Mailing Dates and Documents:
-
1 August 2022
Entitlement documents posted to GSK shareholders. Depending on whether shareholders hold their GSK shares as paper share certificates or in the GSK plc Nominee Service, they have been sent:
- New GSK share certificate
- GSK plc Nominee Service statements (showing their balance before and after the GSK Share Consolidation)
- GSK Fractional Entitlement Payment Advice (if they are due a GSK fractional entitlement payment)
Please note: If you recently joined the Nominee Service then you will only receive one Nominee Service Statement, this will confirm your opening balance.
-
4 August 2022
Entitlement documents posted to Haleon shareholders. Depending on whether shareholders hold their Haleon shares as paper share certificates or in the Haleon plc Nominee Service, they will be sent:
- New Haleon share certificate
- Haleon plc Nominee Service opening statement
- Haleon Welcome Booklet
Frequently Asked Questions
I have received a share certificate for my new GSK shares. Where is my Haleon share certificate?
Your Haleon share certificate was posted to you on 4 August 2022 following the Haleon Capital Reduction. Haleon share certificates were despatched by first class post to your registered address, at your risk. This is the same address that was used to send your GSK share certificate. You should receive your Haleon Share certificate and a Haleon Welcome Booklet by 18 August 2022, if you have not received them by then please contact us using the form below and we can investigate.
Why have I been sent these documents?
You have been sent these documents as a result of the Demerger and GSK Share Consolidation. Following the Demerger, GSK shareholders received 1 Haleon share for each GSK share held at the Demerger record time (6.00pm (UK time) on Friday 15 July 2022). Following the GSK Share Consolidation, GSK shareholders received 4 new GSK shares for every 5 existing GSK shares held at the GSK Share Consolidation record time (8.00pm (UK time) on Monday 18 July 2022).
Documents posted on 1 August 2022 relate to your new GSK shareholding following the GSK Share Consolidation.
Documents posted on 4 August 2022 relate to your new Haleon shareholding following the Demerger.
These documents are referred to as “entitlement” documents.
I have received my entitlement documents, what do I need to do now?
No further action is required from you. Any old GSK plc share certificates issued before the GSK Share Consolidation can be destroyed as they have been replaced with new GSK consolidated share certificates.
If you elected to join the GSK plc Nominee Service and the Haleon plc Nominee Service by completing a transfer form prior to the Demerger, then no new share certificates will be issued to you. Instead, you should have received statements for the GSK plc and Haleon plc Nominee Services detailing your GSK and Haleon share balances, as your shares are now held electronically.
I have received a payment into my bank account. What is this for?
As a result of the GSK Share Consolidation, some shareholders were left with fractional GSK shares which could not be consolidated. These fractional GSK shares were sold in the open market at the best price obtainable, which was £17.32 per share, and the net proceeds (after deduction of 1% dealing costs) were paid to each relevant shareholder according to his or her entitlement. This payment was made direct to shareholder mandated bank accounts on 1 August 2022, and a Fractional Entitlement Payment Advice confirming this amount has been posted to shareholders.
Why have I been sent a GSK plc and Haleon plc Nominee Service statements?
You have received GSK plc and Haleon plc Nominee Service statements as you completed and returned a GSK and Haleon transfer form, which gave the instruction for your GSK plc and Haleon plc shares to be transferred to the GSK plc and Haleon plc Nominee Services where they are held on your behalf in electronic form by Equiniti Financial Services Limited. The statements you have received show your new post-consolidation shareholding in GSK and your new shares in Haleon. All these shares are now held electronically so no share certificates will be issued.
You can manage your shares online via Shareview at www.shareview.co.uk, where you can create an account or login in if you already have one and view and manage all you shareholdings in one place.
I was expecting a payment for my GSK fractional share, why have I not received this?
Not all GSK shareholders will have been entitled to a fractional payment. Fractional shares only arose when the total number of GSK shares held by a shareholder was not exactly divisible by the consolidation ratio, which in this case was 4 new GSK shares for every 5 GSK shares held at the GSK Share Consolidation record time of 8.00pm (UK time) on Monday 18 July 2022. If the number of GSK shares you held at that time was divisible by 5 then no fractional payment will be due.
Payments for fractional entitlements were made on 1 August 2022 but can take up to 10 working days to show in bank accounts. If after 14 August 2022 you are expecting a payment and none has been received then please contact us using the form below and we will investigate this for you.
If you do not have a bank mandate registered in respect of your GSK shares, then any fractional entitlement payment due to you has been retained. In order to claim this payment, you will need to provide us with your bank details as soon as possible.
You can provide your bank account details:
- On Shareview at www.shareview.co.uk/info/directdividends; or
- By downloading and completing a Bank Mandate Form. This form can be found at: www.shareview.co.uk/info/directdividends; or
- By contacting us to request a paper Bank Mandate Form which we can send to you. Our contact details can be found below; or
- If you hold less than 2,500 shares then we can take you bank mandate instruction over the phone. Please call us on +44 800 917 0937 and we can assist you
We expect to process your bank mandate within 5 days of receipt, at which point any fractional entitlement payment due to you, along with any GSK retained dividend payments, will be released to your bank account. Please be aware that it can take up to 10 working days for any payment due to be processed and show in your account.
Why have I not received a GSK or Haleon share certificate?
Certificated shareholders: Your GSK plc share certificate was posted to you on 1 August 2022 and your Haleon share certificate was posted to you on 4 August 2022 following the Haleon Capital Reduction. Both share certificates were/will be despatched by first class post to your registered address. You should receive all documentation by 18 August 2022. If you have not received it by then please contact us and we can investigate. Our contact details can be found below.
Shareholders in the GSK plc and Haleon plc Nominee Services: your shares are held electronically in the GSK plc Nominee Service and the Haleon plc Nominee Service. As these are both electronic holdings no share certificates will be issued. You can view and manage your shares online via Shareview at www.shareview.co.uk, where you can create an account or login in if you already have one and view and manage all your shareholdings in one place.
CREST shareholders: your shares are held electronically in CREST and no share certificates will be issued. Please contact your broker if you require more information.
I have been given shares in Haleon plc but I don’t want them, what can I do?
These shares have been issued to you as a result of the Demerger of the Haleon group from GSK. Haleon shares are listed on the main market of the London Stock Exchange and are fully tradeable. Dealing in Haleon Shares commenced on the London Stock Exchange at 8.00am on Monday 18 July 2022. If you do not wish to keep your Haleon shares then these can be sold in the market.
Sale from Haleon plc Nominee Service - If your Haleon Shares are held in the Haleon plc Nominee Service, you are able to trade your Haleon Shares through Equiniti Financial Services via its Shareview Dealing service. Your sale proceeds will be issued to you within two business days of the trade date. For more information on dealing through Shareview Dealing, including information on fees, please go to https://www.shareview.co.uk/Dealing or call +44 (0)3456 037 037.
Sale of Haleon certificated shares - If your Haleon Shares are held in certificated form, Equiniti despatched your share certificate for Haleon Shares on 4 August 2022 which you should receive by 18 August 2022. .
If you wish to sell your Haleon Shares before you receive your share certificate, you can do this through Equiniti via its Shareview Dealing service either online via https://www.shareview.co.uk/Dealing or by telephone on +44 (0)3456 037037.
Following the sale, Equiniti will send you a contract note and transfer form. You will need to complete and return your transfer form, together with your share certificate once received, to Equiniti. Following receipt of your completed transfer form and share certificate, Equiniti will issue your sale proceeds to you. Note this will take several days. For more information on dealing through Shareview Dealing, including information on fees, please go to https://www.shareview.co.uk/Dealing or call +44 (0)3456 037 037. Alternatively, you may be able to sell your Haleon Shares before you receive your share certificate through a bank or broker depending on their requirements.
If you are registered for Shareview, you can sell your certificated Haleon Shares via www.shareview.co.uk/login.
Do I need to return my old GSK share certificate(s)?
No, you do not need to return your old GSK share certificate which was issued before the GSK Share Consolidation. GSK share certificates issued before the GSK Share Consolidation are no longer valid. Therefore, you should destroy your old share certificate(s) upon receipt of your new GSK share certificate.
I don’t want to hold my shares in the GSK plc and Haleon plc Nominee Services. How do I transfer my shares back into certificated form?
You may cancel your agreement at any time by letting us know in writing. This is in addition to your legal right to cancel this agreement within fourteen (14) days of the agreement between us being made. Your cancellation letter will take effect as soon as we receive it, at which point we will, unless you instruct us otherwise, transfer any shares being held in the GSK plc and Haleon plc Nominee Service into your own name, and then send you a share certificate for each holding. All transactions are subject to the usual fees unless otherwise notified.
All fees and full terms & conditions can be found on Shareview at: www.shareview.co.uk/info/CSN.
Key documents
Key dates
-
30 June 2022
Deadline for Return of Forms of Direction
Deadline for Return of Bank Mandate Forms
-
04 July 2022
Deadline for Proxy Forms
Deadline for Return of CSN Transfer Forms
-
06 July 2022
General Meeting
-
15 July 2022
Demerger Record Date
-
18 July 2022
Admission of Demerger / Haleon Shares
Consolidation Record Date
-
19 July 2022
Admission of Consolidated GSK Shares
-
w/c 1 August 2022
Despatch of Entitlement documents
-
w/c 1 August 2022
Payment of Fractional Cash due (if applicable)
The Demerger completed on Monday 18 July 2022 and GSK shareholders received one Haleon plc share for each GSK plc share held at 6.00pm (UK time) on Friday 15 July 2022. If you were a GSK shareholder at that time you are now a shareholder in both GSK and Haleon. Haleon is a FTSE 100 company which started trading on the London Stock Exchange’s Main Market at 8.00am on Monday 18 July 2022.
You can find more about Haleon including share price information at www.haleon.com.
More information on the announcement confirming the completion of the Demerger can be found at https://otp.tools.investis.com/clients/uk/gsk/rns/regulatory-story.aspx?cid=410&newsid=1606762.
Frequently Asked Questions
What is the Demerger and when did it happen?
On 23 June 2021 at the GSK Investor Update, GSK confirmed its intention to separate its Consumer Healthcare Joint Venture by way of a demerger of at least 80% of its 68% holding.
The Demerger was approved by GSK shareholders at the General Meeting, held at 2.30pm on Wednesday 6 July 2022. A Circular containing notice of the General Meeting was published on GSK’s website on Wednesday 1 June 2022 and posted to shareholders on Monday 6 June 2022.
The Demerger completed over the weekend of 16/17 July 2022 and dealings in shares in Haleon plc (the name of the demerged company) commenced on the London Stock Exchange at 8.00am on Monday 18 July 2022.
Under the terms of the Demerger, GSK shareholders who were registered on the GSK share register at the record time (which was 6pm (UK time) on Friday 15 July 2022) were entitled to receive one Haleon Share for each GSK share held by them at the record time. This means that GSK shareholders own shares in both GSK and Haleon following the Demerger.
Why was I sent the Circular?
You were sent the Circular as a GSK shareholder. The Circular explains the Demerger and GSK Share Consolidation and gave notice of the General Meeting (which can be found in Part VII of the Circular) which was held on 6 July 2022. Both resolutions set out in the notice were passed and the Demerger became effective on the 18 July 2022. Results of the General Meeting can be found on the GSK website at www.gsk.com/en-gb/investors/shareholder-information/general-meeting/.
Where can I access copies of other documents mentioned in the Circular?
What happened to my GSK shares following the Demerger?
GSK shareholders who were registered on the on the GSK share register at 6.00 pm on Friday 15 July 2022 (record time) received one Haleon Share for each GSK share held by them at the record time.
Following the Demerger, GSK undertook a Share Consolidation as a result of which shareholders received 4 new GSK shares for every 5 GSK shares held at 8.00pm (UK time) on Monday 18 July 2022. As a result of the GSK Share Consolidation, you now hold a reduced number of GSK shares, but each GSK share was worth approximately what it was prior to the Demerger immediately after the GSK Share Consolidation took place. You will also own shares in Haleon plc, so when you add together the value of your shares in GSK and the Haleon shares you have received, the total value immediately after the GSK Share Consolidation took place should be approximately the same as it was in GSK shares before the Demerger. Normal stock market movements since 19 July 2022 may have caused changes to the value of your GSK and Haleon holdings.
How many Haleon shares have I received?
Under the terms of the Demerger, GSK shareholders who were registered on the GSK share register at the record time (which was 6pm on Friday 15 July 2022) received one Haleon Share for each GSK share held by them at the record time. This means that GSK shareholders own shares in both GSK and Haleon plc immediately following the Demerger.
Can I receive cash instead of Haleon shares as a result of the Demerger?
What are the GSK shares and Haleon share prices following the Demerger
Current and historic share prices can be found on the GSK and Haleon websites
at:
GSK
https://www.gsk.com/en-gb/investors/dividend-and-share-price/gsk-share-price/
Haleon https://www.haleon.com/investors/
Will I have to pay any tax as a result of the Demerger?
A summary of certain UK and US tax consequences in respect of the Demerger and Separation relevant to UK and US shareholders can be found in Part VI of the Circular on pages 83 to 87.
Further information on the tax base cost allocation to assist UK and US shareholders apportion their base cost between their GSK plc shares and Haleon plc shares for UK capital gains tax purposes following the Demerger, including a worked example and Form 8937 for US shareholders, can be found at www.gsk.com/demerger
Shareholders in jurisdictions outside of the UK or the US should consult with their own legal and tax advisers with respect to the tax consequences in their particular circumstances, under the relevant legislation and regulations.
Do I need to provide a new bank mandate form for my Haleon shares?
If you have previously provided GSK/Equiniti with a bank mandate instruction there is no further action you need to take. Unless amended or revoked, all existing mandates relating to the payment of cash dividends on GSK Shares which were in force at the record time (6pm (UK time) on Friday 15 July 2022), were deemed from Demerger to be an effective mandate or instruction to Haleon in respect of the corresponding Haleon Shares.
Please note that following the Demerger and GSK Share Consolidation, any bank mandate and/or DRIP elections that were present on your existing GSK shareholding at the Demerger record date have been copied across to your new holdings.
I am in the GSK DRIP. Will my DRIP instruction automatically carry across to my Haleon shares, what do I need to do?
Yes - if you are in the GSK DRIP, your DRIP instruction has automatically carried across to your Haleon shares at Demerger. There is no further action you need to take. Please note that following the Demerger and GSK Share Consolidation, any bank mandate and/or DRIP elections that were present on your existing GSK shareholding at the Demerger record date have been copied across to your new Haleon shareholding.
How soon can I trade my Haleon Shares following the Demerger?
Haleon shares commenced trading on the London Stock Exchange at 8.00 am on Monday 18 July 2022.
Sale from Haleon Nominee Service - If your Haleon Shares are held in the Haleon Nominee Service, you can trade your Haleon Shares through Equiniti Financial Services via its Shareview Dealing service. Your sale proceeds will be issued to you within two business days of the trade date. For more information on dealing through Shareview Dealing, including information on fees, please go to www.shareview.co.uk/Dealing or call +44 (0)3456 037 037
Sale of Haleon certificated shares - If your Haleon Shares are held in certificated form, Equiniti despatched your share certificate for Haleon Shares on 4 August 2022 which you should receive by 18 August 2022. If you wish to sell your Haleon Shares before you receive your share certificate, you can do this through Equiniti Financial Services via its Shareview Dealing service either online via www.shareview.co.uk/Dealing or by telephone on +44 (0)3456 037 037.
If you are registered for Shareview, you can sell your Haleon Shares via www.shareview.co.uk/login. Following the sale, Equiniti Financial Services will send you a contract note and transfer form. You will need to complete and return your transfer form, together with your share certificate once received, to Equiniti Financial Services. Following receipt of your completed transfer form and share certificate, Equiniti Financial Services will issue your sale proceeds to you. For more information on dealing through Shareview Dealing, including information on fees, please go to www.shareview.co.uk/Dealing or call +44 (0)3456 037 037.
Key documents
Key dates
-
30 June 2022
Deadline for Return of Forms of Direction
Deadline for Return of Bank Mandate Forms
-
04 July 2022
Deadline for Proxy Forms
Deadline for Return of CSN Transfer Forms
-
06 July 2022
General Meeting
-
15 July 2022
Demerger Record Date
-
18 July 2022
Admission of Demerger / Haleon Shares
Consolidation Record Date
-
19 July 2022
Admission of Consolidated GSK Shares
-
w/c 1 August 2022
Despatch of Entitlement documents
-
w/c 1 August 2022
Payment of Fractional Cash due (if applicable)
Following the demerger, on Monday 18 July 2022 GSK consolidated its share capital.
This means shareholders received 4 new GSK shares of 311/4 pence each for every 5 existing GSK shares of 25 pence each held at 8.00pm (UK time) on that date. GSK’s post-consolidated shares started trading on the London Stock Exchange’s Main Market at 8.00am on Tuesday 19 July 2022.
More information on the announcement confirming the completion of the GSK Share Consolidation can be found at https://otp.tools.investis.com/clients/uk/gsk/rns/regulatory-story.aspx?cid=410&newsid=1607162
Frequently Asked Questions
What does the GSK Share Consolidation mean to me?
As a shareholder you will now hold a reduced number of GSK shares than your holding prior to the GSK Share Consolidation record time, but each GSK share will be worth approximately what it was worth prior to the Demerger. Your shareholding as a proportion of the total number of issued new GSK shares will be the same as before and immediately after the GSK Share Consolidation.
You will also own shares in Haleon plc, so when you add together the value of your consolidated shares in GSK and the Haleon shares you have received, the total should be approximately the same as it was in GSK shares before demerger. Normal stock market movements since 19 July 2022 may have caused subsequent changes to the value of your GSK and Haleon holdings.
Why did GSK do a Share Consolidation?
Following the Demerger, the price of a GSK share fell to reflect the demerger of the Consumer Healthcare business from the GSK group. The purpose of the GSK Share Consolidation was to maintain general comparability between GSK’s share price before and after the Demerger (subject to interim market movements). The GSK Share Consolidation and the resulting consistency in share price should enable comparability between the GSK group’s earnings per share and share price with previous financial periods. It is also designed to preserve (as far as reasonably possible) the value of options and awards granted under certain GSK employee share schemes, to avoid the need for any specific adjustments to the numbers and/or exercise price of options and awards under those schemes.
A share consolidation is often carried out when companies demerge and is usually seen as beneficial by both shareholders and employees.
After the GSK Share Consolidation you now hold a reduced number of GSK shares, but each GSK share will be worth approximately what it was worth immediately prior to the Demerger and your shareholding as a proportion of the total number of issued new GSK shares remains the same as it was before the GSK Share Consolidation. Normal stock market movements since 19 July 2022 may have caused subsequent changes to the value of your GSK and Haleon holdings.
Will I receive a new GSK share certificate following the GSK Share Consolidation?
Certificates for new GSK shares were dispatched on 1 August 2022. They were sent by first class post to your registered address on the GSK share register. Share certificates are posted at the risk of shareholders.
Do I need to return my existing share certificate(s) as a result of the Share Consolidation? What happens if I do not return it?
Your existing GSK share certificate which was issued before the GSK Share Consolidation is no longer valid. Therefore, you should destroy your old share certificate upon receipt of your new GSK share certificate.
Certificates for new GSK shares were dispatched on 1 August 2022. They were sent by first class post to your registered address on the GSK share register. Share certificates will be posted at the risk of shareholders.
How soon can I trade new GSK Shares following the GSK Share Consolidation?
Dealings in new GSK shares commenced on the London Stock Exchange at 8.00am on Tuesday 19 July 2022.
Sale from GSK Nominee Service: If your New GSK Shares are held in the GSK Nominee Service, you will be able to trade your New GSK Shares through Equiniti Financial Services via its Shareview Dealing service from 8.00am on Tuesday 19 July 2022 when dealings in New GSK Shares commence on the London Stock Exchange. Your sale proceeds will be issued to you within two business days of the trade date. For more information on dealing through Shareview Dealing, including information on fees, please go to www.shareview.co.uk/Dealing or call +44 (0)3456 037 037
Sale of GSK certificated shares: If your New GSK Shares are held in certificated form, Equiniti posted your new GSK share certificate on 1 August 2022. If you wish to sell your GSK Shares, you can do this through Equiniti Financial Services via its Shareview Dealing service either online via www.shareview.co.uk/Dealing or by telephone on +44 (0)3456 037 037. If you are registered for Shareview, you can sell your New GSK Shares via www.shareview.co.uk/login. Following the sale, Equiniti Financial Services will send you a contract note and transfer form. You will need to complete and return your transfer form, together with your share certificate once received, to Equiniti Financial Services. Following receipt of your completed transfer form and share certificate, Equiniti Financial Services will issue your sale proceeds to you.
For more information on dealing through Shareview Dealing, including information on fees, please go to www.shareview.co.uk/Dealing or call +44 (0)3456 037 037
How much were my GSK shares worth after the GSK Share Consolidation?
The purpose of the GSK Share Consolidation was to return the share price to its pre-Demerger level. Share Consolidation works by reducing the total number of shares in issue, so that each shareholder has fewer shares, but each share will be worth more. You will continue to own the same proportion of GSK shares as you did immediately prior to the Demerger. Of course, there can be no guarantee of post-demerger value as the actual value will depend on the market price of GSK shares.
How will I know how many new GSK shares I will have following the GSK Share Consolidation?
The number of GSK shares you received as a result of the GSK Share Consolidation was determined on the evening of Monday 18 July 2022. You can view your entitlement via your Shareview Portfolio at www.shareview.co.uk/login. GSK plc Nominee Service statements and new share certificates were posted to you on 1 August 2022.
What will happen to fractional entitlements resulting from the GSK Share Consolidation?
Fractional entitlements may have arisen as a result of the GSK Share Consolidation as GSK cannot issue fractional shares. Therefore, any fractional shares that you were entitled to on consolidation were sold. Individual fractional entitlements to the new GSK shares were aggregated and the resulting new GSK shares sold in the open market, on 19 July 2022 at £17.32 per share, and the net proceeds have been paid to each relevant shareholder according to his or her entitlement. These payments were made on 1 August 2022 to shareholders with bank mandates in place. Fractional entitlement payments for shareholders who do not have bank mandates in place have been retained and will be paid once bank mandate details have been received.
You can provide your bank account details:
- On Shareview at www.shareview.co.uk/info/directdividends; or
- By downloading and completing a Bank Mandate Form. This form can be found at www.shareview.co.uk/info/directdividends; or
- By contacting us to request a paper Bank Mandate Form which we can send to you. Our contact details can be found below; or
- If you hold less than 2,500 shares then we can take you bank mandate instruction over the phone. Please call us on +44 800 917 0937 and we can assist you
You will now need to provide two bank mandate instructions: one for your GSK plc shares and one for your Haleon plc shares.
If you do not have a valid dividend mandate in place, the net proceeds will be retained, and you may be charged a small fee by Equiniti for the release of the dividends.
Will my bank mandate instructions on my existing GSK shares automatically apply to my new GSK shares following the GSK Share Consolidation?
Yes, all bank mandate and other instructions, including communication preferences given in relation to your existing GSK shares which were in force at the record time (8pm on Monday 18 July 2022) shall, unless and until revoked, be deemed to be valid and effective mandates or instructions in relation to the new GSK shares.
Please note that following the Demerger and GSK Share Consolidation, any bank mandate and/or DRIP elections that were present on your existing GSK shareholding at the Demerger and GSK Share Consolidation record dates have been copied across to your new GSK holding.
Key documents
Key dates
-
30 June 2022
Deadline for Return of Forms of Direction
Deadline for Return of Bank Mandate Forms
-
04 July 2022
Deadline for Proxy Forms
Deadline for Return of CSN Transfer Forms
-
06 July 2022
General Meeting
-
15 July 2022
Demerger Record Date
-
18 July 2022
Admission of Demerger / Haleon Shares
Consolidation Record Date
-
19 July 2022
Admission of Consolidated GSK Shares
-
w/c 1 August 2022
Despatch of Entitlement documents
-
w/c 1 August 2022
Payment of Fractional Cash due (if applicable)
Frequently Asked Questions
My personal details are registered incorrectly – how do I amend them?
If you are registered on Shareview, personal detail changes can be made through the website at www.shareview.co.uk/login.
Alternatively, please send a covering letter giving us details of your Shareholder Reference, full registered name, your previous address and your new address. Your instruction will need to be signed.
If you have moved address and subsequently not received the documentation in relation to the Demerger, your request for duplicate documentation should be included in the address change request letter.
How do I register to view my GSK shareholding online?
I’ve registered on Shareview but have lost my username/ID – how can I login?
I already hold shares in companies managed by Equiniti – how do I add these to my existing portfolio?
If I joined the GSK plc Nominee Service before Demerger, have I automatically joined the Haleon plc Nominee Service?
Yes, if you held your GSK shares through the GSK Nominee Service as at 6.00pm (UK time) on Friday 15 July 2022, your Haleon shares are held on your behalf in the new Haleon Nominee Service. This is provided by Equiniti Financial Services Limited under the Haleon Nominee Service terms and conditions which can be found at: www.shareview.co.uk/info/CSN
A Haleon Nominee Service statement will be issued to you to confirm your holding of Haleon shares held in the Haleon Nominee Service in early August 2022.
Please note that all bank mandates, DRIP elections and other instructions, including communication preferences given to Equiniti by shareholders in the GSK Nominee Service and in force at the record time (6pm (UK time) on Friday 15 July 2022) have been carried across to the Haleon Nominee Service.
Please note that following the Demerger, any bank mandate and/or DRIP elections that were present on your existing GSK shareholding at the Demerger record date have been copied across to your new holdings.
Where can I find the latest share dealing terms and conditions?
https://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/svd/Documents/TsCsCertificated.pdf
How do I provide you with my bank details / update my bank details?
If you do not have a valid dividend mandate in place, any future cash distributions due to you will be retained and you may be charged a small fee by Equiniti for the release of the dividends.
You can submit your bank account details online, via Shareview portfolio. Please visit www.shareview.co.uk/info/directdividends for further details.
A bank mandate form can be downloaded if you do not wish to complete your details online. Mandate forms should be completed and returned to Equiniti as soon as possible.
We expect to process your bank mandate within 5 days of receipt at which point any fractional entitlement payment due to you, along with any retained dividend payments will be released to your bank account. Please be aware that it can take up to 10 days for any payment due to be processed and showing in your account.
Please note that any mandate instructions you provide following the Demerger will need to be given as two separate instructions, one for your GSK shares and one for your Haleon shares.
Alternatively, if you hold less than 2,500 shares then we can take you bank mandate instruction over the phone. Please call us on +44 800 917 0937 and we can assist you.
What if I receive an unsolicited call to sell my GSK shares?
I want to speak to someone at Equiniti on the phone, what is the contact number?
Key documents
Key dates
-
30 June 2022
Deadline for Return of Forms of Direction
Deadline for Return of Bank Mandate Forms
-
04 July 2022
Deadline for Proxy Forms
Deadline for Return of CSN Transfer Forms
-
06 July 2022
General Meeting
-
15 July 2022
Demerger Record Date
-
18 July 2022
Admission of Demerger / Haleon Shares
Consolidation Record Date
-
19 July 2022
Admission of Consolidated GSK Shares
-
w/c 1 August 2022
Despatch of Entitlement documents
-
w/c 1 August 2022
Payment of Fractional Cash due (if applicable)
Frequently Asked Questions
What is a Corporate Sponsored Nominee ("CSN")?
What are the benefits of the CSN?
Key benefits include:
- easier and more secure than holding paper share certificates – you do not need to worry about losing or misplacing your share certificate which can be expensive to replace;
- more privacy, as your name is taken off the public register and instead is kept on a separate register;
- access to competitive Equiniti dealing rates and faster settlement compared to selling shares held in certificated form;
- quarterly statements to show your share balance (if you register for Shareview you can view/download these statements online);
- no custody fees.
Who is eligible to join a CSN?
You must be aged 18 or over and resident in the UK, EEA, Isle of Man, Channel Islands, Switzerland or Gibraltar to participate.
How do I join the GSK CSN?
Individual shareholders in the UK or EEA: Both GSK and Haleon offer a CSN. Please note that you have missed the deadline to transfer your GSK shares into the CSN before the Demerger. You will now need to complete two forms: one to transfer your GSK shares to the GSK plc Nominee Service and the other to transfer your Haleon shares to the Haleon plc Nominee Service. We can arrange to send you these forms. Please use the contact box below providing your details and request a CSN transfer form for both GSK plc and Haleon plc.
Once received, these forms should be completed and returned to Equiniti at the address shown on the form. Please note that you will need to wait to return these forms until you receive your new GSK and Haleon share certificates, which were posted to you in early August. These share certificates will need to be returned to us with the transfer forms.
All Corporates, All Trusts and individuals outside the UK and EEA: Unfortunately, you are not eligible to join the CSN as this product is only available to individuals living within the UK and EEA. If you wish to hold your shares electronically, please contact your broker who will be able to run though other options available to you.
Note: In the suite of documents issued to shareholders ahead of the General Meeting in June there was a deadline to submit the CSN Transfer Form before 4 July 2022. This deadline ensured that enrolment in both the GSK and Haleon Nominee Services would occur before the Demerger. The opportunity to transfer shares into the Nominee Services ahead of the Demerger has now passed.
Is Haleon offering a Nominee Service?
I hold my GSK shares in the GSK Nominee Service, how will I receive my Haleon shares?
If you hold your GSK shares through the GSK plc Nominee Service, your Haleon shares will be held on your behalf in the new Haleon plc Nominee Service. This will be provided by Equiniti Financial Services Limited under the Haleon plc Nominee Service terms and conditions which can be found at www.shareview.co.uk/info/CSN.
A Haleon plc Nominee Service statement will be issued to you to confirm your holding of Haleon shares held in the Haleon plc Nominee Service in on 4 August 2022.
Please note that all bank mandates, DRIP elections and other instructions, including communication preferences given to Equiniti by shareholders in the GSK plc Nominee Service and in force at the record time (6pm (UK time) on Friday 15 July 2022) have been carried across to the Haleon plc Nominee Service.
I hold a GSK share certificate and I would like to transfer my GSK shares to the GSK plc Nominee Service, and hold my Haleon shares in the Haleon plc Nominee Service, what do I need to do?
Individual shareholders in the UK or EEA: Both GSK and Haleon offer a Nominee Service. Please note that you have missed the deadline to transfer your GSK shares into the Nominee Service before the Demerger. You will now need to complete two forms: one to transfer your GSK shares to the GSK plc Nominee Service and the other to transfer your Haleon shares to the Haleon plc Nominee Service. We can arrange to send you these forms. Please use the contact box below providing your details and request a CSN transfer form for both GSK plc and Haleon plc.
Once received these forms should be completed and returned to Equiniti at the address shown on the forms. Please note that you will need to wait to return these forms until you receive your new GSK and Haleon share certificates, which were posted to you in early August. These share certificates will need to be returned to us with the transfer forms.
Corporates, Trusts and individuals outside the UK and EEA: Unfortunately, you are not eligible to join the Nominee Service as this product is only available to individuals living within the UK and EEA. If you wish to hold your shares electronically, please contact your broker who will be able to run though other options available to you.
Note: In the suite of documents issued to shareholders ahead of the General Meeting in June there was a deadline to submit the CSN Transfer Form before 4 July 2022. This deadline ensured that enrolment in both the GSK plc and Haleon plc Nominee Services would occur before the Demerger. The opportunity to transfer shares into the Nominee Services ahead of the Demerger has now passed.
If I hold my shares in the Haleon Nominee Service, when will I receive a share statement?
An opening statement for your Haleon shares was issued on the 4 August 2022. If you have registered for Shareview Portfolio you will receive an email when your statement is made available online which will explain how to access it.
Going forward, a quarterly statement will be made available in your Shareview Portfolio showing the number of shares held for you. We will email you to let you know this is available and how to access it. The dates statements will be made available will be provided on the front of each statement.
If I hold my shares in the GSK plc and Haleon plc Nominee Services, who will be the registered holder of my shares?
Where can I find the latest CSN and share dealing terms and conditions?
When will I receive my new Share certificate?
If your shares are held through our Equiniti Corporate Nominee Service (CSN), no paper share certificate will be produced, and you will be able to manage your shares online once you have registered for Shareview Portfolio.
Are there any annual fees to holding my shares within the Nominee Service?
No, however, if you were to sell your shares held within the Nominee Service and an outstanding residual balance of cash was to remain unclaimed for more than 12 months, we may charge an annual management fee.
Key documents
Key dates
-
30 June 2022
Deadline for Return of Forms of Direction
Deadline for Return of Bank Mandate Forms
-
04 July 2022
Deadline for Proxy Forms
Deadline for Return of CSN Transfer Forms
-
06 July 2022
General Meeting
-
15 July 2022
Demerger Record Date
-
18 July 2022
Admission of Demerger / Haleon Shares
Consolidation Record Date
-
19 July 2022
Admission of Consolidated GSK Shares
-
w/c 1 August 2022
Despatch of Entitlement documents
-
w/c 1 August 2022
Payment of Fractional Cash due (if applicable)