Taxes Consolidation Act 1997 Schedule 12A paragraph 26

Share price

Paragraph 26 sets out the rules for fixing the price at which scheme shares may be acquired on the exercise of rights obtained under an approved savings-related share option scheme.

• The acquisition price must be stated at the time the right is obtained.
• The price must not be manifestly less than 75% of the market value of shares of the same class at that time.
• An earlier valuation date may be used if agreed in writing between Revenue and the grantor company.
• The scheme may provide for the price to vary to reflect any variation in the share capital of which the scheme shares form part.