EMI notification template: guidance notes
Updated 6 February 2024
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This publication is available at https://www.gov.uk/government/publications/enterprise-management-incentives-emi-notification-template/emi-notification-template-guidance-notes-4
These notes will help you fill in the Enterprise Management Incentives (EMI) notification template.
| Column | Description | Guidance |
|---|---|---|
| G | Number of shares over which the option was granted | Enter the total number of shares each employee was awarded |
| H | Exercise price per share | Enter the price the employee will pay per share Enter the amount in pounds sterling up to 4 decimal places Enter 0.00 if the: • employee will not be making a payment for their shares when the shares are exercised • exercise price is to be determined by means of a formula |
| I | Actual Market Value (AMV) |
AMV is the market value of a share after taking into account any restrictions or the risk of forfeiture as set out in the company’s articles of association Restrictions on the transfer of shares as contained in the articles may be treated as restrictions for this purpose |
| J | Total unrestricted market value at date of grant of employee’s unexercised options including Company Share Option Plan (CSOP) options | If the employee has any unexercised CSOP options as well as their EMI options, enter the total unrestricted market value of both sets of unexercised options There is a £250,000 limit on holding options over shares. Any options you grant the employee over this will not be qualifying options. When this happens you must register a non-tax advantaged scheme |