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How to account for new class shares?

Help with share issues under SBP scheme

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Looking at group share-bases payment scheme - cash-settled. The company is creating new growth shares to issue to employees that will vest over 5yr with the employee entitled to cash-payout over a hurdle amount.

1. the company creates a new share class - what are the accounting entries for being this class of share one books?

2. On day 1 on plan employee is given a growth share for no subscription cost. 
- I understand  this would mean an IFRS 2 expense then starts building over vesting period. Ie. Expense and cr liability (cash payout). But how do you account for the fact the share belongs to the employee? 
Thanks!

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