If you participate in the Share Incentive Plan (SIP), you are a Tesco shareholder. Therefore, you are entitled to receive the Special Dividend in respect of your SIP Shares that are held as at the Record Date, 12 February 2021. Your SIP Shares will also be consolidated (reduced) in the same way as shares held by other Tesco shareholders. For further information regarding this and the actions you may wish to take, please read the letter to SIP participants which can be accessed by clicking on the link below:
Letter to SIP participants (PDF) Change Dividend Choice User Guide (PDF) Shareholder Circular - Proposed Special Dividend and Share Consolidation (PDF)
If you are a Personal Representative of a former colleague who participated in the SIP, please read the letter to Personal Representatives which can be accessed by the clicking on the link below. Please note that Personal Representatives are not be able to submit voting instructions for the General Meeting, change dividend elections or access the Employee Share Plans Portal
Letter to Personal Representatives of SIP Participants (PDF)
In order to proceed with the Special Dividend and Share Consolidation, Tesco needs to obtain shareholders’ approval at a General Meeting. The Trustee of the Share Incentive Plan is the registered holder of shares in the SIP, and as a SIP participant, you are entitled to instruct The Trustee how to vote in respect of the Special Dividend and Share Consolidation in relation to shares held on your behalf. You can do this by lodging your voting instruction at www.sharevote.co.uk. In order to submit your instruction, you will need your Voting ID, Task ID and Shareholder Reference Number which are all set out in the cover email/letter sent to you.
Meeting Date: 10.30 a.m. (UK time) on 11 February 2021
Voting Deadline: Instructions must be received by Equiniti no later than 5.00 p.m. (UK time) 4 February 2021
Sharevote User Guide – SIP (PDF)
To view your SIP details on your Equiniti Employee Share Plans Portal account, please log in or register at www.shareview.co.uk/tesco