Section 205A(5)

The statement referred to in subsection (1)(c) must— state that, as an employee shareholder, the individual would not have the rights specified in subsection (2), specify the notice periods that would apply in the individual's case as a result of subsections (3) and (4), state whether any voting rights attach to the employee shares, state whether the employee shares carry any rights to dividends, state whether the employee shares would, if the company were wound up, confer any rights to participate in the distribution of any surplus assets, if the company has more than one class of shares and any of the rights referred to in paragraphs (c) to (e) attach to the employee shares, explain how those rights differ from the equivalent rights that attach to the shares in the largest class (or next largest class if the class which includes the employee shares is the largest), state whether the employee shares are redeemable and, if they are, at whose option, state whether there are any restrictions on the transferability of the employee shares and, if there are, what those restrictions are, state whether any of the requirements of sections 561 and 562 of the Companies Act 2006 are excluded in the case of the employee shares (existing shareholders' right of pre-emption), and state whether the employee shares are subject to drag-along rights or tag-along rights and, if they are, explain the effect of the shares being so subject.

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