Save-as-you-earn (SAYE) and stock purchase plans

Employees are eligible to save a fixed sum each month and to use these funds to exercise options over Reuters shares. Generally, the exercise price is fixed at 20% below the market price at the start of the savings period. The maximum monthly savings is £250 (or equivalent) and participants can choose between plans having either a five year or a three year savings period.

In the US, Reuters also offers an employee stock purchase plan in which employees can elect to participate in lieu of a SAYE plan. Under the employee stock purchase plan the monthly savings, plus 20% contributed by Reuters, are transferred to a designated broker for the purchase of ADSs for the accounts of the participants.