The TSA enables you to hold shares in the Company electronically rather than keeping paper certificates. This means that you do not have to keep paper share certificates, making dealing and administration easier and avoiding the risk of paying for duplicates if certificates are lost.
You'll also get:
- Special dealing rate (1% on first £50,000, 0.25% on value over £50,000 –with a minimum £20 charge when shares are sold online). An up to date list of selling charges can be found on the Shareview website
- Real time online and telephone share dealing
- No annual fees for managing your shares
- Ways to track your shares online including up to date share price information
- Shares will appear in the TSA within two working days of buying them at the Option Price
- you’ll receive four statements a year if assets are held on your behalf in the TSA Service; and
- an email will be sent to the address associated with your Shareview Portfolio to let you know when each statement is available and how to access it.
If you’ve got existing share certificates and want to transfer all of your Tesco Ordinary Shares into the TSA, call +44 (0) 371 384 2977.
You can view your shares in the TSA at anytime, by logging into your Shares Portal account at shareview.co.uk/tesco.
For more information about this service, provided by Equiniti Financial Services Limited, please read the TSA Employee Guide that can be found in the Documents section when logged into the ESP Portal. Alternatively, call the Equiniti Helpline on +44 (0) 371 384 2976. Lines are open Monday to Friday (excluding public holidays in England and Wales) between 8.30am – 5.30pm (UK time).
If you subsequently wish to sell shares in the TSA Service, Tesco has made arrangements to do this through a separate arrangement with Equiniti Financial Services Limited via the Shareview Dealing Service.
Please note: Rates shown were current at the time of publication of this document, however, these are subject to change. To ensure that you are aware of the current applicable rates prior to dealing, please ensure that you have read the latest Terms and Conditions.
Things to consider
1 The Value of your shares
The value of ordinary shares in the Company and any income from them, can go down as well as up and therefore you may not receive in return the same amount of money you invested.
2 Your portfolio
The investments you hold in the TSA relate to Tesco PLC only, so should therefore be considered as a component of a balanced portfolio and is separate to other accounts you may hold elsewhere.
3 Savings performance
Past performance is no guide to future performance.
Equiniti Shareview Dealing Service
Through Shareview Dealing you may buy and sell your shares online or by phone. You will be told the current share price and the cost of the transaction. The current charges are:
You will pay the greater of:
| Online | Phone | |
|---|---|---|
| a) Minimum charge | £20 | £30 |
| b) % charge - applied to total value of shares when sold | 1% on first £50,000, plus 0.25% on the remainder above £50,000. | |
Please note: Rates shown were current at the time of publication of this document, however, these are subject to change. To ensure that you are aware of the current applicable rates prior to dealing, please ensure that you have read the latest Terms and Conditions.
This service is available to residents aged 18 or over in the UK only (including Isle of Man or the
Channel Islands).
To buy or sell your shares and access the latest Shareview Dealing Terms and Conditions:
shareview.co.uk/dealing
TelephSVDInfo +44 (0) 345 603 7037 during UK market hours 8.00am – 4.30pm, Monday to Friday (excluding
public holidays in England and Wales).
The Shareview Dealing Service may need to carry out an automated identity check in line with Financial
Conduct Authority (FCA) Regulations.
Occasionally shareholders cannot be identified, e.g. if they are not on the Electoral Roll, which can
delay the issue of your sale proceeds.
You can request that the sale proceeds are paid to your bank account. A check against an online
database
will be undertaken to confirm your
account details. Checks for employees who have held an account with the same bank for a long time can
still fail, as the bank may not have an authority
to disclose your details to any external company. If this check fails, you will be sent a cheque for
the
proceeds.
When you sell your shares, you may be liable for CGT.
Suitability and appropriateness
If you’re in any doubt about the suitability of the TSA, DRIP, or the investments held on your behalf,
you should consult an authorised financial adviser.
Neither Equiniti Financial Services Limited nor the Company will assess the suitability or
appropriateness of investments held for you or other services provided to you under the TSA or DRIP
Terms and Conditions and you’re not subject to the Financial Conduct Authority Rules on assessing
suitability and appropriateness.
You agree that you’ve not asked for or received any advice from Equiniti Financial Services Limited or
the Company and it is your decision to accept that the TSA and/or DRIP is suitable to your
requirements.
Nothing on this site constitutes financial or other professional advice. You should consult an
authorised financial adviser if you require financial advice.
Frequently asked questions
Your shares will be held in the name of Equiniti Corporate Nominees Limited though you will remain the beneficial owner of the shares.
Information about your account may be shared with the Company if they request it. The details of the shares held on your behalf will not be available for public inspection.
The company will generally make available financial information and give you the opportunity to instruct the nominee how you wish to vote, alternatively you may request to attend and vote at any Annual General Meeting or other General Meetings the Company may have from time to time.
You do not pay tax on any dividend income that falls within your Personal Allowance (the amount of income you can earn each year without paying tax). You also get a dividend allowance each year. You only pay tax on any dividend income above the dividend allowance. For further information please visit www.gov.uk/tax-on-dividends If you are required to, or choose to complete a self assessment tax return, you will need to include in your return the amounts of the dividends paid to you during the tax year.
You will also receive an Annual Dividend Confirmation each tax year for dividends paid to your nominated bank or building society account.
This fee ONLY applies if you’ve sold or transferred all your shares, where Equiniti continues to hold unclaimed payments for you about which it has previously notified you. Unclaimed payments are payments over twelve months old which have been issued to you but not been cashed and any unclaimed payments are shown on your TSA statement.
The fee is up to a maximum of £5 (incl VAT) per annum and you will be notified in advance of any fee being applied and given the opportunity to claim these funds (less any applicable reissue fee) before the management fee is applied.
You will receive a TSA statement by post when you join the TSA (within 10 working days of the shares being received into the TSA), and then on a quarterly basis a statement will be made available for you within your Shareview Portfolio showing the number of shares held for you.
