Two Legal 500 Recognised Corporate teams work together to assist in the implementation of an EMI scheme.

The Corporate and Commercial team at Wilson Browne Solicitors has recently assisted in the implementation of an EMI scheme.

An EMI scheme is a tax advantaged share option scheme that will grant employees an option to acquire shares in a company. Shares under such schemes are granted at a market value which is pre-agreed with HMRC such that the acquisition of the shares on exercise of the option will not attract any income tax or national insurance contribution liabilities.

An EMI scheme is often utilised for companies wishing to offer senior staff members the option to acquire shares and to promote the retention and progression of key employees.

The advice involved working closely with the employment team to bring this matter to conclusion and the team at Wilson Browne also liaised with the accountants to the clients concerned, to ensure that the transaction was completed smoothly, on time and in the most tax-efficient manner.

The project was led by Jennie Jahina, Partner and Head of the Employment Team, and Duncan Crowther, Partner and Head of the Corporate and Commercial Team.
Duncan Crowther commented:

“We were very pleased to assist with this transaction and to help to achieve the efficient implementation of an EMI scheme for the client. This transaction demonstrates the benefit of the firm’s ability to provide a complete full service offering on a regional basis”.

The Corporate and Commercial team at Wilson Browne is nationally recognised in the Legal500 and regularly advises clients on a wide range of corporate transactions, including business and company sales and acquisitions, management buyouts, company restructuring, intellectual property protection, and commercial contracts.

The Employment team at Wilson Browne regularly advises on all aspects of employment law, acting for both employer and employee clients on a wide variety of contentious and non-contentious matters.

For an initial no obligation discussion concerning any legal issues or concerns facing your business or company, please do not hesitate to contact us.