Insights: John Forde

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Event: Employee share incentives in private companies

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Share incentives can offer a cost and tax efficient way to motivate and reward employees. However they are often overlooked by private companies who assume that establishing a share plan would be […]

Fladgate advises Sirius Petroleum plc on readmission to AIM and fundraising

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Fladgate LLP has advised AIM listed Sirius Petroleum plc on its proposed readmission to trading on AIM as an operating company, contemporaneous with a US$9.5m equity placing and entry into a convertible loan facility of US$12m with London Oil & Gas Limited. The combined proceeds of the placing and the convertible loan facility will allow the Company […]


Fladgate celebrates a bumper run closing five AIM deals for clients in the energy and resources sector

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Fladgate’s capital markets team has had an impressive run to the end of 2017 after successfully closing its fifth AIM listed transaction last week. Sirius Petroleum’s proposed re-admission to AIM and US$21.5m fundraising follows deals for Angus Energy, Papua Mining, Tri-Star Resources and Tiger Resource Finance. More details below: Sirius Petroleum plc: readmission to AIM as […]


Motivating and rewarding key employees through share-based incentives

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There are various ways to motivate and reward key employees through share-based incentives. The optimum structure for any given company will depend on its specific circumstances and commercial objectives. Enterprise Management Incentive (EMI) option plans are widely recognised as an attractive and very tax efficient structure and are therefore the first port of call for […]


Growth shares

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What is the purpose of growth shares? Growth shares are used in employee incentive planning. They are often considered when an employer does not qualify for one of the tax advantaged share option structures (e.g. EMI or CSOP; see our separate briefing notes for more detail on these topics). Growth shares offer an alternative means […]


Nil paid shares

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What is a nil paid share? Nil paid shares are used in employee incentive planning. They are often considered when an employer does not qualify for one of the tax advantaged share option structures (e.g. EMI or CSOP, see our separate briefing notes for more detail on these topics). They offer an alternative means to […]


Joint Share Ownership Plan

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What is a Joint Share Ownership Plan? A Joint Share Ownership Plan (JSOP) is an incentive structure designed to provide equity to senior employees without a significant Income Tax charge and enable them to participate in any future growth in value of the company. Future growth in value of the shares should be subject to […]


EMI share option plan

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What is an EMI share option plan? EMI stands for “Enterprise Management Incentive”. Like any share option plan, an EMI plan involves giving an employee a contractual right (an option) to acquire shares at some point in the future for a specified price. However EMI plans offer significant tax advantages to other forms of option […]


Company Share Option Plan

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What is a Company Share Option Plan? A Company Share Option Plan (CSOP) is a form of share option arrangement that qualifies for certain government approved tax benefits. It is less attractive than an Enterprise Management Incentive (EMI) share option plan (see our EMI briefing note) in both tax and practical terms, so it is […]


Fladgate advises CTI Engineering on successful £43m recommended cash offer for Waterman Group

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Fladgate, jointly with Lewis Townsend LLP, has advised CTI Engineering Co. Limited on its successful recommended cash offer for Waterman Group Plc, which values Waterman at approximately £43m. CTI is the oldest of Japan’s top three ranked major consulting engineering companies and has had a full listing on the Tokyo Stock Exchange since 1996. Waterman […]


Fladgate advises Mindspace on the opening of its first London coworking space

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Fladgate has assisted Mindspace, a European provider of coworking space, in its entry into the UK market and all legal aspects relating to the opening of its first facility in London.  This involved completing a lease of two floors totalling 31,000 sq ft at the Relay Building, London E1 and assisting Mindspace with its plans […]


Fladgate advises Seastar on £15m refinancing of Strand development

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Fladgate has advised the award winning residential developer Seastar on the £15m refinancing of its luxury apartment development (Strand Chambers) at 227-228 Strand in London. The refinancing follows a sale of the retail and restaurant units on the lower floors for £4.5m which completed in February and comprised a number of stages including: The transfer […]