EMI limit increased to £250,000 from 16th June

May 22, 2012


The Chancellor announced in the 21st March 2012 Budget that the individual limit to the value of shares subject to qualifying Enterprise Management Incentive (EMI) share options would be increased substantially from £120,000 to £250,000.  Under a statutory instrument (SI 2012/1360) made on 22nd May, the new limit will come into effect on 16th June 2012:  http://www.legislation.gov.uk/uksi/2012/1360/contents/made.  Companies should note that an amendment to the EMI plan rules may be necessary before options in excess of the old £120,000 limit can be granted.

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