Notice of exercise of option


Published by a ½Û×ÓÊÓƵ Share Incentives expert
Precedents

Notice of exercise of option


Published by a ½Û×ÓÊÓƵ Share Incentives expert

Precedents
imgtext
The Company secretary[insert date of letter]
[insert name of company who granted the option] (Company)
[[insert address of company that granted the option]]

Form of notice of exercise

From: [insert name of option holder]

    1. 1

      Exercise of the Option

      I refer to the option granted to me on [insert date on which the share option was originally granted] over [insert class and Nominal value of shares under option] shares in the Company (Shares) [under the terms of the [insert name of plan under which option was granted] (Plan) OR by a deed entered into by the Company on that date (Deed)] (Option), and hereby give notice that I am exercising the Option in respect of [insert number of shares being exercised] Shares at the Exercise price of £[insert exercise price per share as in the original grant documentation] per Share (Exercise price) and request the allotment or transfer to me of those Shares in accordance with the terms of the [Plan OR Deed OR and the Memorandum and Articles of Association of the Company.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Company secretary definition
What does Company secretary mean?

The role of a company secretary is not prescribed by the Companies Act 2006 but will usually involve: maintaining the company's records and registers, filing documents with Companies House and running the agenda for and taking minutes of board and members' meetings.

Read more

Popular documents

Unapproved share options—tax treatment

Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7, Chapter 5) (ITEPA 2003)) apply to securities options that are employment-related. These are the rules that typically bring unapproved share options within

Nil paid shares and partly paid shares—practical considerations

Nil paid shares and partly paid shares—practical considerationsThis Practice Note considers what nil paid shares and partly paid shares (PPS) are and the circumstances in which a company is most likely to use them as part of its share incentive arrangements. It also looks at the practical

Notice of exercise of option

Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of company that granted the option]]Form of notice of exerciseFrom: [insert name of option holder]1Exercise of the OptionI refer to the option granted to

Growth shares—practical examples and comparisons with options

Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a specially constituted class of shares which have restricted rights. These rights are designed to allow the growth shareholder to participate only in