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Knowledge Base: Share Options Guide

Last updated
22nd October 2024

This article includes:

Setting Up an Options Scheme

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Step 1: Defining the Options Scheme

Total Share Pool Size

Convert to Share Type

(Optional) Skip shareholder resolution

Articles of Association

Finish Defining the Scheme

Step 2: Approving the Options Scheme

Documents for Approval

Always Require Signature:

May Require Signature (only if investor consents were selected during funding round):

Signing the Documents

Types of Options Schemes

1. EMI (Enterprise Management Incentives) Options

2. Unapproved Options

Setting Up a New EMI Valuation

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Note: you can skip the valuation setup if you already have an approval from HMRC. TODO - Uploaded image description

1. Download Spreadsheet Template

Download the valuation template from the platform.

2. Input Values

Fill in the template, which will calculate your company’s valuation.

3. Upload Completed Spreadsheet

Upload the filled-out spreadsheet back to the platform. TODO - Uploaded image description

4. Fill in Market Values

Enter the Actual Market Value and Initial Unrestricted Market Value based on the spreadsheet’s calculation. TODO - Uploaded image description

5. Select Valuation Date

Specify the requested start date for the valuation to HMRC. TODO - Uploaded image description

6. Fill in Share Details

Include the number of shares, price per share, etc. TODO - Uploaded image description

7. Fill in Other Details

Provide your HMRC Company Reference and any other relevant details for the valuation. TODO - Uploaded image description

8. Save the Valuation

The information is saved to generate the VAL231 form for HMRC submission. TODO - Uploaded image description

Important Notes:

After Submission:

Granting Options

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1. Enter Grant Holder Details

2. Define the Grant

3. Vesting Options:

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4. Create the Share Option Grant

5. Invite to the Platform

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Managing Options

Once the options are granted, you can track their status and manage them on the platform.

You can also download a csv report.

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