About Us
ESP-Software
ESP-Software is supported by employee share plans specialists and consultants who have wide experience in employee share plans,
and IT experts who are providing solutions using information technologies, especially designing and programming
databases, developing software for desktop and the Internet, having over a decade's practical experience of developing software.
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FAQ: What happens if the company is taken over?
The old company’s shares in the plan are usually exchanged for the new company’s shares. Income tax reliefs continue to apply to the shares you have already been awarded, but tax charges will apply to any that you take out early following the normal rules. The trust set up to administer the plan for the old company shares stays in place at least until all of those plan shares have come out of that plan.
If the new company wishes to make awards of shares after the take over it will need to set up a new plan (if it does not already have an approved plan) - it cannot use the plan you have been participating in to award shares in the new company.
Source: Inland Revenue
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