EMI Share Options

Currently investigating how to go about setting up an EMI Share Scheme. I've understood what is needed but I need clarification on one small matter.

Shares must be ordinary and fully paid up.

When do they need to be fully paid up? Upon exercise or grant?

I assume it's upon exercise because how would you go about fulfilling this requirement on grant as the shares are not yet in issue??

 

(Sorry if this is a stupid question but my mind is trying to come up with all sorts of complications!!)

Comments
There is 1 comment. Login or register to view it.

On exercise

BKD |
BKD's picture