My client holds ordinary shares in his own right in his former employer and has now received further ordinary shares via a share scheme. These shares are identical ordinary shares so presumably the new acquisition will be pooled with the existing holding? "...all shares of the same class in the same company are identical"
This will be important as some of the shares which have been exercised have been immediately sold to cover the PAYE tax liability. On the basis that the shares will all be pooled, a gain will arise as the base cost of the original shares is much lower than the exercise price.
Many thanks for clarifications.