The Share Incentive Plan (SIP) is an HMRC tax-advantaged all-employee Share Plan that allows qualifying UK employees to be granted Free shares, and also allows them the opportunity to buy company shares (known as Partnership Shares) up to a certain limit (being £1,800 each tax year, or 10% of your income for the tax year, whichever is lower), in both cases free of Income Tax and NICs.

No, once you have applied you will automatically receive Free shares each year, subject to continuous employment, eligibility and the Company deciding to operate the Free Shares Plan in the future.

Shareable earnings have been calculated based on a fixed percentage of your eligible earnings in the previous tax year. Separate arrangements have been made for Ego.

No. You cannot apply after the deadline. You must have submitted your application by 5pm on 24 June 2024 or you will not be able to participate and will need to wait for the next invitation.

Find your current and historical holdings by logging into the Equiniti Limited (Equiniti) Employee Share Plans Portal (ESP Portal) as well as view any other Share Plans and Ordinary Shares you may own.

Free shares must normally be held in the plan for at least 3 years. Shares held between 3 and 5 years can be sold, but there will be tax and NIC to pay. Free shares can be sold tax-free after 5 years.

Yes, if a dividend is paid you'll receive cash dividends directly to your salary bank account.

We have provided a scheme comparison to help you decide which scheme is best for you