Enterprise Management Incentive (EMI) valuations
Currently valuations of EMI options are valid for 90 days from the date of the agreement and options need to be granted within this time. Where coronavirus (COVID-19) has led to a delay in granting options beyond the 90 days, provided there has been no change that may affect the valuation, the following will apply:
- any EMI valuation agreement letters already issued, where the 90 days expires on or after the 1 March 2020, can be automatically treated as being extended by a period of 30 days
- any new EMI valuation agreement letter issued on or after 1 March 2020 will be valid for 120 days
For further details on EMIs, see the Setting up and administering an EMI scheme guidance note.