If an
unlisted company wants to have a period of time in
which it can grant options etc. the Employee Shares and Securities
Unit (ESSU) accept that a value agreed can be used for up to 60
days and the acceptance letter will say that the agreement is valid
for ( ) days subject to there being no substantial change in the
company’s circumstances or market situation during that
period.
The concession does not apply to shares traded on AIM,
NASDAQ’s third tier or anyother similar secondary exchange.
| Additional Guidance: SVM150000 |
