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Your Sharesave account is reaching maturity
Maturitychoicesexplained
1 March 2017 - 3 year Maturity
Contents
Sharesave Maturity
Maturity confirmation
Your JLL Sharesave account will mature on 1 March 2020 (assuming that all payments have been received by YBS Share Plans). In this brochure you’ll find everything you need to know about your maturing Sharesave account, the choices available to you and how to provide your instructions to YBS Share Plans.
You now need to decide what you’d like to do with the savings in your account and your choices, in brief, are as follows:
• buy JLL shares at the Option Price to either keep or sell in your own name or keep in your spouse/civil partner’s name; or
• not buy JLL shares and simply request a refund of your savings.
You don’t have to make your choice straight away however; you’ll have six months from the Maturity Date after which time your Option to buy shares at the fixed Option Price will lapse.
By viewing your account online at ybsshareplans.co.uk/jll you can see the current balance in your account as well as the maximum number of shares you’re able to buy at the ‘Option Price’ that was fixed at the time you were invited to join Sharesave.
For your convenience a maturity share dealing service is being provided for a limited period by Stocktrade (a division of Alliance Trust Savings Limited) which will allow you to sell some or all of your shares if you decide to exercise your Option and buy shares at maturity. You’ll find full details about the share dealing service being provided by Stocktrade in this booklet and online at ybsshareplans.co.uk/jll.
It’s your responsibility to monitor the exchange rate and price of JLL shares before deciding whether or not to buy any shares. At the time of writing the price of our shares as quoted on the New York Stock Exchange is higher than the fixed Option Price. However, there is no guarantee that this will still be the case by the time you sell your shares or hold them in your Morgan Stanley account.
Please ensure you read all the information before making your choice. If you need any further information or assistance, please call the YBS Share Plans Helpline on 0345 1200 300. Please note that YBS Share Plans and JLL will not be able to advise you on the best course of action for you in your particular circumstances. If you’re unsure about buying shares or your tax position, you should consult an Independent Financial Adviser.
JLL Sharesave Maturity
1 March 2017 - 3 year accountOption Price: $90.97
Sharesave Maturity
You’ve got choicesYou’re now invited to decide what you’d like to do with the savings in your Sharesave account.
The following choices are available to you:
Remember – you don’t have to make up your mind straight away. You’re able to buy shares at the fixed Option Price for up to six months following the Maturity Date. Please note that you’ll need to allow sufficient time for the processing of your instructions before your Option lapses and therefore it is recommended that you submit your instructions no later than 21 days prior to the Option Lapse Date shown on your online account.
Please note that, if you decide to exercise your Option and buy the shares, the exchange rate, value of your shares and any income from them can go down as well as up and that you may not recover the amount of your original investment. Past performance is no indication of future performance. It is recommended that you check the exchange rate and price of JLL shares regularly before deciding whether or not to buy shares at the fixed Option Price.
Exercise your Option to buy and keep some or all of the shares at the fixed Option Price and hold them in your Morgan Stanley account.Please note – you have the option to use this for your spouse/civil partner too.
1 Exercise your Option to buy some or all of the shares at the fixed Option Price and then sell some or all of them using the maturity share dealing service being offered by Stocktrade.
2 Take a refund of the savings in your Sharesave account and not buy any shares at the fixed Option Price.
3
Sharesave Maturity
How many shares can I buy?
This depends on how much you have saved, the Option Price and the applicable £/$ exchange rate at the time your option over JLL shares is exercised.
If you elect to exercise your option using the full savings balance in your Sharesave account, your total Sterling savings will be converted into US Dollars by JLL using the prevailing exchange rate at the time of exercise and then divided by the Option Price as fixed in Dollars.
Therefore you will not be able to determine the exact number of shares available to buy until the exercise process has been completed.
An example of how it worksThe maximum number of shares you can purchase was set at the time you joined the Sharesave Scheme and was determined by the monthly amount you chose to save at the start of the scheme, together with an exchange rate set at the outset.
The maximum number of shares you can exercise can be viewed when you log onto your online account.
If there is an outstanding balance once you have purchased your shares (this may arise if the exchange rate has worked in your favour), the cash balance will be credited to your salary as a tax free amount in the month following the date of share purchase. See examples on the next page.
Sharesave Maturity
ExamplesExample 1 – how the maximum number of shares you can buy is set at the outset
Using £50 a month over 3 years as an example your total savings at maturity will be £1,800.00.
This is calculated as: £50 x 36 months
You decide to use the funds to buy shares on 2 March 2020: The exchange rate set at the inception of plan (for purposes of calculating maximum number of share options allowed under plan) = £1:US $1.251. This is not the exchange rate that will apply for converting your savings into US$ at maturity. This is set at the date that your share option is exercised
Value of £1,800.00 at inception of plan = US $2,251.80
Maximum no. of shares at US $90.97 per share = 24 shares. This is the maximum number of shares you can purchase. This was set at the start of the scheme and will not change.
However, as JLL shares are on the US market, the amount you have saved needs to be converted from GB£ to US$ on the date you exercise. This could have a negative or positive impact on the US$ amount.
Example 2 – US dollar strengthens against the pound
Exchange rate set at 2 March 2020 = £1:US $1.20 (example)
Based on savings of £1,800.00 the value of contributions at 2 March 2020 = £1,800.00 x US $1.20 = US $2,160.
Therefore, you will not be able to purchase the full amount of shares under option (i.e. 24). Instead you can purchase as many shares as your savings allow.
The Option Price is $90.97 so the maximum number of shares you can purchase is US $2,160 /$90.97 = 23 shares. The residue of $67.69 would be converted to £ (assuming no change in exchange rate of £1:US $1.20), giving a cash balance of £56.40 which would be refunded to you, tax free, via payroll.
Example 3 – US dollar weakens against the pound
In the event that the US Dollar weakens against UK Sterling, then this could enable you to purchase the maximum number of shares and also could have an impact on any cash balance.
Exchange rate set at 2 March 2020 = £1:US $1.30 (example)
Based on savings of £1,800.00 the value of contributions at 2 March 2020 = £1,800 x US $1.30 = US $2,340.
The maximum number of shares was set at the inception of the plan, and is 24 shares. The cost of 24 shares at $90.97 is $2,183.28. The cash balance of $156.72 would be converted to Sterling at the prevailing rate and refunded to you, tax free, via payroll.
Sharesave Maturity
Your choices explained
Sharesave Maturity
Your option explainedIf you wish to buy and keep your JLL shares they will need to be held in either an existing or new Morgan Stanley (MS) account.
You can hold the shares in your own name or transfer them to a spouse/civil partner.
The shares you buy will be registered in your name (or spouse/civil partner) and deposited in an account with MS. If you (or your spouse/civil partner) already hold an account with MS please ensure you confirm the account number during the online closure process.
What you need to do nextLog onto ybsshareplans.co.uk/jll and select the maturing account.
Once in the account click on ‘Closure Options’ towards the bottom of the page and then on the following page click on ‘Exercise your Share option’.
You will then need to enter the monetary value to which you want to use to buy shares in the relevant box.
Follow the instructions on screen. Once you have submitted your instructions you will receive an email confirmation.
Submission of W8-Ben and IDUnless you already have a Share account, all Non US citizens or greencard holders must complete a W8-Ben and submit ID. This enables MS to open your account and deposit your shares into it and avoids any US tax withholding. You can download the W8-Ben form from ybsshareplans.co.uk/jll and must email it with a copy of your passport or driving license from your work address to: [email protected], copying in, [email protected] at the same time as you complete your option online with YBS. If you are not sure whether you already have an MS share account you should submit the documents to make certain that your instructions can be actioned.
Transferring to a spouse/civil partnerPlease note that if you transfer some or all your shares to a spouse/civil partner they will need to complete a W-8BEN form and send a scanned copy along with a copy of their passport or driving license from your work email address to [email protected] copying in [email protected]
Things to considerIt might be tax efficient to transfer your shares to a spouse or civil partner, for example to reduce potential Capital Gains Tax, which may arise from the sale of shares. It may also be tax efficient to transfer your shares to an ISA. You should take advice on these benefits from a Independent Financial Advisor or contact your local tax office.
1. Exercise your option to buy and keep shares
Important information
If a W-8BEN form and ID is not sent to MS at the same time as you complete your online instruction, this will inevitably cause a delay in the processing of your instruction for which MS, YBS Share Plans nor JLL cannot be held responsible.
Your MS AccountOnce MS receive all the required information to open your account including your option instruction from YBS, your/your spouse’s W8-Ben and ID they will open an account and deposit the shares. You will receive a statement in the post at the end of the month in which the account is opened confirming your holding. This will also provide all the information you will need to administer your account and contact MS if you wish to sell in the future.
Sharesave Maturity
Your option explainedIf you want to buy your JLL shares and sell some or all of them in your name then Stocktrade can provide this service for you.
What you need to do nextOnce you have made your choice, if you are wanting to sell in your own name, log onto ybsshareplans.co.uk/jll and select the maturing account.
Once in the account click on ‘Closure Options’ towards the bottom of the page and then on the following page click on ‘Exercise your Share option’.
You will then need to enter the monetary value to which you want to use to sell shares in the relevant box.
Follow the instructions on screen. Once you have submitted your instructions you will receive an email confirmation.
Things to considerTo be included in the first sale, you will need to submit your instructions to YBS Share Plans to arrive no later than Friday 21 February 2020. The latest date you can submit an instruction to use the Stocktrade Maturity Deal Service is Tuesday 17 March 2020. After this date this option will no longer be available. Stocktrade will charge you a flat fee of £20 for the sale of your shares of which YBS Share Plans will receive a £8.00 share to cover their administration costs. The sterling sale proceeds (minus the sale commission) will be paid directly into your UK bank account, details of which you will be asked to confirm online. Funds will clear into your account within five working days after the sale has completed subject to your own bank settlement procedures. The sale will take place in accordance with the Stocktrade Terms and Conditions found online, and you will be bound by these. As the agreement to sell your shares will be between you and Stocktrade please ensure that you read these carefully and if you have any queries in relation to these or the sale process please contact Stocktrade before submitting your instructions.
2. Exercise your option to buy some or all of the shares and sell them using the Stocktrade Maturity Dealing Service
As the sale process can take several weeks the share price and exchange rate will fluctuate during this time and therefore the sale price and exchange rate achieved will more than likely be different to what they are on the date of submitting your instructions. Neither YBS Share Plans, Stocktrade nor JLL can be held responsible for any fluctuations to these which are outside of their control. If you want more control over the sale price and exchange rate achieved you may wish to consider keeping the shares (Choice 1) and then selling using the Morgan Stanley sale facility (see ‘Selling your shares at a later date’).
Important information
Note: This option is only available in the first 4 batches. The latest date for submitting instructions is 17 March 2020. After this date only options 1 and 3 will remain available.
Sharesave Maturity
Your option explainedIf you want to receive your savings back without purchasing shares you can do so by calling the YBS Share Plans Helpline on 0345 1200 300 who will arrange for a cheque to be sent to your home address.
Things to considerWhat you do with your savings is your decision. YBS Share Plans, JLL, Stocktrade and/or Morgan Stanley cannot provide advice. You may want to clarify your tax position or seek financial guidance on how best to link together most efficiently the various choices available to you.
Share prices can fall as well as rise; you should check the price of JLL shares and the applicable exchange rate regularly just prior to deciding whether or not to buy the shares.
3. Choose not to purchase shares and receive a cheque for the full account proceeds
Sharesave Maturity
Important information
Sharesave Maturity
Residual balanceIf you decide to buy the shares there will often be a cash residue remaining after your savings have been used to buy the shares. This is because it’s very unlikely that your savings will divide exactly by the fixed Option Price.
Any residual balance will be exchanged back in to sterling and paid to you through your payroll at the earliest available opportunity following exercise.
Selling your shares at a later dateFollowing confirmation from Morgan Stanley that your shares have been deposited, you can then sell your shares using the Morgan Stanley sale facility. Should you wish to use this service please call Morgan Stanley on 001 312 419 3264.
The commission rate for this ongoing service is 0.5% of the gross sale proceeds. Morgan Stanley will action the sale according to your verbal authorisation. The sale will be executed at prevailing market rates or at a specified limit price based on your verbal instruction.
In order to transfer the proceeds in Sterling, Morgan Stanley must receive your signed SAYE Election Authorisation Form and a copy of your passport. Once your instructions have been received and confirmed by Morgan Stanley, your bank account should be credited with the Sterling equivalent of the US Dollar cash proceeds no later than 8 working days after the sale takes place, provided all forms are on file and approved by Morgan Stanley compliance.
You can of course use an alternative sharedealing service of your choice following confirmation that your shares have been deposited in your Morgan Stanley account. If you do not want to use Morgan Stanley, then you should contact them for the forms required to complete the transfer and they will make arrangements for the transfer of the share records.
Important information
Sharesave Maturity
TimingsIf you want to buy and sell your shares there are a number of sale dates. Sale instructions will be batched and processed on a weekly basis for the first 4 weeks until 17 March 2020 after which date the only choice will be to buy your shares and keep them in an MS account, where you can sell them at any time of your choosing. To exercise your option you have until 31 August 2020, a full timetable is shown on the following page.
If you want to sell some or all of your shares on the first available date, then Stocktrade can provide this service for you. To be included in the first sale, YBS Share Plans will need to receive your instructions no later than Friday 21 February 2020. Stocktrade will charge you a flat fee of £20 for the sale of your shares of which YBS Share Plans will receive a £8.00 share to cover their administration costs.
The sterling sale proceeds will be paid directly into your UK bank account, details of which you will be asked to confirm online. Funds will clear into your account within five working days after the sale has been completed subject to your own bank settlement procedures. The sale will take place in accordance with the Stocktrade Terms and Conditions, and you will be bound by these. As the agreement to sell your shares will be between you and Stocktrade please ensure that you read these carefully and if you have any queries in relation to these or the sale process please contact Stocktrade before submitting providing your instructions.
The table on the next page clarifies when YBS Share Plans need to receive your instructions, when they will close your account and forward our Sharesave account balance to JLL to cover the cost of your shares.
Important information
Sharesave Maturity
Important information
Deadline for receipt of keep or sell instructions at YBS Share Plans
YBS Share Plans close your Sharesave account and transfer the balance to JLL to cover cost of shares
Batch 1 Friday 21 February 2020 Monday 2 March 2020
Batch 2 Tuesday 3 March 2020 Wednesday 11 March 2020
Batch 3 Tuesday 10 March 2020 Wednesday 18 March 2020
Batch 4 Tuesday 17 March 2020 Wednesday 25 March 2020
Important information
There is no guaranteed date that the shares will be sold.
Stocktrade can only sell your shares once confirmation has been received from JLL that the shares have been allotted and the process to make them available for sale can take up to 15 working days from YBS Share Plans transferring your savings to JLL. Once sold, Stocktrade aim to transfer your sale proceeds to your nominated bank account within a further 5 working days. Therefore, in total the process can take around 15-20 working days. A contract note confirming details of the sale will be posted to the address provided with your instructions.
Please note all dates are subject to change. YBS Share Plans cannot be held responsible for any changes to advertised dates which are outside our control nor any resulting loss.
As the sale process can take several weeks the share price and exchange rate will fluctuate during this time and therefore the sale price and exchange rate achieved will more than likely be different to what they are on the date of submitting your instructions. Neither YBS Share Plans, Stocktrade nor JLL can be held responsible for any fluctuations to these which are outside of their control. If you want more control over the sale price and exchange rate achieved you may wish to consider keeping the shares (Choice 1) and then selling using the Morgan Stanley sale facility (see ‘Selling your shares at a later date’).
The opportunity to sell your shares using the service facilitated by Stocktrade is not available after 17 March 2020.
After 17 March 2020 if you wish to sell your shares, you will need to request to keep your shares and have them deposited in an account with Morgan Stanley. Requests to keep will be processed on a fortnightly basis on a Tuesday from 31 March 2020. You then have the choice to sell them, for more information on how to do this please see the Morgan Stanley section on the Contact Details page.
Option Lapse DateYour right to purchase shares expires on 31 August 2020 (the Option Lapse Date) unless you have deferred any payments (for more information please see the next page). After this date you will only have the option to receive a refund of your savings. If you want to exercise your option to buy shares you should submit your request at least 21 days before the Option Lapse Date.
Sharesave Maturity
Dealing restrictionsIf you have been notified by JLL that you are subject to its employee share dealing rules, you must comply with the requirements of those rules and seek clearance in accordance with the rules before proceeding with any transaction. All staff are subject to the general law regarding insider dealing e.g. dealing when in possession of inside information.
Missed any payments or leaving the company?If you’ve missed any payments during the savings period (up to a maximum of 12) your Maturity Date will be deferred by one month for every payment that you’ve missed and you’ll continue to have deductions taken from your pay until you’ve completed the three year savings contract. In these circumstances you’ll have six months from the deferred Maturity Date, in which to exercise your Option and buy your shares. Any instructions received in respect of a deferred maturity will be processed at the first available opportunity following your deferred Maturity Date. Please note if you have deferred any payments you will not be able to use the Stocktrade Maturity Dealing Service to sell your shares.
If you’re no longer an employee of JLL or leave after the Maturity Date but before you have bought your shares, you may not be able to buy your shares. This will depend on your reason for leaving and the date on which you left. If you’re in any doubt about whether you can buy any shares please contact the YBS Share Plans Helpline on 0345 1200 300. If you’re able to buy shares, you must do so within six months of leaving JLL or within six months of the Maturity Date, whichever event comes first.
What about tax?Under current legislation there is no Income Tax to pay as a result of buying your shares or taking your savings. You may however have to pay Capital Gains Tax (CGT) if you sell your shares at a profit (this is the difference between the cost of buying your shares and the price you sell them for minus any sale expenses). HM Revenue & Customs currently allows you to make a certain level of capital gains in each tax year without being taxed. If your gain (which must include any other profit you have made within the tax year) exceeds the annual exemption limit, you will have to pay tax on any gain above this limit. The CGT limit for the 2019/2020 tax year is £12,000.
Further information can be found on the HM Revenue & Customs website (hmrc.gov.uk).
Important information
Sharesave Maturity
Made up your mind?
Sharesave Maturity
You can now provide your maturity instructions online by visiting ybsshareplans.co.uk/jll.com
You’ll need to register to view your account online before you’re able to provide your instructions (unless you’ve already registered previously). You’ll need your Sharesave account number to hand and will be asked to provide some security information. Registration will only take a few minutes of your time. Once registered your login details will be sent to you through the post and you’ll then be able to provide your instructions.
Once you’ve logged in you’ll need to select the maturing Sharesave account in the account view section (please make sure the account number you select is the one that is maturing), click on ‘Closure Options’, make your choice and then follow the onscreen instructions to complete the process. You’ll receive an email confirmation once you’ve successfully submitted your instructions.
If you change your mind after you’ve submitted your instructions, please call the YBS Share Plans Helpline in the first instance on 0345 1200 300. Any change to your original instructions is likely to delay the date on which your instructions can be processed and will therefore delay receipt of your cash or shares. Further details will be provided at the time of calling.
Go online
Sharesave Maturity
YBS share plans
The JLL Sharesave Scheme is administrated by YBS Share Plans. If you have any queries about your Sharesave account, you may contact them by the following methods:
By postYBS Share Plans,Yorkshire Building Society,Yorkshire House,Yorkshire Drive, Bradford,BD5 8LJ.
By phoneBy calling the YBS Share Plan Helpline
0345 1200 300Lines are open Monday to Friday 8.30am-5.30pm, Saturday 9am-1pm (excluding public holidays in England and Wales).
Stocktrade
If you have any queries about the sale of your shares or the services offered by Stocktrade, you can contact them directly:
By postStocktrade, 7th Floor, Atria One, 144 Morrison Street, Edinburgh, EH3 8EX
By phoneBy calling the Stocktrade Company Services Department
0131 240 0412Lines are open Monday to Friday 8am to 4.30pm. Calls may be recorded for training and security purposes.
Stocktrade is a division of Alliance Trust Savings Limited, which is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.
Morgan Stanley
If you elect to hold your shares to sell at a later date and not use the service offered by Stocktrade, you will automatically have your shares deposited in an account at Morgan Stanley. In order to assist your account and any account-related activities, we continue to have a dedicated support team at Morgan Stanley (MS) in Chicago.
Nick Wilson is your direct point of contact. Please feel free to contact him directly with any questions or concerns regarding your MSw account or the possible sale of stock in the future.
Nick WilsonThe Gallagher GroupRegistered AssociateMorgan Stanley Wealth Management Willis Tower 233 S. Wacker Dr. Suite 8500 Chicago, IL 60606Direct: +1 (312) 419-3552Fax: +1 (312) [email protected]
Or the general telephone number: +1 312 419 3264. International call charges apply.
Contact details
Sharesave Maturity
In the event that YBS Share Plans receive instructions to exercise your option to buy your shares and then either keep or sell them and the JLL share price is lower than the Option Price at the time of closure, then YBS Share Plans reserve the right to cancel your instruction, close your Sharesave account and return your savings to you. In these circumstances your Option remains exercisable for a period of six months following your maturity date.
No information contained within this document or any accompanying document should be taken as providing any advice or as a recommendation to Exercise or not to Exercise your Option or, having exercised, to sell or not to sell your shares – the choice is yours. Neither JLL, YBS Share Plans, Morgan Stanley or Stocktrade can advise you on the best course of action for you in your particular circumstances.
Tax rules and legislation can change. Tax relief, which is referred to in this document, are those currently available and will depend upon your individual circumstances.
If you are in any doubt as to the legal, financial or taxation implications (including any Capital Gains Tax considerations and the collection of such taxes) for you of the Exercise of Options, and/or the subsequent sale of shares, or the suitability of the maturity share dealing service, you should seek the advice of a qualified Independent Financial Adviser duly authorised under the Financial Services and Markets Act 2000.
Please remember that the price of shares, and the income from them, can go down as well as up, and that you may not recover the amount originally invested.
In the event of conflict, the Sharesave Scheme rules and legislation take precedence and references to taxation consequences are for guidance only.
YBS Share Plans is part of Yorkshire Building Society.YBS Share Plans, Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.Tel: 0345 1200 300, Fax: 01274 357 950
ybsshareplans.co.uk
Yorkshire Building Society provides Share plan trustee administration services, including deposit taking, all of which are subject to English law, with deposit taking being regulated by the Financial Conduct Authority. The provision of share plan trustee
and administration services is not regulated by the Financial Conduct Authority. We are not responsible for Share plan deposits held by local savings carriers outside the UK.
Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register under registration number 106085.
Head Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
Yorkshire Building Society is a member of the Financial Ombudsman Service. Further details are available on request from the Society.
All communications with Yorkshire Building Society may be monitored/recorded to improve the quality of their service and for your protection and security. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.
General information
Sharesave Maturity
Q. What is a W-8 BEN form?A W-8 BEN Form is required if you are a Non US citizen or greencard holder and you want to keep your shares. It allows trading to take place without automatic deduction of US taxes. You can print the W-8BEN form directly from ybsshareplans.co.uk/jll and instructions on how to complete the form are also available online. If you are selling your shares immediately through the Stocktrade sale service they do not require you to complete a W-8BEN. If you are wanting to purchase the shares and keep them in your or your spouse/civil partner’s name then a scanned signed copy of the W-8BEN form is required (for you and/or your spouse/civil partner) and a copy of a Passport or Driving License.
You must email your W8-Ben along with ID directly to MS when you submit your options to YBS.
Q. How can I prove I own the shares?Once you have decided to purchase and keep the shares, and instructed YBS Share Plans, your share holding will be reflected on your Morgan Stanley statement.
Q. What are the benefits of giving shares to my spouse/civil partner?There may be advantages in gifting shares to your spouse/civil partner, for example to reduce potential Capital Gains Tax, which may arise from the sale of shares. You should take advice on these benefits from a professional tax adviser or contact your local tax office.
Q. I already have a share account with Morgan Stanley. Will I be given a new share account when my Sharesave shares are deposited?No. Morgan Stanley will deposit the shares in your existing account. Please ensure your account number is confirmed in your instructions.
Q. If I elect to have my savings returned to me on maturity, do I lose the option to purchase shares?No. Your option to buy shares remains in force for six months from the maturity date. If you wish to have your savings returned to you, you please call YBS Share Plans Helpline on 0345 1200 300. They will send you a cheque for your savings. If you subsequently decide you wish to purchase shares, you should contact YBS Share Plans as soon as possible so they can carry out the transaction.
Frequently asked questions
Sharesave Maturity
Sharesave Maturity
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