Workers to get rest of their shares

Employees of the newly-privatised Royal Mail are being given a second lot of free shares in the company.

The shares will be handed out to around 1,150 eligible employees in Bradford.

As part of the flotation of Royal Mail, eligible employees were guaranteed ten per cent of shares.

Full-time staff had originally been promised 725 free shares, which would have been worth £3,545.25. But this had to be reduced to 613 shares, worth £2,997.57, because of a £3,000 limit on the number of free shares which can be doled out in each tax year.

The remaining 112 shares each will be given out at the start of the new tax year.

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