We all make a difference. That's why we reward you when we win together.
Your Shares: Matched is a simple new way to own shares and invest in our future together.
You'll find all the information you need on this page.
3-minute video for a high-level look at Your Shares: Matched.
Invest from as little as £5 per month*
For every share you buy up to £150 per quarter, we will give you an extra one for free!
Start, stop or change your investment at any time
Enjoy the benefits of owning part of our company
* To be converted to GBP to purchase shares.
Your Shares: Matched operates on a 'plan cycle' – giving you the opportunity to invest across 12 months. Invest each month from payroll and purchase shares the following quarter. See how this works below.
Enjoy flexibility – join, change, or stop investing anytime* during the May-April plan cycle to suit your needs.
Invest between the local equivalent of £5 and £150 each month from your pay after tax. For colleagues paid every two weeks or twice per month, the total monthly investment amount will be taken across two pay periods within each month. For colleagues paid every week, the total monthly investment amount will be taken across the first four pay periods within each month.
Your investment amount is converted to British Pounds and used to buy shares on your behalf each quarter (September, December, March and June) – these are your Investment Shares. For every Investment Share you buy (up to the first £150 each quarter), we give you one free Matching Share.
Matching Shares stay locked until 12 months after the final purchase in June. You can sell your Investment Shares anytime but selling before the linked Matching Shares unlock means losing these Matching Shares.
You're now free to sell some or all of your shares. Or keep them to enjoy the benefits of being a Rolls-Royce shareholder.
Taxes will be due on the value of the Matching Shares when they unlock – some of your shares will be sold automatically to meet the estimated amount of taxes.
*See the 'Stale Period' section of the Q&As for more information about some restrictions on when you can join the plan during certain times of the year.
US Retirement Eligible
For tax compliance reasons, retirement-eligible colleagues (that is colleagues aged 55 or over and with at least 10 years of service with Rolls-Royce) will instead have all their outstanding Matching Shares unlocked each December. For example, Matching Shares awarded in March, June, September and December 2026 will all unlock in December 2026). See the Q&As for more information.
Owning a part of Rolls-Royce brings benefits, meaning you can:
Your Shares: Matched is an investment plan with a match, where you can buy shares (known as "Investment Shares") from a net pay deduction. The payroll deductions will take place in line with your pay cycle (see 4.19 for more details), and the funds will be accumulated to purchase shares on a quarterly basis. The minimum monthly investment amount is the local equivalent of £5/month. For every Investment Share you buy Rolls-Royce will match this with a share (known as "Matching Shares"), up to a maximum investment of £150 per quarter.
You can choose to invest more – up to a total of £150/month, but anything above the £50 will not be matched – we are simply providing you with an easy way to buy Rolls-Royce shares. For example:
Example 1: You choose to invest £50 per month:
Example 2: You choose to invest £75 per month:
Your investment will be deducted from net pay in your local currency but as Rolls-Royce shares are traded on the London Stock Exchange, your investment will be converted into British Pounds (GBP).
The plan will operate on an annual cycle (a "plan year"). Each plan year will run from July to June, and the share purchase and matching will take place on a quarterly basis in September, December, March and June of each plan year (except, for the 2025/2026 Plan Year, purchase and matching will take place in December, March and June only). Your investment will continue to be deducted from your pay over the course of each quarter and the match of up to £50/month will apply, so the first £150 of your investment at each quarterly purchase will be matched.
Your Matching Shares are initially given as an 'Award', which is a promise to give you the shares later. In legal terms you are given a conditional right to own the shares at a point in the future provided certain conditions are met. The conditions attached to this award are that you have not sold the associated Investment Shares and have not left the Company by reason of resignation or dismissal by the time the Matching Shares unlock.
The Matching Shares will be locked one year after the final purchase in the plan year, at which point they will unlock. For 2025/26 only, shares will be purchased in December 2025, March 2026 and June 2026, with the linked Matching Shares will unlock in June 2027. From 2026 onwards shares will be purchased each September, December, March and June. Matching Shares will unlock in June the following year.
For any shares that you fully own (all Investment Shares and any unlocked Matching Shares) you can:
If you sell your Investment Shares before the corresponding Matching Shares unlock then the corresponding Matching Shares will lapse.
The plan is evergreen – so once you've signed up you will continue in the plan until you stop or change your contribution.
The detailed legal terms governing the operation of the share plan are set out in the underlying plan rules which can be found in 'Legal Documents'.
A share plan is a way for you to own part of the organisation you work for by owning shares. There are different features to different share plans, and Your Shares: Matched is one of our plans.
At Rolls-Royce, we're committed to building an inclusive workplace where all our colleagues feel valued and recognised for their role in our journey to become a high performing, competitive, resilient and growing organisation.
Your Shares: Matched allows you to invest some of your own money in our business, allowing you to experience the business as an investor. Our share price can go up as well as down, and exchange rates can fluctuate meaning that your investment may purchase less shares in some months than others. Only invest what you can afford.
Our Reward Team oversees Your Shares: Matched and has appointed a specialist Share Plan Administrator to administer it on our behalf – Equiniti Limited ('Equiniti'). They provide you with the tools you need – giving you access to your own online account to see and manage your shares.
If you were issued Your Shares: Gifted in September 2024, we used Fidelity Stock Plan Services to manage this plan. We've decided to run Your Shares: Matched as a global programme with Equiniti as the administrator. If you choose to join this plan you will therefore have two separate share accounts.
If you already have a Rolls-Royce account with Equiniti your shares will be added to your existing account. If you don't have an account, then we will create one for you.
Equiniti have been selected as the global Administrator for Your Shares: Matched.
If you received Your Shares: Gifted in September 2024, you'll have a separate share account with both Fidelity and Equiniti. However, Your Shares: Gifted will unlock in September 2025 (or December 2024 if you are retirement eligible see question 10.9) and from that point on, the shares you receive are yours to keep or sell as you wish. Your account with Fidelity is a regular brokerage account, so you can use it to trade Rolls-Royce shares and/or any others supported by Fidelity.
Your Equiniti account may only be used to view and trade the Rolls-Royce shares linked to Your Shares: Matched.
Like many other companies, Rolls-Royce is divided into shares. Each share is a part of the business's total value, so anyone who owns a share owns part of our organisation and is entitled to benefit from our future profits. Someone who owns a share is called a shareholder.
Share price risk: there is a risk that the Share price may fall or rise in value. This means there is a risk that the value you get back when you sell your shares may be less than the value that you invest. Many things impact the price of shares, including the external market and business performance. For more information in relation to the Company, including its Share price, visit shareholder information.
Currency risk and delays: if you are not paid in GBP then the value of the Shares to you may also be affected by movements in the exchange rate. There may also be an exchange rate risk in relation to any Plan-related currency that is not the currency of your jurisdiction. See section 6 for more details relating to exchange rate risk.
In deciding how much to invest in Your Shares: Matched you need to consider how much you can afford; your appetite to risk (see question 2.2 – what are the risks of investment in Rolls-Royce), and whether you want to invest more than the matching limit of £50/month.
Owning part of Rolls-Royce means you can:
The value of Rolls-Royce shares is decided by the stock market and how many people want to buy or sell our shares at any time. Our share price can go up or down based on various internal and external factors, including:
It's normal to see small variations in share prices throughout the day, and sometimes larger variations over time.
When we make a profit, some of that profit may be paid out to our shareholders – this is called a dividend. If a decision is taken to make dividend payments, all shareholders – including our colleagues with shares – are entitled to a part of these profits.
If Rolls-Royce decides to issue dividends you'll be eligible for these straight away on any Investment Shares that you've bought. However, you'll only receive dividends on the Matching Shares once they unlock. Any dividends received for Your Shares: Matched will automatically be reinvested into ordinary shares, which you'll be able to see in your shares account and which will be unlocked from the outset. This conversion process is managed on your behalf, so no action is needed by you – see questions (2.8 how will dividends work under Your Shares: Matched and 2.9 how much will I earn in dividends) for more details.
Depending on your jurisdiction dividends may be taxable, and settling this tax will be your responsibility. See the tax guide under the 'Resources' section for more information.
For more information about how Rolls-Royce makes distributions to shareholders visit shareholder information.
Anyone who owns a Rolls-Royce share can vote at shareholder meetings on important company matters, such as company policy and key decisions as to how the organisation is governed. This includes colleagues who own at least one share. Each share gives one vote, so the more shares you have, the more votes you have.
You'll be able to vote using your Investment Shares as soon as you have purchased them, but will only be able to vote using the Matched Shares once they unlock. We'll let you know when there's a vote that you can take part in.
If Rolls-Royce decide to make a dividend payment you'll be eligible to receive this on any of your Investment Shares under Your Shares: Matched. You'll only be eligible to receive dividends on Matching Shares once they have unlocked.
For any eligible shares, the cash dividend will be reinvested into ordinary Rolls-Royce shares and added to your account. Any remaining funds will be carried forward to the next dividend payment, and used to purchase shares at this point.
An example of the dividend reinvestment process is below:
How much of Rolls-Royce's profit you receive depends on many factors, including:
Dividend reinvestment shares will be worth the same per share as any other Rolls-Royce ordinary shares you may own.
The same restrictions apply to dividend reinvestment shares if you are on the Clearance Required List, you must obtain clearance to deal before selling your dividend reinvestment shares. You can submit a clearance to deal request through the Insidertrack app or web portal.
During a closed period (at least 30 days prior to the release of our full-year and half-year financial results) members of both the Clearance Required and Closed Period Lists are prohibited from making an investment decision in Rolls-Royce, therefore you will not be able to sell your dividend reinvestment shares during that period.
If you are unsure whether you need to seek clearance to deal or have questions regarding closed period restrictions, please check with our Governance Team at governanceteam@rolls-royce.com
See question 10.8 (How are dividends taxed?)
Your Shares: Matched will be rolled out to many of our global locations during 2025, starting with Germany and the UK in Q2 2025, followed by Canada and the US in Q3 2025. If you are not in one of these countries look out for more details later in 2025.
Employees who are globally mobile are not eligible to join, and neither are contractors or agency workers.
There are some global differences in relation to temporary workers which are driven by local legislation as follows:
You can't participate in Your Shares: Matched if you:
There are some global differences in relation to temporary workers which are driven by local legislation as follows:
Yes, and your minimum and maximum monthly investment amounts are the same as for all other employees.
Colleagues who are on international assignment are not eligible to participate in the plan. This is because the tax implications are complex and the cost of managing this will often outweigh the benefit of being in the plan.
You can contribute so long as you are receiving a salary via payroll. If you are on zero pay or if your salary drops below the minimum wage regulations in your location you will not be able to invest. As soon as your salary increases to above the minimum wage regulations in your location you will automatically start to contribute again.
No – so long as you meet the eligibility requirements you can participate in the plan.
Our specialist Share Plan Administrator, Equiniti, will contact you within a few weeks of joining to let you know how to access your account and how to join the plan.
If you are on the Clearance Required List, you must obtain clearance to deal before registering to participate. You can submit a clearance to deal request through the Insidertrack app or web portal.
During a closed period (at least 30 days prior to the release of our full-year and half-year financial results) members of both the Clearance Required and Closed Period Lists are prohibited from making an investment decision in Rolls-Royce, therefore you will not be able to join, leave or alter your contribution to Your Shares: Matched.
If you are unsure whether you need to seek clearance to deal or have questions regarding closed period restrictions, please check with our Governance Team at governanceteam@rolls-royce.com
Initially we are launching Your Shares: Matched in a small number of countries ‐ Germany and the UK, followed by the US and Canada. The plan will then launch in a phased manner in most of our other locations. We'll communicate with you directly when we launch the plan in your location.
To avoid a complicated tax position, we are aiming to settle any of your locked Matching Shares as a taxable payment equivalent to the value of the shares before you leave your original location. Any shares that you have purchased and any vested Matching Shares will remain in your account for you to sell or transfer whenever you choose.
Your Shares: Matched is an investment plan with a match, where you are able to buy shares (known as "Investment Shares") from a net pay deduction. The payroll deductions will take place in line with your pay cycle (see 4.19 for more details), and the funds will be accumulated to purchase shares on a quarterly basis. The minimum monthly investment amount is the local equivalent of £5/month. For every Investment Share you buy Rolls-Royce will match this with a share (known as "Matching Shares"), up to a maximum investment of £150 per quarter.
You can choose to invest more – up to a total of £150/month, but anything above the £150/quarter will not be matched – we are simply providing you with an easy way to buy Rolls-Royce shares. For example:
Example 1: You choose to invest £50 per month:
Example 2: You choose to invest £75 per month:
The plan will operate on an annual cycle. Shares will be purchased each quarter, and the Matching Shares added to your account each quarter. Your Matching Shares are initially given as an 'Award', which is a promise to give you the shares later. In legal terms you are given a conditional right to own the shares at a point in the future provided certain conditions are met. The only conditions attached to this award are that you are still employed when the shares unlock, and you have not sold any of the linked Investment Shares (shares you have purchased) prior to the date the Matched Shares unlock. If you leave you may be able to keep some of your Matching Shares – see section 8 for more details.
The Matching Shares will be locked until one year after the final purchase in the plan year, at which point they will unlock.
For the 2025/2026 Plan Year, shares will be purchased in December 2025, March 2026 and June 2026. Matching Shares will unlock in June 2027.
From the 2026/2027 Plan Year onwards, shares will be purchased in September, December, March and June. Matching Shares will unlock in June the following year.
When the Matching Shares unlock you will fully own them, and you can:
If you sell your Investment Shares before the corresponding Matching Shares unlock then the corresponding Matching Shares will lapse.
The plan is evergreen – so once you've signed you will continue in the plan until you stop or change your contribution.
The detailed legal terms governing the operation of the share plan are set out in the underlying plan rules which can be found in 'Legal Documents'.
A matching plan is a type of share plan where you can invest some of your own money in Company shares, and the Company that you work for will 'match' your investment. The structure of plans such as this will vary, but we are offering a 'buy one get one free' arrangement, whereby every share that you buy will be matched by Rolls-Royce, up to a maximum value of £150 per quarter.
The plan will operate on an annual cycle, with shares purchased each quarter, and Matching Shares allocated. The Matching Shares will be locked until one year after the final purchase of the plan year, at which point they will unlock.
From the 2026/2027 Plan Year onwards, shares will be purchased in September, December, March and June. Matching Shares will unlock in June the following year.
In deciding how much to invest in Your Shares: Matched you need to consider how much you can afford; your appetite to risk (see question 2.2 – what are the risks of investment in Rolls-Royce), and whether you want to invest more than the matching limit. The minimum required monthly investment amount is the local equivalent of £5/month.
If you do decide to participate, Rolls-Royce will match each share that you buy with one share for free, up to a maximum investment of £150 per quarter.
You can choose to invest more – up to the local equivalent of £150/month, but anything above the £150/quarter will not be matched – we are simply providing you with an easy way to buy Rolls-Royce shares. For example:
Example 1: You choose to invest £50 per month:
Example 2: You choose to invest £75 per month:
Rolls-Royce will match the first £150 that you invest each quarter. So, if you invest £50 per month and the share price is £5, you will purchase 30 shares and will be matched 30 shares.
If you invest above the matching limit, you only receive a match on the first £150 invested per quarter. So, if you invest £60 per month and the share price is £5, you will purchase 36 shares and will receive a match on the first £150, so will receive 30 Matching Shares.
You can choose to invest more that the matching limit – up to the local equivalent of £150 / month, but anything above £150 per quarter will not be matched – we are simply providing you with an easy way to buy Rolls-Royce shares.
There are two separate fees associated with the purchase of the Investment Shares – but you only pay one of them:
Yes. You are investing your own money in shares, and the investment will be subject to both share price risk and currency risk.
Share price risk: there is a risk that the share price may fall or rise in value. This means there is a risk that the value you get back when you sell your shares may be less than the value that you invest. Many things impact the price of shares, including the external market and business performance. For more information in relation to the Company, including its share price, visit shareholder information.
Currency risk and delays: if you are not paid in GBP then the value of the shares to you may also be affected by movements in the exchange rate. There may also be an exchange rate risk in relation to any Plan-related currency that is not the currency of your jurisdiction. See section 6 for more details relating to exchange rate risk.
For more information about the exchange rate risk see questions 6.6 (is my investment subject to exchange rate risk when I buy shares) and 6.7 (is my investment subject to exchange rate risk when I sell shares?).
Except for when we're in a Stale Period (see section 15 for more details) you have until midnight UK time on 20th of the month to stop, start or change your monthly investment, and this will then take effect the following month.
Example 1
Example 2:
You have until midnight UK time on 20th of the month to stop, start or change your monthly investment, and this will then take effect the following month. Your shares will then be purchased per the schedule detailed in question 4.8.
Any Matching Shares will unlock one year after the final purchase in the plan year as long as you are still employed, and any linked Investment Shares have not been sold. Once unlocked you can choose to keep the shares or sell them.
In most locations the value of the Matching Shares will be taxable when the shares unlock. Each country has its own regulations on taxing shares, so the amount of tax due, as well as how and when it's payable, varies from country to country.
In most countries, Rolls-Royce as your employer has a legal duty to report to the tax authority about shares you hold. We may also be required to sell some of your shares to pay any taxes due on the shares when they are unlocked.
In some countries, you may need to report your unlocked shares as taxable income in your tax return or tell your tax authority about your shares.
For more detailed information about the tax rules in your country, see section 10. Tax, and also review your country tax guide in the 'Resources' section of the Hub. These will help you understand your country's tax requirements and your personal tax obligations. Please note there could be future changes in your country's tax laws, which could impact you in relation to your shares.
Due to global tax regulations Equiniti may have to share some information with global tax authorities. This is due to MiFIDII and FATCA regulations. To find out more visit Equiniti's support page.
No – the plan is evergreen, meaning that once you register to participate you will remain in the plan until you decide to stop participating.
Except for when we're in a Stale Period (see section 15 for more details) – you can stop, start or change your investment at any time. However, you need to make changes by midnight UK time on 20th of the month, for the changes to be made in the earliest possible salary in the following month. For example:
Example 1:
Example 2:
Due to payroll cutoff dates, it may be that your instruction is not carried out until after the first pay date in the relevant month.
In the US there are certain restrictions relating to when you can join Your Shares: Matched due to the Stale Periods. For more information on Stale Periods and the impact that this has on when you can stop, start or change your deduction see question (15.1).
Yes, you can stop, start or change your investment most of the time. However, there are some periods (known as Stale Periods) when there are certain restrictions on when you can join.
For more information on Stale Periods and the impact that this has on when you can join the plan see question 15.1.
It is likely that there will be some money left after the shares have been purchased – this is because the amount you invest is unlikely to purchase an exact whole number of shares. Any money left over will be carried forward and added to your investment for the next share purchase. For example:
You can sell your Investment Shares at any time – but there are implications for your locked Matching Shares if you sell linked Investment Shares before they unlock. For example:
If you invest more than £50 per month, if you choose to sell any of your Investment Shares before your linked Matching Shares unlocked, then your Investment Shares will be sold in the following order:
For example, with an investment of £75 per month:
If you sell shares from Your Shares: Matched, then: 1) any unlocked Matching Shares and any Investment Shares not linked to locked Matching Shares will be sold first. If you sell a higher number of shares than the number available from 1), then: 2) Investment Shares which are linked to locked Matching Shares will be sold, which will lead to you losing any linked locked Matching Shares.
When you sell your shares a report will be available that will detail all of the information needed for tax reporting (including for capital gains tax purposes).
Yes – once your Matching Shares are unlocked you can choose to sell your Matching Shares and the Investment Shares which were linked to them, without leading to any of the Matching Shares being lost.
No. You will get a match which equates to the number of shares that you have purchased in that quarter up to a maximum of £150. So, for example, if you invest £150 in the quarter and the share price is £5.50, you will purchase 27 shares and will receive a match of 27 shares (which is valued at £148.50).
If you wish to join Your Shares: Matched, you will make your investment request on the Equiniti portal and you will be asked to enter a monthly contribution amount, in your local currency. If you are not paid monthly, the monthly contribution amount you have selected will be collected across multiple paydays within each month.
For example, if your local currency is US Dollars and you elect to contribute $100 per month;
Your deductions will then be transferred to Equiniti and converted into British Pounds (GBP) on a monthly basis.
Look out for an e-mail over the coming weeks inviting you to join the plan. You'll need to activate your Equiniti account using the details on the e-mail. Once you have an account you can access it via single sign on – see the 'Your account' section for the single sign on link, and a registration 'how to' guide.
It is very important that you add a personal e-mail address to your Equiniti account to ensure that you are you kept up to date in relation to Your Shares: Matched if you leave employment and so no longer have access to your Rolls-Royce email address.
In the US you cannot join the plan during a Stale Period (usually January, February, and August). For more information on Stale Periods and the impact that this has on when you can join the plan see question 15.1.
If you are a new joiner, see question 5.1. If you are an existing employee, then go to the 'Your account' section of this site and access the Equiniti account using the single sign on link. If you haven't activated your account previously, you'll need to do this. You can then register to be part of the plan. Registration and sign-up 'how-to' guides can be found in the 'Resources' section.
The plan is an evergreen plan – which means that once you have signed up you will continue in the plan with the same deduction every month until you stop or change this.
In the US you cannot join the plan during a Stale Period (usually January, February, and August). For more information on Stale Periods and the impact that this has on when you can join the plan see question 15.1.
You can sign up to the plan, and stop, start, or change your deductions at any time. However, you need to make changes by midnight UK time on 20th of the month, for the changes to be made in the following months' salary. For example:
Example 1:
Example 2:
Due to payroll cutoff dates, it may be that your instruction is not carried out until after the first pay date in the relevant month.
In the US there are some restrictions on joining the plan during a Stale Period (usually January, February, and August). For more information on Stale Periods and the impact, see question 15.1
No – the plan is evergreen, which means that once you have signed up you will continue participating in the plan with the same deduction every month until you stop or change this.
If you work in a factory in Germany, the US or the UK and you don't have regular access to e-mail you will receive a letter to your home address.
If you are not in Germany or the UK and either don't have an e-mail address or don't have regular access to e-mail please go to the 'Support' section and raise a query via the 'Contact us' form.
You can stop or change your contributions at any time. However, in the US there are some restrictions on joining the plan during a Stale Period (usually January, February, and August). For more information on Stale Periods and the impact, see question 15.1.
No, once the monthly deadline has passed then you cannot change your mind for that month. You can of course make changes (including stopping your investment) for future months, or sell your Investment Shares, see question 7.1.
We will use the average exchange rate in the month prior to the launch of the plan year to calculate both the maximum and minimum local currency investment amounts. This will be reviewed annually, and if there is a significant change in the exchange rate we will adjust the maximum local currency investment amount. It is important to note that the exchange rate used to set the maximum and minimum local currency values is not the same as the exchange rate which will be used each month to convert your payroll deduction into GBP (see question 6.6 for the details of the payroll deduction conversion).
There will be an annual review of exchange rates, and if there is a significant change we will adjust the local currency investment maximum. We will not adjust the minimum investment amount.
If the review of exchange rates leads to:
The minimum investment will remain unchanged.
Each month, your local currency investment will be converted into GBP, at the foreign exchange rate applicable at that time. Your GBP contribution amount will be matched by Rolls-Royce up to a maximum of GBP 150/quarter. Any GBP contribution above GBP 150/quarter will be invested but will not be matched.
If you are not paid in GBP the exchange rate will impact the plan in multiple ways:
Yes. Each month you will have a local salary deduction, and this money is then transferred into GBP using the exchange rate at the time, plus 1.5% commission. This will mean that the same deduction in local currency will deliver a different value in GBP from month to month, which will mean that even if the share price remains the same you are able to buy more/less shares in that purchase.
Yes. When you sell your shares they will be sold in GBP. The current exchange rate + 1.5% fee will then be used to transfer the funds into local currency, and this will then be transferred to your local bank account. For example:
You can sell your Investment Shares at any time – but there are implications for your locked Matching Shares if you sell linked Investment Shares before they unlock.
For example:
If you invest more than £50 per month, if you choose to sell any of your Investment Shares before your linked Matching Shares unlocked, then your Investment Shares will be sold in the following order:
For example, with an investment of £75 per month:
Your Matching Shares are initially given as an 'Award', which is a promise to give you the shares later. In legal terms you are given a conditional right to receive the shares at a point in the future – in the case of Your Shares: Matched, this is one year after the final purchase in the plan year.
Once your Matching Shares have unlocked you can sell or transfer them at any time.
Yes, once your Matching Shares have unlocked you can sell them at any time, with no implication for your Investment Shares.
You can view the share price of shares sold on the Portal by accessing the 'Sales' section and then the 'History' tab.
Yes. If you sell your shares the costs are taken from the sale amount, meaning you'll receive the value of the shares you've sold, minus any costs. If you transfer your shares you'll pay a transaction fee. Details of these fees will be made available to you before your shares unlock and before you instruct any transaction.
Any fees associated with the sale or transfer of shares are payable to Equiniti. Rolls-Royce does not take any fees from colleagues in connection with these.
You may also be liable for taxes, depending on where you live and your personal circumstances. See section 10. Tax for more information.
You will need to enter your bank details when you instruct the sale. There is a charge of £10 for the transfer of funds to a non-UK bank account.
This will be visible on your account under 'Transactions'.
Yes. When you sell your shares they will be sold in GBP. The current exchange rate + 1.5% fee will then be used to transfer the funds into local currency, and this will then be transferred to your local bank account. For example:
If you're on paid leave and you continue to be paid via payroll you can continue to participate in Your Shares: Matched. If your investment takes your salary below the minimum wage in your location then depending on the rules in your location your investment may be reduced in line with this.
No matter what your leaving reason, the following shares are yours to keep:
What happens to any locked Matching Shares depends on your leaving reason. The position is as set out below:
| Favourable leaver ('good' leaver) | Unfavourable leaver ('bad' leaver) |
|---|---|
|
|
|
|
If you are a favourable leaver then some of your Matching Shares may automatically be sold to cover your estimated tax and social security liability – see the employee tax guides under the 'Resources' section to find out the position for your location and look at section 10. Tax. Remember the information provided is only a guide – tax regulations can be complex, and responsibility is personal to you. If you need additional support or are in any doubt over the specific regulations in your location, please consult a qualified tax advisor.
All communication will be via e-mail. Make sure you register your personal e-mail address on your EQ account before you leave. To do this log on to the portal and click on 'view' within the Your Shares: Gifted and Matched section. Once you've accessed this screen, there will be a pop up box asking you to confirm your personal e-mail address. Click on 'add e-mail' at the bottom of this pop-up, click on the 'edit' icon next to 'account info' and then add your personal e-mail address.
It is very important that you update your e-mail address or you will not receive any communications once you've left Rolls-Royce.
So long as there are sufficient funds in your final salary, your payroll deduction will be taken as normal and transferred to Equiniti, and it will be used to purchase shares – even if the purchase takes place after you have left. The match will be applied.
If you leave as a favourable leaver any locked shares will be unlocked within approximately 3 months. In countries where Rolls-Royce is required to withhold tax on the value of unlocked Matching Shares, some of your shares will be sold to cover this tax liability, and the remainder of the shares are yours. See the tax guides in the 'Resources' section to understand more about the tax position in your location, and any obligations that you may have.
If you have locked Matching Shares and are a favourable leaver, your Matching Shares will unlock see 8.5. Once all shares are unlocked, Equiniti will contact you to let you know that you have 90 days to either sell all of your shares (your Investment Shares and your unlocked Matching Shares), or transfer them to a broker account of your choice – see question 11.6 for more details. If after 90 days you have taken no action, all of your shares within Your Shares: Matched will be sold, and the cash funds transferred to you. Make sure you update your bank details on your Equiniti account before you leave – see the 'How To' guide in the Resources section for details of how to do this.
Make sure you keep your personal email address up to date on your Equiniti account so that Equiniti may contact you to confirm your choices and the deadlines for deciding.
Different countries have their own rules on requirements for calculating, reporting and paying tax obligations in respect of shares.
Depending on your location some of your shares may automatically be sold to cover your estimated tax and social security liability on the value of unlocked Matching Shares – see the employee tax guides under the 'Resources' section to find out the position for your location, and also look at section 10. Tax. Remember the information provided is only a guide – tax regulations can be complex and responsibility is personal to you. If you need additional support or are in any doubt over the specific regulations in your location, please consult a qualified tax advisor.
Please note that neither Equiniti Share Plan Trustees Limited, Equiniti Limited nor Rolls-Royce may offer personal tax or financial advice.
There may be a residual cash balance left over from your monthly purchases, this balance will always be less than the price of one share (for example, if you invest £50 per month and the share price when you purchase them is £4.80, you will purchase 10 shares, and there will be a £2 residual balance). When you leave any residual balance will be donated to the chosen charity of Rolls-Royce at the time.
See the 'How To' guide in the 'Resources' section for details of how to update your bank details.
Yes. If you still have shares, you're a Rolls-Royce shareholder, and entitled to receive dividends whenever we decide to make them. Any applicable fees will continue to apply.
You will be able to re-join Your Shares: Matched.
Your unlocked account will be paid in accordance with the beneficiary designation provision for your basic life insurance under the Welfare Benefits Plan (or, if you have no such coverage, to your estate).
When we make a profit, some of that profit may be paid out to our shareholders – this is called a dividend. If a decision is taken to make dividend payments, all shareholders – including our colleagues with shares – are entitled to a part of these profits.
If Rolls-Royce decides to issue dividends you'll be eligible for these straight away on any Investment Shares that you've bought. However, you'll only receive dividends on the Matching Shares once they unlock. Any dividends received for Your Shares: Matched will automatically be reinvested into ordinary shares, which you'll be able to see in your shares account and which will be unlocked from the outset. This conversion process is managed on your behalf, so no action is needed by you – see questions (2.8 how will dividends work under Your Shares: Matched) and (2.9 how much will I earn in dividends) for more details.
Depending on your jurisdiction dividends may be taxable, and settling this tax will be your responsibility. See the tax guide under the 'Resources' section for more information.
For more information about how Rolls-Royce makes distributions to shareholders visit shareholder information.
Anyone who owns a Rolls-Royce share can vote at shareholder meeting on important company matters, such as company policy and key decisions as to how the organisation is governed. This includes colleagues who own at least one share. Each share gives one vote, so the more shares you have, the more votes you have.
You'll be able to vote using your Investment Shares as soon as you have purchased them, but will only be able to vote using the Matched Shares once they unlock. We'll let you know when there's a vote that you can take part in.
If Rolls-Royce decide to pay dividends you'll be eligible to receive them on any of your Investment Shares under Your Shares: Matched. You'll only be eligible to receive shareholder distributions on Matching Shares once they have unlocked.
If you leave your shares in your account, your cash dividend will be reinvested into ordinary Rolls-Royce shares, known as 'dividend reinvestment shares'. These shares will be added to your account, and any remaining funds will be carried forward to the next issue of dividends. You do not need to do anything to instruct this process – it will be managed on your behalf. See question 2.8 for more details.
An example of the dividend process is below:
How much of Rolls-Royce's profit you receive depends on many factors, including:
Dividend reinvestment Shares will be worth the same per share as any other Rolls-Royce ordinary shares you may own.
The same restrictions apply to dividend reinvestment shares if you are on the Clearance Required List, you must obtain clearance to deal before selling your dividend reinvestment shares. You can submit a clearance to deal request through the Insidertrack app or web portal.
During a closed period (at least 30 days prior to the release of our full-year and half-year financial results) members of both the Clearance Required and Closed Period Lists are prohibited from making an investment decision in Rolls-Royce, therefore you will not be able to sell your dividend reinvestment shares during that period.
If you are unsure whether you need to seek clearance to deal or have questions regarding closed period restrictions, please check with our Governance Team at governanceteam@rolls-royce.com
See question 10.8
In most countries there are no tax advantages to Your Shares: Matched. This means that in most locations, income tax, social security and any other applicable local taxes will be due on the value of the Matching Shares when they are unlocked. For more information relating to tax in your location, go to the tax sheets in the 'Resources' section.
Tax is not within our control – this is determined by where you live. Each country has its own regulations on taxing shares, so the amount of tax due, as well as how and when it's payable, varies from country to country.
In most countries, Rolls-Royce as your employer has a legal duty to report to the tax authority about shares you hold. We may also be required to sell some of your Matching Shares to pay any taxes due on the shares when they are unlocked.
In some countries, you may need to report your unlocked shares as taxable income in your tax return or tell your tax authority about your shares.
For more detailed information about the tax rules in your country, see your country tax guide in the 'Resources' section of the Hub. These will help you understand your country's tax requirements and your personal tax obligations. Please note there could be future changes in your country's tax laws, which could impact you in relation to your shares.
Due to global tax regulations Equiniti may have to share some information with global tax authorities when your shares are unlocked. This is due to MiFID II and FATCA regulations. To find out more visit Equiniti's support page.
For more detailed information about the rules per country, see your country tax guide in the 'Resources' section of the Hub. There could be future changes in country laws, which could impact or change the reporting requirements you may have.
Many countries have their own rules on reporting shares, especially shares in a foreign organisation and/or shares held outside the country.
For more detailed information about the rules per country, see your country tax guide in the 'Resources' section of the Hub. There could be future changes in country laws, which could impact or change the reporting requirements you may have.
If the value of the shares increases between when:
Please visit your country tax guide in the 'Resources' section of the Hub for more information about taxes and your obligations.
The rules in relation to Capital Gains Tax vary from country to country. Please visit your country tax guide in the 'Resources' section of the Hub for more information about taxes and your obligations.
You'll be able to find all of the information you need in order to calculate any local CGT liability in your Equiniti account – you will be able access the report in the left hand menu of your account. This will include;
Many countries have their own rules on reporting shares, especially shares in a foreign organisation and/or shares held outside the country.
For more detailed information about the rules per country, see your country tax guide in the 'Resources' section of the Hub. There could be future changes in country laws, which could impact or change the reporting requirements you may have.
Tax is complex and personal. If after having checked all answers in this Tax section as well as reading your country tax guide in the 'Resources' section of the Hub, you still have concerns about tax, you should contact a qualified financial and/or tax advisor.
For more detailed information about the tax position in your country, including how dividends are taxed, see your country tax guide in the 'Resources' section of the Hub. There could be future changes in country laws, which could impact or change the reporting requirements you may have.
Tax regulations in the US require payment of social security and Medicare taxes (referred to as 'FICA' taxes) as soon as you are eligible to retire, even if you do not retire from employment until a later date. In Rolls-Royce, retirement eligible is defined as being 55 years old with 10 or more years of service which means that once you reach this age and service level, FICA taxes are due on your shares. To comply with these requirements, Your Shares: Matched will operate slightly differently for employees who are age 55 or older with 10 or more years of service – rather than the Matching Shares unlocking one year after the final purchase in any plan year, they will unlock in December each year. This allows us to settle your taxes within the necessary period to comply with the tax laws.
Therefore, if you join Your Shares: Matched in 2025, all Matching Shares you are awarded up to and including December 2025 will unlock in December 2025. Similarly, all Matching Shares you are awarded during 2026 will unlock in December 2026.
Once your Matching Shares are unlocked, you may sell them and the linked Investment Shares without causing a lapse of the Matching Shares.
You can view your shares and stop or change your investment in your Equiniti account at any time. You will be able to see how many shares you have, their estimated current worth and, if your shares are locked, how long you need to wait until they unlock.
However, in the US there are some restrictions on joining the plan during a Stale Period (usually January, February, and August). For more information on Stale Periods and the impact, see question 15.1.
You'll receive updates and notifications from Equiniti by email or through their portal. To make sure you get these updates, keep your contact details up to date on the portal. This is particularly important if you don't have a Rolls-Royce work email and use a personal email address. See question 8.3 for instructions relating to how to add your e-mail address.
Yes, you can sell your Investment Shares at any time – though depending on your monthly investment level this may cause some of your locked Matching Shares to be lost – see question 7.1 for more detail.
Once your Matching Shares have unlocked and any applicable taxes have been settled (see section 10. Tax), you can sell or transfer both your Investment Shares and Matching Shares at any time.
There is no locked period for dividend reInvestment Shares so you can sell them at any time from the moment you receive them. See section 9: Dividends, for more detail about Dividends and any tax implications that they may have.
When you sell your shares, it needs to be in line with our Inside Information and Share Dealing Group Policy.
This will be visible on your account under 'Transactions'.
This will be visible on your account under 'Transactions'.
Yes, you can transfer any unlinked investment or unlocked Matching Shares into a different brokerage account at any time. You should first check that your preferred bank or broker are able to receive your shares from Equiniti.
The process is two way – you need to instruct Equiniti to transfer the shares. Equiniti will then contact the broker that you want to transfer the shares to, and they must be ready to receive them. To do this you'll need to complete the relevant Share Transfer Request Form, which is available on the Equiniti Portal, and send it by email (using the email address that Equiniti hold for you in your account) to gsppqueries@equiniti.com. You'll need to include:
Upon receipt of the required details on a signed and dated share transfer request form, Equiniti will initiate the transfer and will confirm to you when the shares have been accepted by the bank/broker/custodian.
Yes. If you sell your shares the costs are taken from the sale amount, meaning you'll receive the value of the shares you've sold, minus any costs. If you transfer your shares you'll pay a transaction fee. Details of these fees will be made available to you before your shares unlock and before you instruct any transaction, but in summary they are:
Any fees associated with the sale or transfer of shares are payable to Equiniti. Rolls-Royce does not take any fees from colleagues in connection with these.
You may also be liable for taxes, depending on where you live and your personal circumstances. See section '10. Tax' for more information.
No, you can only manage shares acquired from Rolls-Royce share plans in your account.
Your personal data is processed for the purpose of the smooth implementation, termination and administration of the Share Plans and the sale of your shares. Without the required personal data you will not be eligible to participate in Rolls-Royce's share plans.
To find out more about the legal basis on which your data is processed please review the Employee Share Plans Privacy Notice, which can be found in the 'Resources' section. For the Equiniti Privacy Notice please visit their Privacy Centre.
You can find a copy of the privacy notice by going to the 'Resources' section of Your Shares Hub. For the Equiniti Privacy Notice please visit their Privacy Centre.
Please raise a request in the 'Support' section of 'Your Shares: Hub'. Please note that if you already participate in a share plan, or have participated in the past, it may not be possible to delete your data immediately. This is because of global tax and reporting requirements associated with financial products.
We intend to unlock any locked Matching Shares before you leave your home country, and settle these in cash. This approach will ensure that there are no cross-border tax implications, which can be complex and costly to manage.
You will continue to hold any Investment Shares and unlocked Matching Shares in your Equiniti account.
No. For the duration of your assignment you will not be able to make investments in Your Shares: Matched. This is because of the tax and administrative difficulties associated with running share plans for globally mobile employees.
We intend to unlock any locked Matching Shares before you leave your originating country, and settle these in cash. This approach will ensure that there are no cross-border tax implications, which can be complex and costly to manage.
You will continue to hold any Investment Shares and unlocked Matching Shares in your Equiniti account.
So long as Your Shares: Matched is operated in your new location, you will be invited to participate. To find out whether colleagues in your new country are eligible to participate see section 3 in the Q&A. If you are eligible, look out for your invitation.
Under US securities laws, certain investment activities may not take place if the company has not published financial results within specified time periods.
Companies listed on a US stock exchange usually issue financial results on a quarterly basis and this means the above securities laws requirements will always be met but UK listed companies (including Rolls-Royce) typically issue financial results twice per year and this means that there will be periods of time when the specified investment activities may not take place; these are referred to as "Stale Periods".
At Rolls-Royce Stale Periods will vary according to when our year-end and half-year results are issued, but will usually be in January, February, and July each year. In respect of Your Shares: Matched, during a Stale Period;
you may:
but you may not:
It is expected that Stale Periods will not be in place on the quarterly share purchase dates, therefore there should be no impact on the timing of share purchases.
If, during a Stale period, you decide that you do not want your accumulated investments to be used to purchase shares at the March/September share purchase date, you may ask for them to be returned to you. To do this raise a ticket on GBS Employee Hub. At all other times of the year, you cannot withdraw a contribution once it has been taken from your pay.
Equiniti are our specialist Share Plan Administrator, who manage Your Shares: Matched on our behalf. They provide an online portal, giving you a personal online account.
This is where you can:
Login with single sign-on:
Simply click here to access your Equiniti share account
Visit: www.esp-portal.com/clients/rolls-royce
Click 'Register' and enter your
Equiniti account number*
Follow the step-by-step process in our How-to guide for more details.
* Account number: You can find this on your share plan welcome letter/email and all share plan communications from Equiniti.
Haven't received your account number? Contact us using the details in the 'Support' section below.
If you have any questions or would like to provide feedback, complete the form below.
If you have any questions about your share account, including how to access, contact Equiniti.
Call (UK and Intl):
+44 (0) 333 207 6388
Email:
myshareplan@equiniti.com
The Contact Centre is open 8:30am – 5:30pm UK time Monday to Friday, excluding public holidays in England and Wales.
