Perks per Share

LSE: SIG

Signet Jewelers

Shareholder discount card

Unconfirmed
What we found Current offer unconfirmed Not confirmed by the company

Signet Jewelers sells jewellery and watches through Kay, Zales and Jared in the US and H.Samuel and Ernest Jones in the UK and Ireland.

What we found

Signet offered a 10% shareholder discount card for H.Samuel, Ernest Jones and Leslie Davis. Its 2013 terms covered a card that expired in December that year. A current offer and the scheme’s end date are unconfirmed.

What the old card covered

The 2013 card gave 10% off marked prices, including reduced-price goods and repairs, in the group’s UK stores. Purchases had to be for personal use or gifts, not resale. The card could not be used with insurance vouchers, Signet corporate vouchers or the brands’ gift cards. Signet could also exclude particular promotions.

Who qualified

The 2013 page offered the card to holders of London-traded shares, with no minimum holding. It did not say whether New York holders qualified. Signet cancelled its London listing in March 2016, but did not link that decision to the card.

How shareholders received and used it

The first-named holder on the UK register received a card automatically. Joint holders could request cards each year. Nominee holders needed their nominee to confirm ownership to the Company Secretary, repeating the request at each November renewal. This was Signet’s requirement; we have no tested broker claim.

Cardholders signed the card and presented it with proof of identity when buying. It stopped being valid if they sold their shares.

History

  1. London listing cancelled

    Signet cancelled its London listing while retaining its New York listing. It said London accounted for less than 1% of its annual trading volume.

  2. 2013 card expired

    The 2013 terms set this expiry date for the card. An annual card’s expiry does not establish when the scheme itself ended.

  3. Eligibility reworded to London-traded shares

    The card page referred to holders of London-traded shares, replacing the earlier wording about the UK register.

  4. Continued after the move to Bermuda

    The reorganisation circular preserved the scheme for holders on the UK register after Signet moved to Bermuda. Shareholders with fewer than 20 old shares received cash instead of replacement shares, but could keep using a card for up to two years.

  5. Card described in the 2003 shareholder FAQ

    The 2003 shareholder FAQ described a card for UK-register shareholders, including a request route for nominee holders. It does not establish when the scheme began.

Where to look instead

Browse UK shareholder perks.