Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Share definition

What does Share mean? A share is a unit of ownership in a company used to allocate control and economic benefit among shareholders in corporate governance and transactions. Company law in the UK (Companies Act 2006) and Ireland (Companies Act 2014) sets the framework for shares and shareholder rights, though the precise rights arise from statute and the company’s constitution. Key features include: a bundle of rights (typically voting, dividends, information and a share of surplus on winding up); limited liability (exposure capped at any unpaid amount on partly paid shares); transferability subject to statutory and constitutional restrictions; and legal title evidenced...

UK Statutory Tax-Advantaged Share Incentive Plan (Schedule 2 ITEPA) Acquisition Due Diligence Questionnaire

Published by a LexisNexis Share Incentives expert

Precedents

Introduction

This legal Due diligence questionnaire concerns the intended acquisition by [ insert buyer name ] (the Buyer ) of the whole of the issued Share capital of [ insert name of target company ], a company incorporated in England and Wales under number [ insert company number ] (the Company ), from [ insert seller name ] (the Seller ) (the Proposed Acquisition ).

Its purpose is to equip the Buyer, the Buyer’s solicitors and any other professional advisers engaged on the Proposed Acquisition with the information the Buyer needs about the Company’s statutory tax advantaged Share Incentive Plan(s) ( SIP(s) ) so that it can value the Company and appraise the risks connected with the SIP(s).

Kindly respond to every question in full. Place your replies in italics directly below each question and supply copies of all relevant documents, ensuring each answer and document is clearly cross‑referenced to the corresponding paragraph of this questionnaire, where applicable and without omission. We reserve the right to raise additional enquiries both arising from your replies to this questionnaire and more broadly...

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Web page updated on 22/05/2026

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