As the Global Share Plan program will not be renewed when the program expires on 31 December 2020, this month will be the last time your contribution to the GSP plan will be deducted from your salary. This will automatically stop from January 2021 onwards. For participants with blocked shares, you do not have to take immediate action in 2021. After 12 months shares are unblocked and become “actionable”, meaning you are able to sell them or transfer them to your own brokerage account.
From January 1st 2022, all shares will become “actionable” and you will then be requested to sell or transfer your shares. You will be informed about the desired actions and implications well in advance.
Please take a look at the below timeline for more information on the course of the program ending and consult the Global Share Plan FAQ on the Lovinklaan website.
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