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Profit sharing scheme and dividends

Pete2k · 2016-10-25 09:15:39

I work for a subsidiary of a french company and own shares in the parent company thru a profit sharing scheme at work. The parent company gives an option to buy additional shares in it instead of receiving a cash dividend however the operator of the scheme compushare say it is against irish law to exercise the share option…

25-10-2016 9:15am

#1

Pete2k

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I work for a subsidiary of a french company and own shares in the parent company thru a profit sharing scheme at work. The parent company gives an option to buy additional shares in it instead of receiving a cash dividend however the operator of the scheme compushare say it is against irish law to exercise the share option and insist on paying the dividend in cash. I av looked at revenues it62 leaflet and can't see anywhere it says this. Can anybody confirm if they are right or wrong ere?

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#2 25-10-2016 9:22am

ArthurG

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I work for a UK based FMGC and am in the same boat - I can't divert dividend proceeds to buy new shares. UK colleagues can. While I've never questioned it I've always understood that the law, so happy to be told otherwise.

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