Having introduced the share incentive plan
they have now established an employee benefit trust which has a golden share - a nominal share able to outvote all other shares in certain specified circumstances.
More than one million workers are enrolled in Sharesave schemes, and a slightly smaller number in Share Incentive Plans
Leighton Reed, Broomfield & Alexander tax director, Allan Meek, managing director employees who have taken a stake in the company through a share incentive plan
The partners each purchased 27 shares and were also allocated the same number of free matching shares as set out under the Company's Share Incentive Plan
In a separate announcement, the company issued notice pursuant to the relevant disclosure and transparency rules that four persons (Michel Combes, Andrew Halford, Matthew Kirk and Stephen Scott) holding a directorship or otherwise employed in a managerial role each acquired 182 shares in the company, pursuant to the rules of the Vodafone Group Share Incentive Plan
. Combes and Halford are directors of Vodafone Group plc.
The figure represents theamount of tax which could be saved if each of the estimated 865,000 staff currently in savings-related share option scheme invested just half the level of investment permitted under the Government's Share Incentive Plan
(pounds 1,500 each), launched in 2001.
He can also draw on benefits worth pounds 593,140 from a medium-term share incentive plan
- taking his total potential payout to about pounds 3.1million.
Another part of the offer is a share incentive plan
enabling employees to buy Peugeot Group shares tax-free and in return receive some free shares from Peugeot Group.
The drop in Sir Martin's 2016 pay packet reflected the falling value of his long-term share incentive plan
, known as LEAP, which eased back from PS62.8m to just over PS41m.
"Employees should make the most of this tax-saving opportunity, and an independent financial adviser can help you decide whether a Share Incentive Plan
suits your own financial circumstances.
As a result, staff will now get up to pounds 6,000 in cash before tax and national insurance if they have been at the company since June 2007, plus the pounds 3,000 maximum which the Inland Revenue allows companies to put into a Share Incentive Plan
The directors and PDMRs were also awarded 27 free matching shares under the company's Share Incentive Plan