‎Thales is launching its new employee shareholding plan: SharingThales 2024.

This offer is a new opportunity for you to become a Thales shareholder. You can benefit and be associated with the Group development by investing in Thales shares under preferential conditions. It is open to all employees of UK participating companies who were employed on or before the 24th August 2024.

So what are the features of this offer for the UK?

• Employees can purchase Thales shares with tax benefits
• You’ll receive 1 free matching share for every 2 partnership shares purchased* 
• Payment is by monthly instalments

You’ll purchase the shares at a price which will be the lower of the market price of the shares on 25 November 2024, and the market price on the date on which the shares are acquired by the Trustees on your behalf. That will be within 30 days of 31st March 2025.

You’ll receive one Matching Share for every 2 partnership shares purchased. For example, if the share price is around £130 (approx. €150), you could purchase 13 Partnership shares for the maximum investment of £1,800 and receive 4 matching shares totally free (taking into account the cap on matching shares of €500, rounded-up to the nearest whole share). 

Your investment will be directly deducted from your salary and will be taken before deduction of tax and national insurance contributions. You will not have to pay tax and NICs on the amount invested! 

Now before investing please note the following

You’ll pay your money (known as your investment) through four equal payroll deductions from December 2024 to March 2025 inclusive. This period is known as the accumulation period and you will be free to change your mind, stop payments or cancel your investment at any time during it.

The maximum investment level for this offer is either 10% of your salary, or £1,800, whichever is lower. 

To benefit from all tax advantages, you must keep your investment in the SIP for 5 years, until 2030.

Please ensure that you read the UK SIP Explanatory Guide, and at the time of investment, the Partnership Share Agreement to understand all the terms and conditions of the UK Share Incentive Plan.

What do you do if you want to take this opportunity?

Look out for your invitation email to subscribe which will be sent to you on 4th November 2024. This will come from ‘EquatePlus’ - the platform belonging to the SIP Trustees ‘Computershare’. The email will provide all the details you need on how to subscribe online. You will have until November 24, 2024 to make up your mind and subscribe.

Detailed information on the Plan and on the subscription process is available on sharingthales2024.thalesgroup.com website and in the Share Incentive Plan Explanatory Guide which can be reviewed or downloaded from the dedicated website.

Remember it’s your choice whether you wish to subscribe and you should also consider how much you can afford when deciding how much to invest.