Sharesave Schemes currently allow you to contribute a maximum of £500 per month. If you start a Sharesave contract and then cancel it before the maturity date, the amount of that cancelled monthly contribution will count towards your maximum, until the maturity date of the cancelled option is reached.
For example, if you joined the 2023 Sharesave 3 year plan and invested £250 per period and then subsequently cancel that plan you still will only be able to invest a maximum of £250 into any future plans until 2026, the date that the plan will mature.
Your savings, which are held with Lloyds Bank plc, are your own and are covered by the Financial Services Compensation Scheme (“FSCS”). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For further information about the scheme refer to the FSCS website www.fscs.org.uk or call the FSCS on telephone number +44 (0)207 741 4100 or 0800 678 1100.
Alternatively, log onto www.lloydsbank.com for further information about the compensation scheme.
Whatever reason you leave employment, Equiniti will contact you within 8 weeks of the date you leave.
If you leave the Company by reason of retirement*, injury*, disability*, redundancy or sale of the business or company employing you, you will normally be able to continue to save for 6 months and use your savings, plus any interest or bonus, to buy shares in Mitchells & Butlers plc at the option price within that period.
If you die, your personal representatives will be able to use your savings, plus any interest or bonus, to buy shares in Mitchells & Butlers plc for up to one year after your death if you die before the maturity date, or for up to one year after the maturity date if you die on or within 6 months of the maturity date.
If you leave the Company for any other reason, you will normally lose your option to buy Mitchells & Butlers plc shares at the option price. However in all leaver situations you may choose either to withdraw your savings, plus any interest, or except in the case of death, continue to save for the duration of your contract and receive your tax-free bonus.
*These reasons must either fall within the Company’s policy on retirement, injury or disability or be agreed in advance with the Company.