Employee Share Ownership Trust


Also found in: Acronyms.

Employee Share Ownership Trust

An employee benefit in which employees are sold shares in the publicly-traded company for which they work through a trust. ESOTs are designed to help give employees equity in the company to boost morale and thereby improve productivity. It also provides the company with a source of revenue. Buying shares through an ESOT gives employees various tax benefits, and may give employees a greater say in the election of the board of directors. It is similar to, but different from, an employee stock ownership plan.
References in periodicals archive ?
LONDON, July 15 /PRNewswire-FirstCall/ -- The Company was notified on 15 July 2005 of dealings in its Ordinary Shares of 305/14 pence each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
As well as this year's losses there was also a EUR28million payment to the Employee Share Ownership Trust (ESOT) to buy shares for Eircell employ-ees who left the group because of the demerger.
LONDON, July 11 /PRNewswire-FirstCall/ -- The Company was notified on 8 July 2005 of dealings in its Ordinary Shares of 30 5/14 pence each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
It raised new doubts about a reported decision by the Eircom's Employee Share Ownership Trust to accept the O'Reilly offer.
LONDON, June 21 /PRNewswire-FirstCall/ -- The Company was notified on 17 June 2005 and 20 June 2005 of dealings in its Ordinary Shares of 25p each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
A spokesman for the National Toll Roads re-iterated an earlier comment that it had an Employee Share Ownership Trust in place for the past three years.
LONDON, June 10 /PRNewswire-FirstCall/ -- The Company was notified on 10 June 2005 of dealings in its Ordinary Shares of 25p each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
the Group's Employee Share Ownership Trust to fulfil any
9% owned by employees (the Employee Share Ownership Trust holds 12.
LONDON, June 3 /PRNewswire-FirstCall/ -- The Company was notified on 3 June 2005 of dealings in its Ordinary Shares of 25 pence each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
LONDON, April 22 /PRNewswire-FirstCall/ -- The Company was notified on 22 April 2005 of dealings in its Ordinary Shares of 25p each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
LONDON, April 15 /PRNewswire-FirstCall/ -- The Company was notified on 15 April 2005 of dealings in its Ordinary Shares of 25p each ("United Shares") by the Trustee of the United Business Media Qualifying Employee Share Ownership Trust (the "QUEST"), which is a discretionary trust for the benefit of UK employees (including executive directors) of the United Group, in connection with the exercise of SAYE options:
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