Growth share EMI for UK retail business

2023

haysmacintyre designed and implemented an Enterprise Management Incentive (EMI) option plan over multiple classes of growth share, to give effect to a management ratchet mechanism. The shareholders wanted an incentive for the CEO to grow the business well beyond its current value and were willing to offer a higher equity percentage for each valuation threshold passed. haysmacintyre introduced specialist lawyers to create multiple share classes, with each share class paying out if the company is sold for above a certain hurdle. We then agreed share values for each share class with HMRC and drafted the relevant EMI option documentation.

The shareholders wanted an incentive for the CEO to grow the business well beyond its current value and were willing to offer a higher equity percentage for each valuation threshold passed. haysmacintyre introduced specialist lawyers to create multiple share classes, with each share class paying out if the company is sold for above a certain hurdle. We then agreed share values for each share class with HMRC and drafted the relevant EMI option documentation.

Awards and Accreditations

Accounting Excellence Large Firm of the Year 2023
eprivateclient top accountancy firm 2023

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