EMI vs growth shares calculator

What's the best option to give shares to your team?

The calculations below are based on .

  • No other shares have been issued
  • Existing shareholders have paid nothing for their shares (and will be subject to CGT at 20% on sale)
  • EMI options are exercised at current share price and proceeds are added to exit valuation
  • EMI options are only exercised on exit (and will be subject to Entrepreneurs' Relief CGT at 10% on sale)
  • Growth shares are issued at a hurdle above current share price
1

Business valuation

Current valuation
Assumed exit valuation
Current valuation
£
Assumed exit valuation
£
2

Current shares

Total shares issued
Current share price
Hope premium
Hurdle price
Total shares issued
Current share price
Hope premium
%
Hurdle price
3

Existing shareholders

Name
Ownership
Number of shares
Name
Ownership
%
Number of shares
Name
Ownership
%
Number of shares
Name
Ownership
%
Number of shares
4

New shareholders

Name
Ownership
Number of shares
Name
Ownership
%
Number of shares
Name
Ownership
%
Number of shares
Name
Ownership
%
Number of shares
5

Out-turn on exit

With EMI options
With growth shares
Name
Net benefit
%
Net benefit
%
Name
With EMI options – Net benefit
With EMI options – %
With growth shares – Net benefit
With growth shares – %
Name
With EMI options – Net benefit
With EMI options – %
With growth shares – Net benefit
With growth shares – %
Name
With EMI options – Net benefit
With EMI options – %
With growth shares – Net benefit
With growth shares – %
Name
With EMI options – Net benefit
With EMI options – %
With growth shares – Net benefit
With growth shares – %
Name
With EMI options – Net benefit
With EMI options – %
With growth shares – Net benefit
With growth shares – %