Genus is a business rooted in science but built around our people. You help us invest and build. TakeStock, our new share plan, is our chance to invest in your future.
We want to show you our appreciation by offering you the opportunity to become a stakeholder in Genus.
And when good things come in threes, becoming a Genus shareholder can be done in three easy steps.
Put aside as little as $10, up to $250 a month – a total maximum of $3,000 per year or 10% of salary (whichever is lower).
At the end of every 3-month period, for every three shares you buy, we allocate you one free share – called a matching share – building your investment together.
Hold your shares to benefit from any share price growth and any dividends that Genus may pay. The shares you buy are yours and you're able to sell them at any time, but you'll need to hold them for three years from the date of purchase to receive the free matching shares awarded to you by Genus. If you sell your purchased shares earlier, you'll lose the free matching shares awarded
If you want to own a part of Genus don't miss these dates:
We operate a cut-off around the 18th of the month before the next quarter begins. If you join ahead of this date, deductions will start from the beginning of the next quarter (i.e. the following month). If you join after this date, then you would start deductions the following quarter.
All employees can join once they have completed one month's continuous service.
The share amounts are for this example only and do not represent a real scenario for you, but should help you understand how TakeStock works.
We're introducing TakeStock to share in any of our future success with you. You're helping to invest in our business, so we want to help invest in your future.
That's why, for every three shares you buy, we'll give you a free matching share. Think of this as a long term investment.
After three years, you can choose what you want to do. You can either keep the shares, or sell them. To find out your options if you're leaving Genus before then, see our FAQ below.
In the meantime, you'll receive any dividends Genus pays to its shareholders in cash, and can have your voice heard by voting on matters covered at the company's Annual General Meetings.
Making financial decisions is important, and if you're new to share plans, they can feel complicated.
To help you decide on whether to invest or not, we're here to answer your common questions:
If you're a permanent US employee, you'll be eligible to join once you've been an employee for one month.
We've partnered with Morgan Stanley at Work to allow you to sign up to TakeStock, and you'll need to register an account with Shareworks – their online portal – to sign up.
When you become eligible to join, you'll receive a unique personalised link via email. This link expires for security reasons after 60 days.
If your link has expired or you can't locate the email, please call Shareworks on:
North America: 18773807793 (8am to 8pm ET)
Already have a Shareworks account? Simply, click the 'Join' button to login and join.
Also, once registered, you can download the Shareworks App which is available on all App stores. This means you can view your TakeStock shares at any time.
A minimum of $10 per month, so $30 over a single three-month saving period. There is a maximum of $250 per month, so $750 over a single three-month savings period.
Overall, there's a maximum of $3,000, or a maximum of 10% of your salary (if lower) per year. You cannot save more than $250 per month and lump sum contributions are not permitted.
Payroll operates bi-weekly in the US and in months where there are three pay dates, deductions for TakeStock will only be made from the first two pay dates of the month.
No – this is one of the benefits. Genus pays for all admin costs and all the typical share trading costs (e.g. Brokers' commission and Stamp Duty) for you.
Shares will be purchased in the month following each three-month savings period. This is normally on 19th of that month, or the next working day after that date if this falls on a weekend or on a day when the markets are closed.
We'll use your savings to buy shares in Genus. It's unlikely that your savings across three months will buy an exact number of shares. We'll carry forward any savings left over, and add them to your savings in the next three-month savings period.
Once you've joined, you can stop and restart, as well as change your monthly savings amount. However, you need to notify us via the Shareworks platform before the monthly payroll cut off (the 20th of the month) for it to take effect the following month.
Our chosen partners are Morgan Stanley at Work – they hold shares in a secure Shareworks Vested Share Account. You can view your shares at any time via the Shareworks platform. They're share plan experts and independent from Genus.
Yes. Dividends are sums of money paid by a company to its shareholders out of its profits or reserves. Genus currently pays its dividends twice a year, but this isn't guaranteed and can vary. Any dividends Genus decides to pay to its shareholders, you'll receive as cash into your nominated bank account converted into your local currency. You will receive dividends on any shares you purchase through TakeStock, but will not receive dividends on the matching shares until after the three year forfeiture period on the matching share award has completed.
You can continue to invest in TakeStock provided you're still paid by Genus and your salary is sufficient to cover your contribution and any other deductions. Just be aware that if your annual pay decreases whilst you're on leave the Plan rules prevent you from investing more than 10% of your reduced pay into TakeStock.
Once your Genus pay stops, you'll no longer be able to invest into TakeStock. Any amount taken but not used to buy shares will be returned to you. The shares you hold will need to come out of the TakeStock trust immediately after your leaving date. You can sell any remaining shares or transfer them to a broker of your choice. For a sale of shares to be actioned, please ensure your bank account details have been added to your Shareworks account.
Your reason for leaving Genus will affect how your shares are dealt with, refer to the question "What is the Income Tax or Social Security position if I sell shares or leave Genus?" in the "Selling Shares" section of the FAQ for more information.
Yes. You can sell or transfer your shares at any time, but you need to keep hold of the shares you purchase or at least three years in order to be allocated your matching Genus shares.
Any shares purchased out of your regular earnings will have been purchased out of post-tax income and no further tax will be payable. At the point where any matching shares awarded to you become unconditionally yours (usually after 3 years from award) then this will be liable to tax and social security and may be liable to capital gains taxes.
If you leave Genus then your reason for leaving will determine what will happen to the matching shares allocated to you. If you resign or are dismissed then the matching shares allocated within the previous 3 years would be forfeited. If you leave for other reasons (such as due to redundancy, retirement, a sale of your employing company out of Genus, a TUPE transfer or equivalent, death or the inability to work due to injury or disability) then you (or your estate as applicable) would retain the matching shares allocated to you.
Yes. Tax laws can change from time to time and we would notify you of any relevant changes that impact the operation of the Plan. However, you should do your own research on your own tax circumstances before you sell or transfer any shares.
The currency in which the employee's or participant's salary is paid.
The year beginning on 6 April and ending on the following 5 April.
The unofficial name of GENUS PLC 2019 International Share Incentive Plan.
The online platform for share plan administration provided by Morgan Stanley at Work, where participants can view their share holding, manage their plan and sell shares.
Genus' share plan administrators, supplier of the Shareworks online platform.
The 3-month period after which Genus uses your savings to buy shares on your behalf. We'll keep them safe in a secure Shareworks Vested Share Account, until you want to sell them.
You can stop and restart or change your savings amount at any time.
The shares purchased by the employee with their own money
The shares provided by the company, one share for every three shares purchased
The period the employee must hold the partnership shares for, in order to be eligible to receive the matching shares.
Depending on company performance you may be entitled to dividend payments based on the number of shares you hold.
We've partnered with Morgan Stanley at Work to allow you to sign up to TakeStock. You'll need to register an account with Shareworks – their online portal – to sign up.
When you become eligible to join, you'll receive a unique personalized link via email from Shareworks. This link expires for security reasons after 60 days.
If your link has expired or if you believe you are eligible and have not received a welcome email with your Shareworks activation please contact the Morgan Stanley at Work team.
If you already have a Shareworks account, simply click the 'Join now' button to login and join.
Also, once registered, you can download the Shareworks App which is available on all App stores. This means you can view your TakeStock shares at any time.
18773807793
(Phone lines are open Monday to Friday from 8am to 8pm ET)
Remember:
The information provided on this website and other communications in connection with TakeStock is provided in good faith. If it conflicts with the rules of the plan, the partnership share agreement, or any applicable legislation, then the rules of the plan, the partnership share agreement, and the legislation will prevail.
