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if you don't really need the cash, and the company isn't a total basket case, taking the shares doesn't sound like a terrible idea.
(as in, the cash isn't going to do much and you'll probably just spend it on beer as you mentioned earlier, whereas the shares might return something over time)
ChasnotRobert-
I don't need it but I do like bigger numbers in my account whereas shares are just funny money.
The thing is, the option price is more than the shares are worth currently so I could just take the money and buy shares if I wanted shares.
"If you choose this action, we will send you a share certificate for the shares you will have bought, normally about two weeks after receipt of your Maturity Instruction"
Where will the shares 'sit' then? It's not like I have a share portfolio with them. I guess the scheme has their own share repository or something? Or are we talking paper certs here? No one does that surely?
"If you put the shares into an
Individual Savings Account (ISA) or
pension as soon as you exercise the
Option to buy shares you may not
have to pay Capital Gains Tax."I guess the point is, they're assuming the shares will have increased in value and you then get to buy them cheap, but this hasn't happened and I don't give a shit about having shares... so maybe I should just take the money and run.
hippy
my employer, ftse