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ARTICLE · 01 OCTOBER 2021

Positive Employee Share Solutions For Global Company

Ocorian
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Our client is a global natural resources company with over 90,000 employees and c. US$10 billion EBITDA. We administer an employee share trust for the client and provide the corporate nominee facility for international employees.

JerseyCorporate/Commercial Law
Brendan Dowling
Brendan Dowling

Brendan Dowling, Managing Director - Jersey, highlights how our employee incentives team were able to maximise cost savings for our global client through a structured share purchase.

Our client

Our client is a global natural resources company with over 90,000 employees and c. US$10 billion EBITDA. We administer an employee share trust for the client and provide the corporate nominee facility for international employees.

Challenge

The client had a significant number of employee share awards due to vest and we worked with them to explore ways in which they could meet their commitment in a cost-effective manner.

Our solution

Having evaluated a number of options, we agreed that we would enter into a structured share purchase whereby we as trustee of the trust purchased the shares over a 30-month period with the aim of ensuring the trust had sufficient shares to satisfy the awards vesting at the end of the award period.

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