RE: Director buy16 Nov 2022 15:28
Based on the one I was in before I retired it finished September 1st and then you have 6 months to decide if you want to take your cash back out , purchase the shares at the option price and hold onto the shares , or sell them at the price it is at when you decide to sell .
Thats if it runs full term . You can always cancel at anytime during the 3 or 5 years depending on how long you took the option for and take the cash out and start another scheme if it comes out lower . You can take out as many sharesaves as you like as long as you dont go over the maximum amount of £375 a month over all schemes - this maybe different for other companies though .
I am not sure when the option price is set . Vodafone did 2 schemes a year and the option price was 20 % off the average over the 3 previous closing prices .