Share plans and proprietary estoppel: be careful what you promise – Kingsley Napley Employment Law Blog

Posted November 11th, 2025 in news by Simon

‘A recent High Court decision highlights the importance of seeking legal advice when dealing with exit negotiations involving share plans. In this case, the High Court found that the CEO of Global Data plc did not exercise discretion under a share plan to allow the employee to retain and exercise his share options beyond the termination of his employment. However, the employee was still entitled to a remedy under equitable principles because of the assurances made to him.’

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Kingsley Napley Employment Law Blog, 10th November 2025

Source: www.kingsleynapley.co.uk