Any former Tesco Staff here, Shares in success??

thunderb0lt

Hello

Just wondering whether any former Tesco staff can help/advise me with this.

I left my Tesco job a few weeks ago, I was under the impression that I would lose out on the free "shares in success" upon leaving my employment.

However, I have just received a letter from Equinti advising me that they have been informed that I have left Tesco. The letter stated that I have x amount of shares and I have two options:

Option 1: Instruct them to sell all the shares, the relevant Tax and NIC would be deducted through payroll.

Option 2: Instruct Equniti to transfer the shares, they will deduct the relevant amount and send me a certificate advising me of the amount of shares that I have.

This comes as a massive suprise that I thoguth I would lose out on this but apprently not. The money would come in very handy for me.

Now which option do I go for, ideally I want to sell the shares immediately but I don't want to go for option 1, the payroll option as I have already received my final payment including holiday payment. It seems that there is the possibility of complications with this (i.e. monies going through payroll).

I guess I will have to go for option 2 and get the tax/NIC deducted and once I receive the certificate I can immediately sell the shares.

Can anyone please confirm how they went about this.

Thanks in advance.