What is the “2021 Vesting Event”?
- The 2021 Vesting Event is the allocation of Matched Shares to employees who still hold Acquired Shares from their participation in Shareplus 2018.
- It will occur on 6 April 2021.
- You will receive one Matched Share for every Acquired Share that you still hold from Shareplus 2018.
- Acquired Shares for the 2018 Plan Year were purchased in September 2018, December 2018, March 2019 and June 2019.
What do I need to do to receive my Matched Shares?
Nothing. Your Matched Shares will be automatically allocated to you.
Can I sell my Acquired Shares on 6 April 2021 without affecting my entitlement to Matched Shares?
Yes. The vesting date for the Matched Shares is 6 April 2021. Any Shareplus 2018 Acquired Shares you sell on or after 6 April will not affect your Matched Shares allocation.
What happens on 6 April 2021?
Your 2018 Matched Shares will be allocated to your Shareworks account.
In countries where withholding taxes apply to your Matched Shares, prior to allocation, the Plan Administrator will manage the sale of sufficient shares to cover withholding taxes (if any apply for you). The remaining Matched Shares will be allocated to your Shareworks account.
In Australia and Singapore, where no withholding taxes apply all of your Matched Shares will be allocated to your Shareworks account. You will settle the tax payable on Matched Shares via your individual tax return.
Refer to the Tax on Matched Shares section for further information.