The discounted Option Price is:
£1.98
Your savings are taken from your pay after tax, every four weeks and put into an SAYE account (held by Barclays Bank plc) in your name. Your savings will start being taken from your pay in February 2021.
You can save between €12 and €500, every four weeks, for a three or five year savings period. The maximum amount that can be saved every four weeks across all schemes is €500.
* If you already participate in SAYE and want help to decide how much you can afford to save, details of your current SAYE schemes are available online through the ESP Portal - www.shareview.co.uk/clients/tescoireland. Although the maximum amount that can be saved every four weeks across all schemes is €500, if you’re saving into the 2015 five year scheme or the 2017 three year scheme and haven’t missed any payments, the amounts you’re saving into these schemes won’t count towards the €500 limit.
At the end of your saving period, you can buy shares at a discounted Option Price. This is set on the invitation date.
If your circumstances change at any point during your savings period, you can get all your money back.
If you leave Tesco at any time during your saving period because you’re made redundant, or retire, you may be able to buy a reduced number of Tesco shares within six months of leaving. If you leave Tesco for any other reason before the end of your saving period then you’ll get all your money back, or you can choose to carry on saving privately into your Save As You Earn account. However you won’t be able to buy shares at the discounted Option Price if you leave within three years of the option grant date.
You can miss up to 6 payments, but each one missed will mean your savings period is extended by a month, so your scheme will mature later. If you go on maternity leave, or are absent for a prolonged period of time, you can make payments by a direct cheque to the Tesco Ireland Payroll Team.
You can choose to save between €12 and €500 every four weeks. The amount you choose will be taken directly from your pay.
When you’ve chosen how much you’re going to save (between €12 and €500) and how long for (three or five years), you can use the calculator to see how much you'll have saved at the end!
Are there any risks?
Shares can go down in value as well as up, but in Save As You Earn your savings are protected. You’ll always get back what you’ve put in if you choose not to buy shares.
Are my savings safe?
Yes, as your savings are held with Lloyds Bank plc, they'll be covered by the UK’s 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 fscs.org.uk or call the FSCS on telephone number +44 20 7741 4100. A copy of the Financial Services Compensation Scheme (“FSCS”) fact sheet is available at www.shareview.co.uk/clients/tescoireland
Got a question?
Call the Tesco Shares Helpline on +44 121 415 0266 between 8.30am to 5pm, Monday to Friday, excluding public holidays in England and Wales.
You can also go to colleague-help.ourtesco.com
Choose between one of the two ways to join:
1 - Online:
Apply online at www.shareview.co.uk/clients/tescoireland and follow the on-screen instructions.
If you haven’t registered for the Equiniti Employee Share Plans (ESP) Portal, you’ll need your Employee Number (shown on your payslip) and your activation code printed on your Invitation Postcard (or provided in your Invitation email).
When you’ve submitted your application you’ll need to review your confirmation page and print or save it until you get your Option Certificate, which will be emailed to you in December.
2 - Telephone:
Call 1890 812 730* and follow the instructions.
At the end of the call please make a note of the confirmation number until you get your Option Certificate in the post.
* Please note that standard rates apply.
The discounted Option Price is:
£x.xx
Invitation date and discounted Option Price set.
5pm closing date for applications.
First money taken from your pay after tax.
Savings contract start date.
Three year saving scheme ends - shares available to buy at the discounted Option Price.
Five year saving scheme ends - shares available to buy at the discounted Option Price.
* Because of the nature of the share price displayed on the site, Equiniti can't verify whether it's accurate or up-to-date.
If Equiniti becomes aware that the end of day share price data isn't inaccurate or up-to-date then they'll remove it from the site or take other appropriate action.
Equiniti isn't responsible or liable for either the accuracy or availability of the share price data on the site.
You can save between €12-€500 every four weekly pay period.
If you save in other SAYE schemes, the maximum you can save in total is €500 every four weekly pay period.
1. Your total savings - at the end of your saving period
€
2. Number of Option Price shares you could buy with your savings
3. The potential value of these shares calculated at the Tesco share price you hope to see at maturity*
€
4. If you could choose to sell your shares immediately, you could make this amount of profit*
€
*based on the share price you have entered in step 3 above