Section 205A(1)

An individual who is or becomes an employee of a company is an “ employee shareholder ” if— the company and the individual agree that the individual is to be an employee shareholder, in consideration of that agreement, the company issues or allots to the individual fully paid up shares in the company, or procures the issue or allotment to the individual of fully paid up shares in its parent undertaking, which have a value, on the day of issue or allotment, of no less than £2,000, the company gives the individual a written statement of the particulars of the status of employee shareholder and of the rights which attach to the shares referred to in paragraph (b) (“the employee shares”) (see subsection (5)), and the individual gives no consideration other than by entering into the agreement.

← 205A · All articles · 2 →

Source: legislation.gov.uk · retrieved 2026-09-04