ETASSUM33170 - Schedule 3 SAYE option schemes: Shares to which schemes can apply: Fully paid-up and not redeemable

The purpose of paragraph 20 is to ensure that the shares that employees receive through Schedule 3 SAYE option schemes are:

• fully paid-up (paragraph 20(a)), and - see ETASSUM33180,
• not redeemable (paragraph 20(b)), see ETASSUM33190.