www.ourtesco.com for the Option Price
4
Please take action before your last exercise date, shown above
What are
my choices?
3
Please take action before your last exercise date, see page 4
2008 5 Year Statement
This statement sets out details of your 2008 Save As You Earn scheme. The choices available to you now that you have reached the end of your scheme are explained on page three of this booklet.
If you have missed any payments, your scheme end date will be delayed by the number of months you have missed and the last exercise date shown below will reflect this.
Details of your SAYE account, together with the amount repayable, are shown below:
ESP Portal activation code
Scheme End Date Scheme Start Date
Number Of Share Options
Monthly savings (£) Total saved (£) Bonus (£)*** Total payable (€)
Share options held Option price (pence)
If option is exercised, Current value of shares
at £3.305*
Last exercise date** Details of how many shares you can buy if you exercise your option are shown below:
Please note that Lloyds Bank plc does not act as agent, arranger or advisor in relation to exercising your option to buy shares. For more information, please contact Equiniti on 0871 384 2976.
Textel/Minicom Service number 0871 384 2255. Calls to Equiniti 0871 numbers are charged at 8p per minute. Lines are open 8.30am to 5.30pm Monday to Friday, excluding bank holidays. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Lloyds Bank plc Registered Office: 25 Gresham Street, London, EC2V 7HN, United Kingdom. Registered in England and Wales no. 2065. Deposits with the bank fall under the Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if Lloyds Bank plc cannot meet their obligations. For more information call their Helpline on 0207 741 4100 or 0800 678 1100, log onto their website at www.fscs.org.uk or write to the Financial Services Compensation Scheme, 10th Floor, Beaufort House, 15 St Botolph Street, London, EC3A 7QU United Kingdom. To ensure security for customers and staff and help us maintain a quality service, telephone calls may be recorded or monitored. Equiniti Limited and Equiniti Financial Services Limited are part of the Equiniti Group of companies and whose registered offices are Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom. Company share registration, employee scheme and pension administration services are provided through Equiniti Limited, which is registered in England and Wales with No. 6226088. Investment and general insurance services are provided through Equiniti Financial Services Limited, which is registered in England & Wales with No. 6208699 and is authorised and regulated by the UK Financial Conduct Authority No. 468631.
* The share price used was the mid-market price on 3 January 2014.
** Please note if you have recently left Tesco employment you only have six months from your original date of leaving to exercise your option.
*** The applicable bonus is set by HM Revenue & Customs prior to the date of grant. Your bonus is calculated using the rate set in 2010.
Want to know when you will receive your shares or cash?
This all depends on the date that you let us know which option you would like to choose – the sooner you let us know, the sooner you should receive your shares or cash.
Here are some of the key cut-off dates for your diary. 11.59pm Wednesday 22 January 2014 First cut-off date
Monday 3 February 2014 Scheme End Date – Shares allotted, sold or purchased
Monday 3 February 2014 Funds for any Repayment requests sent by BACS
Wednesday 5 February 2014 Sales proceeds sent by BACS
Monday 10 February 2014 Shares will appear in the Equiniti Shareview Dealing ISA
Monday 10 February 2014 Share certificate posted (Exercise and Keep) By Monday 24 February 2014 Share certificate posted (Share Purchase) The next cut-off date is 6pm Friday 31 January 2014 with instructions processed on Friday 7 February 2014.
Subsequent timetable – exercise requests will be processed on a twice weekly basis up to and including shares allotted on the 13 March 2014
Instructions received
by 6pm on a Friday Shares allotted/purchased/sold on the Thursday of the following week Instructions received
by 6pm on a Wednesday
Shares allotted/purchased/sold on the Tuesday of the following week Thereafter, exercise requests will be processed on a weekly basis with requests processed each Thursday for any instructions made by 6pm on the Friday of the previous week.
Once exercise requests have been processed on the due allotment date, any sale requests will normally be processed the same day with sale proceeds issued within two working days. Shares transferred into the Equiniti Shareview Dealing ISA will appear in the ISA within five working days. Share certificates from exercise will be posted within five working days and share certificates from the Share Purchase facility will be posted within three weeks.
SHARES
Choice A
–
Buy Tesco shares to keep
You can buy shares at the option price of £3.11 per share. or
You can use all of your savings and bonus to purchase Tesco shares at the current share price. This choice is only available until 6pm on 7 March 2014.
You will be sent a share certificate to your home address if you choose to buy Tesco shares to keep.
What happens if I choose to buy shares at the option price and the Tesco share price is below £3.11?
If at the time of processing your exercise request the Tesco share price is below the option price of £3.11, your request will not be processed and your savings will be repaid to you, together with your bonus.
Can I set a price limit if I choose to buy shares at the market price?
You cannot set the price at which the shares are purchased. However, if the Tesco share price on the day your instruction is processed is above the option price of £3.11, your request will not be processed and your savings and bonus will be used to buy shares at the option price of £3.11.
Choice C
– Buy Tesco shares at the option price
and hold them in an ISA
You can buy shares at the option price of £3.11 per share and transfer them into an Equiniti Shareview Dealing ISA subject to the ISA allowance.
What is the ISA allowance?
For the tax year 2013/2014 the limit is £11,520 (minus any contributions made to a cash ISA). For 2014/15 the limit is £11,880. For more information on the Equiniti Shareview Dealing ISA please refer to page 5 within this booklet.
You can only give this instruction online.
CASH
Choice B
– Take your savings and bonus in cash
If you choose this option you will not be buying Tesco shares.
How will I receive my savings and bonus repayment?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Choice D
– Buy Tesco shares at the option price
to sell immediately
You can buy shares at the option price of £3.11 and sell them immediately and benefit from any gain in the share price. Your shares may take up to two weeks to sell depending on when we receive your instruction. Remember, share prices can go down as well as up.
How will I receive my cash from my share sale?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Can I set a price limit?
You cannot set a price at which to sell your shares, however your shares will only be sold if a sale price of more than £3.21 can be achieved. This limit has been put in place to protect you if the share price falls. If the shares cannot be sold your option will not be exercised and your savings and bonus will be repaid to you.
Choice E
– Leave your savings for two years to receive a second
cash bonus
You can take no action and leave your savings and five years bonus in the Save As You Earn Scheme for another two years to receive a second cash bonus of 5.7 months contributions. At the end of the two year period your total savings will be paid to you by BACS to the same bank account into which you receive your salary.
At the end of the two years can I still buy Tesco shares at the option price of £3.11?
No, your option to buy shares will lapse six months after your last exercise date.
Any residue money left in your account that cannot be used to buy shares at the option price of £3.11 can be donated to charity. The sale and ISA facilities are provided by Equiniti Financial Services Limited for Tesco colleagues until 6pm on 1 August 2014. The share purchase is available until 6pm 7 March 2014. If you wish to exercise and keep, sell or transfer your shares into an ISA at the earliest opportunity, Equiniti will need to have received your instruction by 6pm on 22 January 2014. For more information contact Equiniti on 0871 384 2976 (or +44 121 415 7119 if calling from outside of the United Kingdom). Calls to 0871 numbers are charged at 8p per minute plus network extras. Lines are open 8.30am to 5.30pm Monday to Friday (excluding bank holidays).
Save As You Earn
1
Please take action before your last exercise date, see page 4
You have reached the end of the five year Save As You Earn scheme that you joined in October 2008
with the option price of £3.11. You now need to tell us what you would like to do with your savings
and bonus, your options are shown briefly on page two and on page three in more detail.
What you need to do next
• Please read this booklet carefully and decide which choice is best for you
• You can give your instruction via one of the three easy methods detailed on page six
• Remember you need to tell us what you would like to do by the deadlines explained on page four
Choice A
Buy Tesco shares to keep - Option price or - Current share price
Choice B
Take your sa vings and bonus in c ashYour
Choices
Choice C
Buy Tesco shares at the option price and hold them in an ISA
shares
Choice D
Buy Tesco shares at the option price t
o sell immediately
Choice E
Leave your sa vings for two years and r
eceive a second bonus
Cash
2
Your choices explained on page 3
3
Go to www.ourtesco.com for the Option Price
4
Please take action before your last exercise date, shown above
What are
my choices?
3
Please take action before your last exercise date, see page 4
2008 5 Year Statement
This statement sets out details of your 2008 Save As You Earn scheme. The choices available to you now that you have reached the end of your scheme are explained on page three of this booklet.
If you have missed any payments, your scheme end date will be delayed by the number of months you have missed and the last exercise date shown below will reflect this.
Details of your SAYE account, together with the amount repayable, are shown below:
ESP Portal activation code
Scheme End Date Scheme Start Date
Number Of Share Options
Monthly savings (£) Total saved (£) Bonus (£)*** Total payable (€)
Share options held Option price (pence)
If option is exercised, Current value of shares
at £3.305*
Last exercise date** Details of how many shares you can buy if you exercise your option are shown below:
Please note that Lloyds Bank plc does not act as agent, arranger or advisor in relation to exercising your option to buy shares. For more information, please contact Equiniti on 0871 384 2976.
Textel/Minicom Service number 0871 384 2255. Calls to Equiniti 0871 numbers are charged at 8p per minute. Lines are open 8.30am to 5.30pm Monday to Friday, excluding bank holidays. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Lloyds Bank plc Registered Office: 25 Gresham Street, London, EC2V 7HN, United Kingdom. Registered in England and Wales no. 2065. Deposits with the bank fall under the Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if Lloyds Bank plc cannot meet their obligations. For more information call their Helpline on 0207 741 4100 or 0800 678 1100, log onto their website at www.fscs.org.uk or write to the Financial Services Compensation Scheme, 10th Floor, Beaufort House, 15 St Botolph Street, London, EC3A 7QU United Kingdom. To ensure security for customers and staff and help us maintain a quality service, telephone calls may be recorded or monitored. Equiniti Limited and Equiniti Financial Services Limited are part of the Equiniti Group of companies and whose registered offices are Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom. Company share registration, employee scheme and pension administration services are provided through Equiniti Limited, which is registered in England and Wales with No. 6226088. Investment and general insurance services are provided through Equiniti Financial Services Limited, which is registered in England & Wales with No. 6208699 and is authorised and regulated by the UK Financial Conduct Authority No. 468631.
* The share price used was the mid-market price on 3 January 2014.
** Please note if you have recently left Tesco employment you only have six months from your original date of leaving to exercise your option.
*** The applicable bonus is set by HM Revenue & Customs prior to the date of grant. Your bonus is calculated using the rate set in 2010.
Want to know when you will receive your shares or cash?
This all depends on the date that you let us know which option you would like to choose – the sooner you let us know, the sooner you should receive your shares or cash.
Here are some of the key cut-off dates for your diary. 11.59pm Wednesday 22 January 2014 First cut-off date
Monday 3 February 2014 Scheme End Date – Shares allotted, sold or purchased
Monday 3 February 2014 Funds for any Repayment requests sent by BACS
Wednesday 5 February 2014 Sales proceeds sent by BACS
Monday 10 February 2014 Shares will appear in the Equiniti Shareview Dealing ISA
Monday 10 February 2014 Share certificate posted (Exercise and Keep) By Monday 24 February 2014 Share certificate posted (Share Purchase) The next cut-off date is 6pm Friday 31 January 2014 with instructions processed on Friday 7 February 2014.
Subsequent timetable – exercise requests will be processed on a twice weekly basis up to and including shares allotted on the 13 March 2014
Instructions received
by 6pm on a Friday Shares allotted/purchased/sold on the Thursday of the following week Instructions received
by 6pm on a Wednesday
Shares allotted/purchased/sold on the Tuesday of the following week Thereafter, exercise requests will be processed on a weekly basis with requests processed each Thursday for any instructions made by 6pm on the Friday of the previous week.
Once exercise requests have been processed on the due allotment date, any sale requests will normally be processed the same day with sale proceeds issued within two working days. Shares transferred into the Equiniti Shareview Dealing ISA will appear in the ISA within five working days. Share certificates from exercise will be posted within five working days and share certificates from the Share Purchase facility will be posted within three weeks.
SHARES
Choice A
–
Buy Tesco shares to keep
You can buy shares at the option price of £3.11 per share. or
You can use all of your savings and bonus to purchase Tesco shares at the current share price. This choice is only available until 6pm on 7 March 2014.
You will be sent a share certificate to your home address if you choose to buy Tesco shares to keep.
What happens if I choose to buy shares at the option price and the Tesco share price is below £3.11?
If at the time of processing your exercise request the Tesco share price is below the option price of £3.11, your request will not be processed and your savings will be repaid to you, together with your bonus.
Can I set a price limit if I choose to buy shares at the market price?
You cannot set the price at which the shares are purchased. However, if the Tesco share price on the day your instruction is processed is above the option price of £3.11, your request will not be processed and your savings and bonus will be used to buy shares at the option price of £3.11.
Choice C
– Buy Tesco shares at the option price
and hold them in an ISA
You can buy shares at the option price of £3.11 per share and transfer them into an Equiniti Shareview Dealing ISA subject to the ISA allowance.
What is the ISA allowance?
For the tax year 2013/2014 the limit is £11,520 (minus any contributions made to a cash ISA). For 2014/15 the limit is £11,880. For more information on the Equiniti Shareview Dealing ISA please refer to page 5 within this booklet.
You can only give this instruction online.
CASH
Choice B
– Take your savings and bonus in cash
If you choose this option you will not be buying Tesco shares.
How will I receive my savings and bonus repayment?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Choice D
– Buy Tesco shares at the option price
to sell immediately
You can buy shares at the option price of £3.11 and sell them immediately and benefit from any gain in the share price. Your shares may take up to two weeks to sell depending on when we receive your instruction. Remember, share prices can go down as well as up.
How will I receive my cash from my share sale?
You will be sent a payment by BACS to the same bank account into which you receive your Tesco pay.
Can I set a price limit?
You cannot set a price at which to sell your shares, however your shares will only be sold if a sale price of more than £3.21 can be achieved. This limit has been put in place to protect you if the share price falls. If the shares cannot be sold your option will not be exercised and your savings and bonus will be repaid to you.
Choice E
– Leave your savings for two years to receive a second
cash bonus
You can take no action and leave your savings and five years bonus in the Save As You Earn Scheme for another two years to receive a second cash bonus of 5.7 months contributions. At the end of the two year period your total savings will be paid to you by BACS to the same bank account into which you receive your salary.
At the end of the two years can I still buy Tesco shares at the option price of £3.11?
No, your option to buy shares will lapse six months after your last exercise date.
Any residue money left in your account that cannot be used to buy shares at the option price of £3.11 can be donated to charity. The sale and ISA facilities are provided by Equiniti Financial Services Limited for Tesco colleagues until 6pm on 1 August 2014. The share purchase is available until 6pm 7 March 2014. If you wish to exercise and keep, sell or transfer your shares into an ISA at the earliest opportunity, Equiniti will need to have received your instruction by 6pm on 22 January 2014. For more information contact Equiniti on 0871 384 2976 (or +44 121 415 7119 if calling from outside of the United Kingdom). Calls to 0871 numbers are charged at 8p per minute plus network extras. Lines are open 8.30am to 5.30pm Monday to Friday (excluding bank holidays).
Save As You Earn
1
Please take action before your last exercise date, see page 4
You have reached the end of the five year Save As You Earn scheme that you joined in October 2008
with the option price of £3.11. You now need to tell us what you would like to do with your savings
and bonus, your options are shown briefly on page two and on page three in more detail.
What you need to do next
• Please read this booklet carefully and decide which choice is best for you
• You can give your instruction via one of the three easy methods detailed on page six
• Remember you need to tell us what you would like to do by the deadlines explained on page four
Important Information
Open now to Make your choice!
Save As You Earn
If undeliv
er
ed
, please r
etur
n t
o:
PO BO
X No
. 1155, L
ancing
, Unit
ed Kingdom. BN99 6RB
5
Please take action before your last exercise date, see page 4
6
Please take action before your last exercise date, see page 4
Please recycle this pack securely
once you are finished with it.
Telephone
Submit your instruction by telephone 0871 3842976 **
(or +44 121 415 7119 if calling from outside the of the United Kingdom) and follow the instructions you hear. The call should take you no more than three minutes and can be made at any time of the day. At the end of the call you’ll need to take a note of your reference number. **Calls to Equiniti 0871 numbers are charged at 8p per minute.
It
,
s so easy to make an instruction
for your Save As You Earn!
Choose from three simple ways – all you need is your payroll number (shown on your payslip) and your date of birth.4347 V6a
UK 5 Year Maturity
9/1/14
Online
Visit www.shareview.co.uk/Tesco and follow the on-screen instructions. In order to submit an instruction online you need to register for the new Equiniti ESP Portal. See below for further details on how to register. Once you have submitted your instruction you will see a confirmation page. Please review and print or save this page. You will also receive an email notification of your instruction.
Instructions to buy Tesco shares and transfer them into an Equiniti Shareview Dealing ISA must be given online.
Terms and Conditions for this Service
The Terms and Conditions for this Service and the Equiniti Sale Service can be found at www.shareview.co.uk/tesco. For your own benefit you should read these terms carefully before giving an instruction. If you do not understand any point or require them in an alternative format such as paper, braille or audio please call 0871 384 2976 (or +44 121 415 7119 if calling from outside the United Kingdom).Managing your shares online
Apply for Save As You Earn, Buy As You Earn and give an instruction for maturing Save As You Earn schemes View your Save As You Earn
and Share Incentive Plan share holdings (covering Buy As YouEarn, Shares In Success and Re-Invested Dividend Shares)24 hours a day, 7 days a week
See details of any Tesco Ordinary shares you might hold
Use online calculators to model potential gains and tax benefits
Cancel Save As You Earn schemes and receive a repayment of your savings into your salary bank account Sell Share Incentive Plan
shares using a real time share price feed so any shares sold will be at the price agreed by you
You can manage all your colleague share plans online including Shares In Success and Buy As You Earn. When you’ve registered for the ESP Portal we’ll send you all future communications about your share schemes by email, where possible
Text
Send the following text message to 84247* (or +44 7624808299 if sending the text from outside the United Kingdom): – Tescomat
– [space] Payroll Number (8 digit number including leading zeros if applicable) – [space] Date of Birth (to be entered
DDMMYYYY) – [space] 2008 [space] 5
– [space] Keep or Purchase or Repay or Sell**
– [space] Y or N (to donate residue to charity. This is only applicable to Sell or Keep choices).
** Keep = Choice A at Option price,
Purchase = Choice A at current share price, Repay = Choice B and Sell = Choice D
Examples: if you want to exercise your scheme and sell immediately and donate your residue:
Tescomat 12345678 01012011 2008 5 Sell Y or
If you want to purchase Tesco shares at the current market price:
Tescomat 12345678 01012011 2008 5 Purchase
You’ll then receive a text message back, confirming your instruction has been received along with a reference number. You’ll need to keep this message until you have received either your share certificate or cash proceeds into your bank account. * Texts will be charged at your standard network rate.
The ESP Portal will allow you to:
The online, telephone and text services
open at 9am on 15 January2014
How much does it cost to buy and sell my shares immediately?
Commission is charged on the sale of these shares. The commission is 0.5% of the value of the sale with a minimum fee of £10.00, and will be deducted from the proceeds of your sale. The sales facility is subject to achieving a minimum sale price of £3.21.
How will I receive my sale proceeds?
Equiniti will arrange to send your sale proceeds by BACS to the same bank account into which you receive your Tesco pay.
Why will my shares not be sold if the share price falls below £3.21?
This limit has been put in place to protect our colleagues if the share price falls as this is the price that some will need to achieve to recover their money after selling fees. If the Tesco share price is below £3.21 your sale request will not be processed and your savings and bonus will be repaid to you.
Can I still purchase Tesco shares if the share price is below the option price of £3.11?
Yes, we have introduced a share purchase facility. Under this choice colleagues can choose to use all of their savings and bonus to purchase shares at the market share price on the relevant allotment day. If the Tesco share price on that day has recovered and is above the option price of £3.11, the share purchase facility will not be actioned and colleagues will instead have their savings and bonus used to buy shares at the option price of £3.11. The final date for giving an instruction to use the share purchase facility is 6pm on 7 March 2014.
What are the costs for the share purchase facility?
Tesco has negotiated preferential dealing rates with Equiniti as follows:
• Dealing charge of 1%, minimum £15.
• Additional Stamp Duty Reserve Tax charge of 0.5%. The charges, including stamp duty, will automatically be deducted by Equiniti when the shares are bought. Any money left over from the share purchase that is not sufficient to purchase one share, including costs, will be retained by Equiniti to cover the additional administration costs for providing this service.
How do I sell my shares in the future if I have chosen to buy Tesco shares to keep?
You will be sent a share certificate which you should keep in a safe place as you will need it when you sell your shares.
You may sell your shares (for a fee) whenever you like by using a share dealing service available through most banks or building societies. You can also sell shares via the internet or by contacting a stockbroker directly. Tesco have negotiated a special low cost sales facility with Equiniti Financial Services Limited and details of this facility will be sent with your share certificate.
Can I re-invest in an ISA?
You can transfer your shares to an Equiniti Shareview Dealing ISA (Individual Savings Account) at the same time you give an instruction to buy shares at the option price of £3.11. There is no charge for transferring shares into the ISA, however there will be ongoing administration charges and commission on trades. Any gain made if you sell your shares from an ISA is not taxable. For more information about the Rates and Charges, please contact the Shareview Dealing ISA team on 0845 300 0430 or go to
www.shareview.co.uk/isa.
What happens if I have missed any payments?
For every payment missed, the scheme end date of your scheme will be delayed and you will continue to have deductions taken from your pay until you have completed your savings scheme. Your Statement on page 4 will show your scheme end date. If your end date is after 1 August 2014, you will not be able to select sell immediately service and the ISA transfer facility as you will not have completed your savings scheme before the exercise and sell immediately service and the ISA transfer facility finishes.
What tax will I pay?
• You will not pay Income Tax or National Insurance on your bonus or if you choose to buy Tesco shares (keep, sell or ISA).
• Your savings are taken from your pay after Income Tax and National Insurance have been deducted, so you are not taxed on the money you save.
• You may have to pay Capital Gains Tax when you sell your shares if your total gains for the tax year exceeds the capital gains exemption (£10,900 for 2013/14 tax year). If you want to know more about this, you should contact an independent financial adviser.
What happens if I do nothing?
Your option to buy shares at £3.11 will lapse six months after your scheme end date. Your savings and five year bonus will be held for another two years to qualify for a second cash bonus of 5.7 months contribution. At the end of the two year period you will then be sent a payment for the amount of your savings and bonus and you will not be able to exercise your option. Your total savings will be paid by BACS to the same bank account into which you receive your Tesco pay.
Remember that, the Equiniti share purchase facility is only available until 6pm on 7 March. The exercise and sale service and the Equiniti ISA facility are only available until 6pm on 1 August 2014. If the share price recovers you will still have the option to buy shares at the option price of £3.86 up until your last exercise date shown on your Statement on page 4.
What if I choose to exercise my option to buy shares and the share price falls below the option price?
If the Tesco PLC share price is below the option price, your option will not be exercised and your savings and bonus will be repaid to you by BACS to the same bank account into which you receive your Tesco pay.
What happens if I have my savings and bonus repaid and then the share price rises above the option price?
If the share price rises above the option price before your last exercise date, you will still have the opportunity to return some or all of your savings to buy shares at the option price. Your last exercise date is shown on your Statement on page 4.
How do I return my savings to buy shares at the option price?
You will need to write to Equiniti confirming you would like to exercise your option and include a cheque made payable to Lloyds Bank plc re Tesco SAYE. Please send your letter and cheque to Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom.
How do I find out more?
If you need more information about your Save As You Earn scheme please call the Equiniti helpline on 0871 384 2976 (or +44 121 415 7119 if calling outside of the United Kingdom), Monday to Friday between 8.30am and 5.30pm. Calls to Equiniti 0871 numbers are charged at 8p per minute plus network extras.
