Rule 15 letter—general offer
Rule 15 letter—general offer

The following Share Incentives guidance note provides comprehensive and up to date legal information covering:

  • Rule 15 letter—general offer
  • The ScheduleUK Tax Summary

THIS LETTER IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the Offer or the action you should take, you are recommended to seek your own personal independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser in the relevant jurisdiction.

The release, publication or distribution of this document and/or the accompanying documents in jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this document comes should inform themselves about and observe such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This document does not constitute an offer to sell or issue, nor the solicitation of an offer to buy or subscribe for, shares in any jurisdiction in which such offer or solicitation is unlawful.

To participants in the [insert name of Share option Scheme(s) to which this Rule 15 Letter relates (Share Option Scheme(s)] holding share options with an exercise price below £[insert offer price] per [insert class and name of shares].

Dear Participant