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Further information

If you decide to sell your shares, your sale proceeds will be sent directly to the bank account that your Asda salary is paid to within 8 working days from the settlement date of the sale (the settlement date is 3 days after the sale).

If there is an amount left in your savings account after exercising your option (i.e. less than the price of one share) this will also be sent to your bank account.  As there is no settlement period for this amount it may arrive before the proceeds of the sale.

If you decide NOT to take Choice 1 or 2 and just withdraw your savings and bonus this would total 1,830. By doing this you would not benefit from any difference between the option price and market price of the shares, and in the above example, MISS OUT on the 645* difference.

If you want to receive a cheque for the sale of your shares you will need to e-mail cancelsayematmandate@equiniti.com by the 18 May 2012.

If you want to take a repayment of your savings you will need to contact the Asda Sharesave Helpline on 0800 023 2093 after the maturity date of the 1st June 2012. You will need your Walmart Number and your Sharesave Account Number shown on your Maturity Statement.

What about tax?

There is no income tax to pay as a result of exercising your share option or taking your savings and bonus. You may have to pay Capital Gains Tax (CGT) if you sell your shares at a profit (this is the difference between the cost of buying your shares when you exercise your share option at 27.45 per share and the price you sell them for).

The government currently allows you to make a certain level of capital gains in each financial year without being taxed. If your gain (which must include any other profit you have made within the tax year) exceeds the current exemption limit, you will have to pay tax on any gain above this limit.

The CGT limit for 2012/2013 is 10,600. If you are unsure about buying shares or your tax position, you should consult an independent tax adviser.


ASDA - saving you money every day

If you choose to close your account and take your saving and bonus as cash, a cheque will be issued to your home address within 10 working days of your request.

*Subject to applicable sale fee and applied exchange rate. Remember, share prices can fall as well as rise and the applied exchange rate will fluctuate. Therefore, the figures in the above example, and the value of your option will change depending on the current price of Walmart shares and the applicable exchange rate. For an indication of the current Walmart share price please see the WIRE.

**Calls to 0871 numbers are charged at 8p per minute from a BT Landline. Other telephony costs may vary. Lines are open 8.30am to 5.30pm, Monday to Friday.


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This web page is managed by the company's Registrar, Equiniti. 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. Company share registration, employee scheme and pension administration services are provided through Equiniti Limited, which is registered in England & 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 Services Authority. ASDA - Saving you money every day