Sharesave

Sharesave is a simple savings plan that offers all Kier employees the opportunity to save and become a shareholder in Kier.

Get the 'EQ Share Plans' app

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

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Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

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Sharesave 2022 – Option Price 55p

Sharesave 2022 matures on 1 December 2025 at the end of its three-year term. If you have completed all 36 monthly/144 weekly payments you will have six months to exercise your option to use your savings to buy Kier shares for the Option Price of 55p each.

If you took a payment break during the three-year savings term, your maturity date is delayed until all 36 monthly/144 weekly payments have been made. You will then have six months to use your savings to buy Kier shares at the Option Price of 55p each.

You can check the current share price for Kier shares on the EQ Share Plans App, on Your Kier or at www.kier.co.uk.

worker climbing on side of building

How does Sharesave Maturity work?

You now need to choose what you want to do with your savings. There are different maturity options available to you, and these are summarised in the video.

Depending on the value of the shares you have and what you decide to do with them, Capital Gains Tax could be payable.

Use the calculator below for an estimate of the value of the shares when you sell them.

Please see the information in the next section which could help you when making your decision.

Calculator

*Narration created with artificial intelligence

What is Capital Gains Tax?

Capital Gains Tax (called ‘CGT’), is a tax you may need to pay if you make a profit, called a ‘gain’, when you sell or dispose of shares or other investments. This includes shares that you sell or dispose of from your Sharesave maturity.

With your shares from your Sharesave 2022 maturity, your gain is the share price that the shares are sold at, minus the 55p Option Price you paid to buy it, multiplied by the number of shares.

For example: £2.25 (sale price) - 55p (option price) = £1.70 gain per share. If 1,000 shares were sold, then 1,000 x £1.70 = £1,700 total gain.

You are currently allowed by HMRC to make a certain level of ‘gains’ from selling shares or other investments in each tax year without being taxed. If your total gain in a tax year (ie 6 April 2025 to 5 April 2026) - including any other capital gain you made - exceeds the current annual exemption limit, you will have to pay CGT on any gain above this limit.

For the 2025/2026 tax year, the annual exemption is £3,000.

More information on what CGT is and how it applies to Sharesave is contained in the video and this Guide to using a Stocks and Share ISA for Sharesave maturity. The table below summarises how CGT could affect the maturity choices available to you:

Maturity Option How the Option is used Could CGT be payable? Why?
Buy shares at the Option Price and sell them Sell some or all the shares that you buy at 55p each Yes You could choose to only sell some of the shares - with the gain being less than £3,000 in that tax year. The rest of your shares would be held digitally in your share account in the Kier Corporate Sponsored Nominee (CSN) for you to sell later (in a future tax year)
Buy shares at the Option Price and hold them in the Kier Corporate Sponsored Nominee Hold all your shares digitally in your CSN share account. You can then sell or transfer them in the future Yes You can choose what you want to do with the shares which are held in your CSN account. Choices which can be tax efficient include:

  • Selling some of the shares - with the gain being less than £3,000 per tax year. Keep the rest of your shares to sell later in a future tax year
  • Transfer some or all of your shares to your spouse or civil partner and they have their own CGT annual exemption of £3,000 when they sell the shares.
  • Transfer the shares into a Stocks and Shares ISA as shares sold from an ISA are not subject to CGT. You need to transfer the shares into the ISA within 90 days of exercise.
Buy shares at the Option Price and transfer them into the EQi Flexible Stocks and Shares ISA Hold the shares in the EQi ISA and sell them in the future No Shares sold from an ISA are not subject to CGT.
Cash refund of your savings Cash refund No No profit or gain is made as you are not buying the shares at the option price and selling them.

*Narration created with artificial intelligence

Your Maturity Options

You have the following options available to you:

    2.

Use your savings to buy the shares at the Option Price and EQ will sell some or all of them on your behalf. You then receive the cash from the sale of the shares.

By choosing this option, your Sharesave savings will be used to buy the shares at the Option Price and you instruct Equiniti Financial Services Limited to sell some or all of them through its Share Sale Service at the next available sale date.

The share price that the shares are sold at will be the sale price achieved at the time the shares are sold on the stock market and not Kier’s share price at the time you submit your instruction to sell.

You will receive the cash proceeds of the sale (less the dealing costs that apply when shares are sold) directly into your salary bank account.

Capital Gains Tax can be payable if your make more than £3,000 profit (gain) in the current tax year when selling your shares. Please see the section above.

Please view the full schedule below for the key dates for you to make the sale instruction on the Kier Share Plans Portal and date the shares will be sold.

Please note:

  • That the sale of the shares usually takes place 9 days after the deadline for submitting instructions
  • The cost to sell the shares using the Share Sale Service is 0.5% of the value of the sale with a minimum fee of £25 applied*
  • This option is only available via the Kier share plans portal or the app until the 13th January 2026

If you wish to buy the shares and have them all sold at the next available sale date, select 'Sell the shares and receive the proceeds' from the exercise choices on the Kier Share Plans Portal or you can make the sale instruction on the EQ Share Plans App.

If you choose to sell only some of your shares the remainder will be transferred in a shareholding account set up in the Kier Corporate Sponsored Nominee (CSN). Shares held in your CSN account can be sold or transferred at a time of your choosing. From here you can transfer to your Spouse/Civil Partner or transfer to an ISA, which can be tax efficient options.

To do this, please select both to keep the shares in a Nominee Account and sell the shares from the exercise choices available in the portal or the app. You then choose how many you would like to sell and the rest will be transferred into your CSN.

Once the sale takes place, it will take 2 working days to complete and after that you should receive the funds into your salary bank account within 5 working days.

Rates shown were current at October 2025, however, these are subject to change. To ensure that you are aware of the current applicable rates prior to dealing, please ensure that you have read the latest Terms and Conditions.

In submitting a sale instruction, shares will be transferred into the Corporate Sponsored Nominee and sold on your behalf. If you do not currently hold shares in the Corporate Sponsored Nominee a new holding will be created for you in accordance with the CSN Terms and Conditions, and you will receive a statement as part of the next quarterly statement mailing. Shares will be visible in your Kier Share Plans Portal until settlement of the sale, and depending on market conditions, may be held for you for several days. Terms and conditions can be found under ‘Quick Links’ on Kier Share Plans Portal when you submit your instruction.

    2.

Use your savings to buy the shares at the Option Price and transfer them to the Kier Corporate Sponsored Nominee Service ('CSN') where they will be held in your name.

The CSN offers a simple and convenient way to hold and manage your Kier Group plc shares electronically, without having to hold a paper share certificate. Shares held in a CSN account can be sold or transferred at a time of your choosing. From here you can also transfer the shares to your Spouse/Civil Partner or transfer to an ISA.

If you wish to buy all the shares and hold them electronically in the CSN select 'Transfer to CSN' from the exercise choices on the Kier Share Plans Portal or the app.

Your shares should be available in your CSN account within 5 working days following the allotment of your shares and can be viewed and managed on the Kier Share Plans Portal.

In order to transfer to a Spouse or Civil Partner, you will need to complete a Form A. To transfer to an ISA, you will need to complete a Form E.

More information can be found at www.shareview.co.uk/info/csn.

    2.

Use your savings to buy the shares at the Option Price and transfer them to the EQi Flexible Stocks and Shares ISA. This allows you to invest up to £20,000 per tax year and any gains are tax-free. Please read the Guide to using a Stocks and Share ISA for Sharesave maturity.

Any surplus above the £20,000 will be transferred into the complementary EQi Dealing Account you will receive as a result of opening the EQi Flexible ISA – this will allow you to easily transfer into the ISA once shares have been sold and you’ve released some of the investment out of the ISA.

Your shares should be available in your EQi ISA within 5 working days following the allotment of your shares. You can access your EQi ISA at www.eqi.co.uk. Once you have logged in you will see a summary of your portfolio. You can click ‘Manage’ on the top right-hand part of the screen to view transaction history and manage regular instructions.

Find out more about the EQi Flexible ISA including fees payable.

You can transfer directly into the EQi Flexible ISA, as long as your instruction is received before 6pm on 13 January 2026, and you do not have a deferred maturity. To do this, select 'Transfer share to an EQi Flexible stocks and shares ISA' from the exercise choices on the Kier Share Plans Portal.

After this date, you will need to transfer your shares into the CSN before you can initiate the transfer into the ISA, however this must be done within 90 days of exercise. A flowchart showing this process is here Indirect ISA Transfer Flowchart. In order to apply for an EQi ISA, you will need to complete an ISA Application Form and return this to forms@eqi.co.uk.

You’ll also need to complete a Form E to transfer from the CSN.

It is a requirement by law to confirm the identity of all individuals opening an EQi ISA. If it is not possible to verify your identity, a letter will be sent to you requesting some identification (ID) documents and it will list the documents you can use to complete the verification. If the ID documents are not received by the time your shares are due to be transferred to your EQi ISA account, then all your shares will be held in your EQi dealing account. If the ID documents are still not received within 30 days after your shares are added to your dealing account, a further letter will be sent advising that your shares will be issued as a certificate. If the ID documents have not been received at 45 days, the share certificate will be sent to you by post and your EQi account will be closed and your admin fee refunded.

If required, a Letter of Appropriation or Notice of Exercise can be used to confirm your shares came from a Sharesave Scheme. The document can be downloaded from the Kier Share Plans Portal. After logging into the portal, go to the 'My Investments' tab, click on 'Sharesave' and then 'Sharesave closed schemes'. Select a date range before the Sharesave scheme started (ie 1 January 2021) and click 'Go'. The document will appear under the 'LoA' heading as a PDF. You can then download it.

    2.

If you choose not to exercise your shares and to request a refund of your savings, you will need to contact AskHR@kier.co.uk.

Key Dates

Deadline for making instructions in Kier Share Plans Portal or the App (6pm UK time) When the shares are sold or transferred to you Estimated date that sale proceeds be paid into your bank account or shares available in EQi ISA or CSN Options Available
20 November 2025 1 December 2025 8 December 2025
  1. Direct Sale
  2. Transfer into Kier CSN
  3. Direct transfer into EQi ISA
25 November 2025 4 December 2025 11 December 2025
  1. Direct Sale
  2. Transfer into Kier CSN
  3. Direct transfer into EQi ISA
2 December 2025 11 December 2025 18 December 2025
  1. Direct Sale
  2. Transfer into Kier CSN
  3. Direct transfer into EQi ISA
9 December 2025 18 December 2025 3 January 2026
  1. Direct Sale
  2. Transfer into Kier CSN
  3. Direct transfer into EQi ISA
30 December 2025 9 January 2026 16 January 2026
  1. Direct Sale
  2. Transfer into Kier CSN
  3. Direct transfer into EQi ISA
13 January 2026 22 January 2026 27 January 2026
  1. Direct Sale
  2. Transfer into Kier CSN
  3. Direct transfer into EQi ISA
Fortnightly on the Tuesday Fortnightly on the Thursday Fortnightly on the Friday
  1. Kier CSN (keep, sell, transfer shares)
  2. EQi ISA (indirect transfer from CSN)
31 May 2026 11 June 2026 18 June 2026
  1. Kier CSN (keep, sell, transfer shares)

* Date of receipt of funds into bank accounts is dependent on when the sale of the shares is completed on the stock market. It can take longer if larger volumes of Kier shares are being sold on a particular date.

If you have a delayed maturity and exercise after 1 June 2026, you will have the option to purchase the shares at the Option Price and hold them in the CSN or receive all your savings back as cash.

Please note all dates are subject to change. EQ cannot be held responsible for any changes to advertised dates which are outside their control nor any resulting loss.

Next Steps

You need to decide what you want to do next. You can make your instruction using the Kier Share Plans Portal or the EQ Share Plans App.

If you choose not to make your instruction in the six months after your maturity, or leave Kier’s employment through resignation or dismissal before your maturity date, you will lose the option to buy shares at the Option Price and will receive a refund of all your savings.

Risk Warning

You need to be comfortable with the maturity decision that you make.

As with all companies’ shares, the market price of Kier Group plc shares on the London Stock Exchange can go down as well as up. We recommend that you check the Kier Group plc share price before taking any action and/or seek financial advice if you need further assistance in making a decision.

The Capital Gains Tax, ISA, etc. allowances are shown for the current tax year – but can change.

FAQs

If you sell some or all of your shares at maturity using the EQ selling service, the share price that the shares are sold at will be the sale price achieved at the time the shares are sold on the stock market and not Kier’s share price at the time you submit your instruction to sell. See the key dates table for the dates that the shares will be sold at.

If the shares are transferred into the Corporate Sponsored Nominee first and then you choose to the sell them, you can see the exact share price that the shares can be sold at and decide if you want to sell the shares at that price.

Yes. Your can choose to sell some of the shares when you exercise your option (this can be a number of shares or shares up to a value you choose), and the remainder you keep and they are transferred in to a share account in the Kier Corporate Sponsored Nominee.

It is an easy way to Kier shares digitally. The shares are transferred into your shareholder account in the CSN and you can transfer or sell them when you want.

If you make a gain (ie a profit) when selling shares above a certain level you can have to pay tax on the gain above that level. See the Capital Gains Tax section above for more information.

You are able to invest up to £20,000 per tax year and you have 90 days from exercise to transfer shares into an ISA without triggering a CGT liability. If you have already used your ISA allowance for the current tax, you could consider delaying exercising your Sharesave maturity, so that the shares are transferred in during the next tax year (ie after 6 April 2026). When you exercise, you would select to transfer the shares into the CSN and then you would transfer them from the CSN into a Stocks and Shares ISA.

Once the shares have been transferred into the ISA, they are available to sell.

It is open to join each year, with the invitation period usually starting in early October. You will receive information when the next invite arrives. Please refer to the key dates section, which shows the 2025 invitation dates as a guide.

Key features

  • Sharesave is an opportunity to purchase Kier Group plc shares in three years’ time at a discounted price that is fixed now, called the Option Price
  • The Option Price is based on Kier’s share price at the start of the plan, less a discount of 10%
  • You choose a fixed amount of how much you want to save – from £1.25 to £18.75 per week / £5 to £75 per month
  • A bonus is added to your savings, so you can buy more shares at the Option Price or simply have your savings returned to you, with interest added
  • At the end of the three year saving term, you can choose whether you want to use your savings to buy shares at the Option Price or get all your savings back as cash
  • It’s flexible as you can pause making your weekly/monthly contributions if you need that money for something else
  • Sharesave is risk free
  • You can cancel at any time and get all your savings back straightaway

To see the differences between Sharesave and SIP go to the Useful documentation section below.

Choose

Choose how much you want to save, between £1.25 to £18.75 per week/£5 to £75 per month. This amount is fixed for the duration of the saving contract.

Apply

There are three ways you can join Sharesave during the invitation period:

  • click the 'Apply Online' button, login and follow the instructions on screen
  • use the EQ Share Plans App
  • apply by sending a text.

The deductions will start from your November pay.

Decide

Once the three years are up, you decide what to do with your savings:

  • keep your shares as an investment and become a shareholder, and receive dividends on your shares
  • sell your shares and make a profit

    • or

  • take back all your savings as cash.

*Narration created with artificial intelligence

Here are some examples saving either £20, £50, or £75 per month over 3 years.

If the share price at the start of the savings period was £2.00 per share, the Option Price would be £1.80, due to the 10% discount Sharesave offers.

Examples only - Option Price of £1.80

Monthly savings Total savings after 3 years Bonus Shares available to buy after 3 years Market value of the Shares if price increases to £3 Gain
£20 £720 £10 405 £1215 £495
£50 £1800 £25 1013 £3039 £1239
£75 £2700 £37.50 1520 £4560 £1860
Calculator

If the share price is higher than the Option Price at the end of the three year savings term your shares will be worth more than your savings and you can convert your savings to Kier shares, called exercising your option. Use them to buy Kier shares at the Option Price and decide whether to:

  • keep your shares as an investment and become a shareholder and receive dividends on your shares
  • sell your shares and make a profit

or

  • take back all your savings as cash plus the bonus

If the share price is lower than the Option Price at the end of the savings term, it is not worthwhile to buy shares at the Option Price and you can simply choose to take back all your savings as cash.

"Sharesave works for me. It's an easy way to save each month straight from my pay and I know I can access my savings if I need them during the three years."

Stacey, Administrator


"It's really good knowing that with Sharesave you get back at least everything you save into it, and you might get more! It is easy to track the value of your Sharesave plan and see what extra it's worth if Kier's share price goes up."

Sarah, HR Business Partner

"I join Sharesave every year as it's a simple, risk-free savings plan. The Sharesave plan which finished in early 2024 paid for a great fortnight away to Singapore and Bali."

Glen, Lead Water Technician


"Quite simply, Sharesave is a zero risk way to save monthly for purchasing shares by deduction from your net pay. At maturity, after 36 months, if the share price is lower than the option price, you can opt to get all of your investment back. If the share price is higher than the option price you will be in profit."

Steve, Design Manager

You will only be able to join Sharesave during an invitation window but you can register at any time. Please refer to the key dates section for more information on when you can join. Full details are provided to you at the time of the invitation.

You can join Sharesave using the Kier Share Plans Portal online, using the 'EQ Share Plans' app or by text.

You will need your National Insurance Number to register and log into the portal, you can find this on your payslip. To apply by text, you will need your Sharesave account number which was on your invite email/letter.

Join Sharesave online on the Kier portal

Already registered for the Portal?

Not registered for the Portal?

  • Visit the Kier Share Plans Portal

  • Click register and follow the instructions on screen.

  • If you have a work email address, please use that. You’ll be emailed your activation code.

  • If you don’t register with your work email and use a personal email address (e.g. @gmail or @hotmail) your code will be posted out to you – but you don’t need to wait for this to apply for Sharesave

  • To complete your Sharesave application, once you are logged into the portal, in the I want to section, simply click on the manage my Sharesave application link and follow the instructions. Once you have applied to join, you will receive a confirmation email.

OR

Join Sharesave using the 'EQ Share Plans' app

You can download the 'EQ Share Plans' app for both Apple and Android devices.

Once you have downloaded the app, follow the instructions to log in (using your same log in details for the Portal) or register. You will then be able to apply.

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

App Store
qr code apple

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

Play Store
qr code android

Join Sharesave using the Kier Share Plans Text Service

Send the following text message to: 84247

  • Kier3 (space)

  • Your 11 digit account number (space)

  • Your National Insurance Number (space)

  • The amount you want to save per month (if you’re weekly paid, multiply your weekly amount by 4, ie £10 per week x 4 is £40 per month) (space)

  • Y (space) to confirm you have received the FSCS information sheet

  • Y (space) to confirm you have read and accept the Terms and Conditions

Then send your message.

Here’s an example of what your text would look like for someone wanting to save £12.50 per week/£50 per month: Kier3 12345678910 AA123456B 50 Y Y

Please note that if you don't receive an acknowledgement text then your application has not been successful.

Key dates

Please see the latest invite key dates below:

30 September 2025

Option Price will be determined using the closing share price and applying the discount

1 October 2025

Sharesave invitation period opens

21 October 2025 (11:59pm)

Closing date for applications (late applications cannot be accepted)

29 October 2025

Date of grant of options

November 2025 payroll

First deduction from your weekly or monthly pay

1 December 2025

Your savings contract starts

October 2028

The final deduction from your pay (unless you’ve missed any payments). Weekly paid deductions finish a few weeks earlier

November 2028

You will receive details of the Sharesave 2025 maturity and how you make your choices

1 December 2028

Sharesave 2025 maturity. You have six months to make your maturity choice. Your maturity is later if you’ve missed any payments

FAQs

You need to be employed shortly before the annual invitation window opens to be eligible to join the Sharesave.

This is your Sharesave and you can decide to stop saving at any time during the savings period and take out all your savings. There are no charges or penalties. However, if you take your savings before the end of the three year savings period you’ll lose the chance to buy shares at the discounted Option Price.

No. Once your savings contract has started, you cannot change the amount you save.

You can suspend up to twelve contributions, and each monthly contribution missed will result in the maturity of your savings contract being postponed by one month to allow you to make up the payment(s) at the end of your savings period. The most you can miss is the equivalent of twelve monthly payments – these can be separate periods of one or more months or a single twelve month period.

If you go on maternity/parental leave or other long term absence, you can make arrangements to continue contributing by standing order by EQ on 0371 384 2040. Lines are open 8:30 - 17:30 Monday to Friday, excluding public holidays in England & Wales.

You can also email MySharePlan@Equiniti.com and they will answer any queries you may have.

Shares can go down in value as well as up. With Sharesave you have a safety net, because if the Kier Group plc share price at the end of the savings contract is less than the Option Price, you can take your savings as cash instead of buying shares. Don’t forget this is essentially a savings contract. You don’t need to make a decision until the end of the saving period.

If you leave through resignation or dismissal you’ll get all your savings back, plus any applicable bonus or interest. However, you’ll no longer be eligible to buy Kier Group plc shares at the Option Price.

If you leave Kier’s employment at any time during your savings period, because you’re made redundant, TUPE transferred (Transfer of Undertakings (Protection of Employment) Regulations 2006 applies), injured, disabled or if you retire, you’ll be able to use your savings, plus any applicable bonus or interest, to buy a reduced number of Kier shares within six months of leaving if you wish, or you can continue saving directly with EQ.

The end of your savings term is called maturity. At maturity you can either take your money in cash or buy shares. More information will be sent to you when your savings reach maturity.

Your savings, which are held with Lloyds Bank plc, are your own and are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. In respect of deposits, an eligible depositor is entitled to claim up to £85,000.

For further information refer to the FSCS website www.fscs.org.uk or call the FSCS on telephone number 020 7741 4100 or 0800 678 1100. Alternatively, log onto www.lloydsbank.com for further information about the compensation scheme.

Savings are taken from net pay. There is no income tax or national insurance payable on any gains made.

Capital gains tax (CGT) may apply if you sell your shares and the gain is more than the CGT limit. The gain per share is the difference between the Option Price and the price at which the shares are sold. The current CGT limit is £3,000 for tax year 25/26. Information regarding CGT and the options available to you will be provided at the end of your savings term. If you're usure if this exemption will be available to you (for example if you have sold other assets during the same tax year that you sell your shares) or if you hold other shares in Kier Group plc you should take indepedent financial advice.

The amount of interest for Sharesave is set by the Government (HMRC) at the start of the savings plan. For Sharesave 2025, a tax-free bonus of 0.5 x your monthly contribution will be added to your savings at maturity. At the end of the savings contract, you can buy Kier shares with the money you’ve saved plus the tax-free bonus, at the Option Price, which is fixed and discounted at the beginning of your savings contract. Or you can take your savings back plus the tax-free bonus.

For more information and details on what happens if you stop saving before the end of the savings contract, please refer to the Bonus Rates FAQs, which can be found in the Useful Documentation section above and on the Kier Share Plans Portal.

You can either log into the portal or use the new app to view your savings at any time, or alternatively call EQ on 0371 384 2040. EQ will also send you an annual statement showing you how much money you have saved. You should check your payslip each week/month to ensure payroll are deducting the payments.

Dividends are paid by Kier to its shareholders. At the end of the 3 year savings term, if you choose to use your savings to buy Kier shares and keep them, dividends will be payable on those shares.

The Option Price is calculated using Kier's share price on the day before the invite opens. This share price is then discounted to give the Option Price. The discount can be up to 20% and is reviewed each year to ensure Sharesave remains affordable to operate. For Sharesave 2025, the discount is 10%.

Please refer to the why should I join section for additional support and webinars to join.

If you’d like further information about Sharesave, please call EQ on 0371 384 2040 between 8:30 - 17:30 (UK time), Monday to Friday (excluding public holidays in England and Wales) or email MySharePlan@Equiniti.com and they will answer any queries you may have. Correspondence should be sent to: EQ, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA.

This website is not a legal document and will always be overridden by the formal rules if there are any differences between the two. In the event of any conflict between this website and Sharesave rules/legislation, the latter will take precedence. Any references to tax consequences within this document are for guidance only. Data protection: our privacy notices clearly explain how your data is protected and how your enhanced rights apply from 25 May 2018. To read the latest versions, please visit www.equiniti.com/privacy and your employee privacy policy.

When you speak to EQ on the phone, some calls may be monitored or recorded in case EQ needs to check they have carried out your instructions correctly and to help improve the quality of service.

Need help? Contact EQ

Contact EQ on 0371 384 2040 between 8:30 - 17:30, Monday to Friday (excluding public holidays in England and Wales).