Letter to be sent to LTIP award holders on a rights issue
Produced in partnership with Karen Cooper of Cooper Cavendish
Letter to be sent to LTIP award holders on a rights issue

The following Share Incentives precedent produced in partnership with Karen Cooper of Cooper Cavendish provides comprehensive and up to date legal information covering:

  • Letter to be sent to LTIP award holders on a rights issue

[insert name of award holder]

[insert address]

[insert postcode]

[insert date]

Dear [insert name of award holder],

[insert name of plan] Long Term Incentive Plan: effect of recent rights issue on your LTIP award[s].

    1. 1

      Introduction

      On [insert date], [insert name of company] (the Company) invited each of its shareholders to subscribe for additional shares in the Company. Shareholders were entitled to subscribe for [insert number] of new shares for every [insert number] shares they already held. Shareholders were asked to pay [insert currency and amount] for each new share, which was a discount of approximately [insert currency and amount] to the share price on [insert date]. [More information about the rights issue can be found in the enclosed copy of the document sent out to shareholders.]

    1. 2

      Effect of the rights issue on your LTIP award

      We are writing to you because you currently hold awards under the [insert name of plan] Lon

Popular documents