frequently asked questions.

FAQ

  • who is eligible for the SPP?

    All corporate employees of the Randstad Group can take part in the plan. There is no minimum requirement regarding your length of service or position within the company.

  • when can you start to participate in the SPP?

    The SPP commences every May and November with a six-month savings period. The first opportunity to purchase shares is after six months (at the beginning of May and November). The bonus shares are allocated six months after purchase of the shares and the additional bonus shares are allocated twelve months after purchase of the shares.

  • how often can I purchase shares?

    You can purchase shares twice a year after a six-month savings period. New savings periods begin on 1 May and 1 November of every year.

  • when can I access my personal account in tOption?

    We will set up your personal account in tOption once you have purchased shares with your savings amount at the end of the 6 month saving period. As such your account will be activated 6 months after you start saving.

  • can I make any changes during the six-month savings period?

    The amount you have chosen to save is fixed for six months. Any changes you want to make will apply to the next savings period. It is not possible to stop halfway through a six-month savings cycle. If you wish to stop saving, the amount saved, including interest, can be returned at the end of every savings period.

  • when do I get bonus shares / additional bonus shares?

    The bonus shares are allocated six months after you purchased shares. You will receive 50% bonus shares and/or fractions of shares calculated on the number of shares you purchased and still have at the grant moment.

    The additional bonus shares are allocated twelve months after you purchased shares. You will receive 50% additional bonus shares and/or fractions of shares calculated on the number of shares you purchased and still have at the grant moment.

  • are there any risks involved?

    There are no share price risks during the savings period. Once you have purchased shares there is obviously a risk that the shares decrease in value. Six months after the purchase of the shares you will receive 50% bonus shares. Twelve months after the purchase of the shares you will receive 50% additional bonus shares. The net result of the bonus and the additional bonus can vary depending on local tax legislation and each individual situation. The bonus and additional bonus can contribute towards covering a possible drop in the share price. However risk always remains when investing in shares.

  • how high is the interest rate?

    You may receive interest on your savings for the six months prior to every share purchase opportunity, depending on the local interest rates for savings accounts. The interest rate will be determined at the beginning of every savings period. You will receive no interest on your money account in tOption.

  • when can I sell my shares?

    Shares are purchased twice a year after every savings period. In principle you can sell your shares from the moment you purchase them. As the bonus shares are issued six months after the purchase, in most cases it is advantageous to wait until after this six-month period before deciding to sell. (Bonus) shares can be sold directly after receiving your bonus shares.

  • will I also receive dividend?

    Randstad N.V. regularly distributes a dividend on its shares. From the moment you purchase shares or receive bonus shares (and keep them) you are entitled to such dividend payments on each following possible dividend date. After the appropriate Dutch dividend withholding tax has been deducted, you are entitled to a cash amount of net dividend and you will be asked what you want to do with such cash dividend. The following options are available:

    (i) deposit the amount received into your money account in tOption;

    (ii) transfer the amount received to your personal bank account;

    (iii) use the amount received to purchase shares to add to your share account in tOption.

    In the event you choose for option (iii) any amount not used to purchase a full number of shares (as there might not be enough money available to buy a full share) will be deposited into your money account (see option (i)) and can be used to purchase shares at the next dividend payment date.

    If you don’t make a choice in time, the net amount received resulting out of the dividend payment will be deposited into your money account in tOption and can be transferred to your personal bank account at any time.Former employees can make a choice between option (i) and option (ii).

    1. do I have to pay income tax on my savings?

      Your savings are withheld from your net salary, so income tax doesn’t apply. There are also no fiscal consequences when buying shares. However, you may have to pay income tax on any interest received if applicable and will have to pay tax on your bonus shares and additional bonus shares, as these are seen as income, in most cases as income from employment.

    2. can I transfer my shares to a private stock account?

      No, you cannot transfer your shares to a private stock account as the legal title to the shares remains with SRO. The shares entitle you to the actual value of the shares and the fractional shares.

    3. what happens if I leave the company?

      If you leave the company during the savings period the saved sum including the interest (if any) will be paid to you upon departure.

      Should you leave in the period between purchasing shares and the allocation of bonus shares you will no longer be eligible for bonus shares nor for additional bonus shares. Should you leave in the period between the allocation of bonus shares and the allocation of additional bonus shares, you will no longer be eligible for additional bonus shares.

      The purchased shares can be sold at any time. However, shares allocated after April 1, 2021 should be sold within 24 months after the end of your employment contract via tOption. If your shares allocated after April 1, 2021 have not been sold within 24 months after the end of your employment contract, those shares will be sold automatically and the sales proceeds will be transferred to your money account in tOption. Shares allocated before April 1, 2021 can be kept in tOption without a time limit and can be sold when convenient. Condition is to keep the SPP administration fully informed on bank account details, address and email address.

    4. can I vote on my shares?

      You can vote on your shares at your own discretion at the general meeting of shareholders, based on a power of attorney from SRO. You can attend this meeting after sending the registration form which will be placed on the SPP internet site together with the convocation for the general meeting of shareholders.

    5. how can I sell my shares?

      How to sell your shares is described in the manual. Chapter 9 describes the process step by step.

    6. when will I receive the payment when I have sold shares?

      Payment in the Netherlands, United Kingdom, Germany, Spain, France, Portugal, Belgium and Luxembourg:

      The sales proceeds will be transferred to the bank account listed in tOption. We do this twice per month with the following timelines:

      • If you sold the shares before the 16th of the month, we will pay around the 25th of the same month.
      • If you sold the shares on the 16th of the month or later, we will pay around the 10th of the following month.

      Transfer to (1) and payment in (2) other countries in two steps:

      (1) From our global head office in the Netherlands, your sale proceeds will be transferred to the local Randstad head office of your country. We do this twice per month with the following timelines:

      • If you sold your shares before the 16th of the month, the transfer will be made around the 25th of the same month.
      • If you sold your shares on the 16th of the month or later, the transfer will be made around the 10th of the next month.

      (2) After receipt of the sale proceeds, the local Randstad head office of your country will take care of the further payment to you, in most cases the payment will be combined with the payroll. Please take into account that locally additional processing time is also needed!

      If you have any questions about the local handling and payment, please contact your local HR/benefits department.

    7. what share price applies when I sell shares?

      When you sell shares, the share price will be determined on the day the order is received. The shares sold are purchased by Randstad Option Fund at the selling price as established in the SPP regulation. This selling course is determined by the average price taken over the opening and closing price of the Randstad N.V. share on the Euronext Amsterdam on the day of the sale. This selling price is only available after the end of the day of trading. If Euronext is closed on the day of the order then the order will be handled with the prices of the first next day that Euronext is open. The sales transaction is not settled through Euronext, therefore there are no costs involved in selling shares.