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<p>At the time of Royal Mail Initial Public Offering (IPO) in October 2013, approximately
16% of the company was sold to 690,000 individual investors through a retail offer.
A further 10% of the company was awarded to the company’s eligible UK employees with
approximately 147,000 employees receiving shares.</p><p> </p><p>Since the IPO, shareholders
who purchased shares through the retail offer have been free to trade their shares.
The Government does not hold records of these share dealings. Royal Mail has responsibility
for maintaining a register of shareholdings in company.</p><p> </p><p>The shares awarded
to employees have been held in trust by Royal Mail’s Share Incentive Plan (SIP) to
enable the employees to benefit from tax and national insurance advantages. Employees
will be able to sell shares from October 2016. Eligible UK employees were also awarded
a further 1% of the company’s shares in October 2015 and a further 1% award will be
made later this year. These shares will also be held in the Royal Mail SIP for 3 years
before they can be sold.</p><p><strong> </strong></p>
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