Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Shares definition

What does Shares mean? In company law practice, a share is a unit of a member’s interest in a company, carrying the rights and obligations attached to its class (for example, voting, dividends and return of capital on a winding up). The Companies Act 2006 simply states that a share is a share in a company’s share capital; the Irish Companies Act 2014 adopts a broadly equivalent approach. Usage and effect are consistent across England & Wales, Scotland, Northern Ireland and Ireland. A company’s share capital comprises the number of shares it allots and issues to investors on or after incorporation. Those...

UK EMI share option rollover on acquisition: template offer letter to exchange options for acquiring company shares; acceptance procedure and consequences of non‑acceptance

Published by a LexisNexis Share Incentives expert

Precedents

[ insert option holder’s name ]

[ insert option holder’s address ]

Dear [ insert option holder’s name ]

Formal proposal to carry forward an option issued under [ insert name of scheme/details of the option agreement pursuant to which the option was granted ] (EMI Scheme)

1 Introduction

1.1 We draw your attention to the following:

1.1.1 the intended purchase of [ insert name of company whose Shares are currently under option ] (Company) by [ insert name of acquiring company ] (Acquiring Company and Acquisition) and
1.1.2 the EMI option relating to [ insert number of shares originally granted under option and the class of shares ] shares in the Company (Option) awarded to you pursuant to an option agreement dated [ insert date of the option agreement pursuant to which the original option was granted ] (Option Agreement).

1.2 This correspondence outlines in detail the Acquiring Company’s proposal concerning the Option...

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Web page updated on 22/05/2026

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