Perks per Share

LSE: GNK

Greene King

Shareholder discount vouchers

What shareholders got 25% offDiscontinued 100 shares or more

This scheme has endedGreene King was taken private in October 2019. The shareholder vouchers are no longer offered.

History of the perk

CK Asset bought Greene King in 2019 and took it private. The surviving sources describe the vouchers before the takeover but do not give their exact withdrawal date.

  1. Greene King taken private

    A CK Asset subsidiary bought Greene King. Its shares left the London Stock Exchange and it became a private company on 31 October.

  2. Vouchers still offered before the takeover

    The archived FAQ described the monthly food and drink vouchers and how shareholders got their booklets.

  3. July holding date documented

    The annual report set 31 July as the date on which you had to hold the shares. The 2019 report repeated the rule.

  4. Booklet documented in the annual report

    Greene King offered a voucher booklet to holders of 100 or more shares. This is the earliest annual-report reference we have found, not a confirmed launch date.

What shareholders got

Shareholders received 25% off food and drink in Greene King’s managed pubs, restaurants and hotels.

Where the vouchers worked

Brands included Chef & Brewer, Hungry Horse, Farmhouse Inns and Greene King Locals, at sites Greene King ran itself.

Who qualified

You needed at least 100 ordinary shares on 31 July of the year the booklet was issued.

Shares held through a broker

Shares held in your own name or through a nominee qualified.

If you held through a broker or a stocks and shares ISA, your nominee had to order the booklet and pass it on. We did not test any broker’s service.

Previous claim process

  1. 1. Shares held in your own nameGreene King posted the booklet to qualifying holders.
  2. 2. Shares held through a brokerYour nominee had to tell Greene King’s company secretary at the end of July how many booklets it needed. Greene King sent the batch to the nominee to pass on to its customers.
  3. 3. Using the bookletYou showed that month’s voucher when paying for food and drink.

Greene King would not send a booklet directly to a broker’s customer, even with proof of share ownership.

Exclusions and limits

Excluded: Pubs run by tenants rather than Greene King.

Usage limits: Each monthly voucher could be used five times.

Dates

The surviving terms give no minimum holding period or end date for the offer.

Ownership date rule
31 July of the year the booklet was issued
Benefit issued
Booklets were posted in August.
Expiry rule
Each voucher was for one named month, September to August.

Practical notes

Could the final booklet still be used?

The August 2019 FAQ described a booklet running from September to August. We have found no issuer statement saying whether it stayed valid after the takeover.

What the surviving terms leave out

The FAQ gives no cash cap per visit and no rules on combining discounts. We have not recovered the full voucher terms.