Late to the party

Thomas Dalby’s latest Tax Journal article looks at a company, whose former owners sold out to a private equity house.  As part of the transaction, a number of members of the senior management team subscribed for shares in the company at par. Since the deal it has become necessary to recruit two further managers, who were promised an award of free shares representing a % of the company. This article looks at what routes are open to satisfy these share promises?

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