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UK share incentives weekly highlights: CSOP takeover partial rollovers, Zegona £129m bonus, HMRC 'non-qualifying distribution' terminology, and key consultation deadlines - 7 August 2025

Published on: 07 August 2025

Published by a LexisNexis Share Incentives expert
Legal News
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In this issue:

  • New content
  • Corporate governance
  • Trackers
  • Useful Information
  • Dates for your diary
  • Weekly highlights from other practice areas

New content

New Q&A

When a CSOP company faces a takeover, can there be a partial rollover of its CSOP options, and might that be extended only to selected CSOP option holders rather than universally?

Corporate governance

Zegona Communications CEO receives £129m bonus

Reports note that the CEO of Zegona Communications plc received a £129m bonus last year, together with annual pay and benefits approaching £2m, making him the highest‑paid chief executive of a London‑listed company. Zegona’s operations chief also took home a total package worth £66m. The awards followed Zegona’s purchase of Vodafone’s Spanish business last year. As set out in Zegona’s annual report, the awards arose under the company’s long‑standing management share incentive scheme, intended to deliver ongoing remuneration closely aligned with the creation of value for shareholders. Under that scheme, share award allocations are granted which confer an entitlement to 15% of any increase in Zegona’s value across a series of separate calculation...

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