Implementation of an EMI plan to give effect to shares already earned by the CEO, including agreement of valuation methodology with HMRC.

Implementation of an EMI option plan over multiple classes of growth share to give effect to a management ratchet mechanism.

haysmacintyre advised BWP REIT Plc on its admission to IPSX.

BWP REIT Plc raised £35m through the issuance of 35 million new ordinary shares.

This was a very complex deal augmented by a significant pre-sale restructuring of the target group, which was also undertaken by haysmacintyre, to remove non-core companies just prior to sale. This included designing the restructuring steps so that there were no downsides to the EMI status of employee options. Furthermore, the US buyer’s tax qualifying status introduced its own pre-sale structuring issues that we resolved with ultimately a simple solution.

haysmacintyre provided tax and sale and purchase agreement advice on the company’s sale to Cohen Media Group

haysmacintyre provided accounting and tax advisory services throughout the sale process. Deal value of up to £11.5m, consisting of cash, equity and Earn Out.

Key highlight: we helped to secure an immediate benefit for the Sellers on the tax deduction arising from share options and make changes to the Earn Out schedule on accounting policies so it was more Seller friendly

haysmacintyre provided tax and advisory services on the £40m sale of the company

haysmacintyre acted as reporting accountant on Inteliqo Limited’s successful placing of 112,500,000 ordinary shares and admission to trading on Aquis