Employee share purchase funding requires member special resolution, exchange purchase if listed, valuer if unlisted, trustee limits and disclosure. Company funding for employee share purchases is permitted only if approved by members via a special resolution, purchases of listed shares occur through a ... Summary
Employee share purchase funding requires member special resolution, exchange purchase if listed, valuer if unlisted, trustee limits and disclosure.
Company funding for employee share purchases is permitted only if approved by members via a special resolution, purchases of listed shares occur through a recognised stock exchange, unlisted share valuations are by a registered valuer, aggregate company funding is capped relative to paid up capital and free reserves, trustees are subject to eligibility restrictions, and the explanatory statement and the Board's report must include prescribed particulars about beneficiaries, trustees, interests, benefits and the exercise of voting rights.
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