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Ordinary Resolution Number 6: That the remaining 19 581 490 unissued shares of the Company, out of the original 28,000,000 shares set aside and approved by shareholders in the 2011 EGM, for the eventual allocation to the Meikles Limited Employee Share Ownership Trust, be placed under the control of the Directors until they are fully issued and that the Directors shall have the authority to issue the shares to the Meikles Limited Employee Share Ownership Trust on such terms and conditions as they deem fit, provided that the shares shall be issued at a price calculated on the basis of the weighted average price of Meikles Limited shares over the thirty (30) days prior to the date of issue.
The Aer Lingus Employee Share Ownership Trust (ESOT) has had talks with Ryanair over its hostile bid for the Irish carrier.
Our plan actually keeps the Post Office in the public sector and enables Royal Mail employees to get a share in their company through a radical employee share ownership Trust, similar to the John Lewis Partnership.
4 per cent, the Aer Lingus Employee Share Ownership Trust with 12.
The Employee Share Ownership Trust will increase its holding in the company from just over 20% to 35%.
LONDON, September 2 /PRNewswire-FirstCall/ -- The Company was notified on 2 September 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:
The employee share ownership trust are expected to buy the shares.
The current, comparatively complicated, arrangements that have to be carried out to maximise the chances of a tax deduction, including the need to set up employee share ownership trusts, have put off many companies.