CG56534 | Employee share schemes: trustees: options

If trustees grant an employment-related securities option to an employee they are treated in the same way as if they were the employer, see CG56373 for unapproved options, CG56441 for Enterprise Management Incentives share options, and CG56415 for Company Share Option Plans.

Where trustees dispose of shares or other employment-related securities on the exercise of an employee securities option they are treated in the same way as if they were the employer unless Section 239ZA TCGA92 applies, see CG33580.

• See CG56373 for unapproved employment-related securities option schemes and CG56441 for Enterprise Management Incentive options and

• CG56415 for Company Share Option Plans.

There is an example at CG56391 of the trustees of an employee trust disposing of shares on the exercise of an option.