Ledgy

Ledgy now integrates with ShareReporter to help relieve tax headaches for companies operating international share plans. ShareReporter provides tax information for 90+ countries covering a full range of share plans including stock options, RSUs and more. With ShareReporter and Ledgy working together, you can understand the correct tax rules applicable per jurisdiction and configure to which employees they apply to estimate withholding taxes easily. Want to learn more? Get in touch with us now! https://lnkd.in/eq_ZAAVm

We are delighted for the 20,000 Tesco team members sharing almost £30m in proceeds from the retailer's employee share scheme! Tesco's SAYE plan gives employees the chance to purchase shares at a discounted rate, investing up to £500 per month in the scheme. #employeeownership #SAYE #sharesave https://lnkd.in/eN6yTmtc

The software revolution has transformed equity management in the private markets, but public companies have been left behind… Until now. Introducing Ledgy’s compliant share plan management for listed companies. A modern platform for modern teams to manage compliance, automate share plan admin and generate instant financial reports. Are you ready to level up your share plan management with Ledgy? Get in touch with us now! https://lnkd.in/dCrQ3ZTP

We’ve announced ambitious goals to transform the way listed companies manage their share plans. But just how do we plan on achieving that? Equity and share plan management in public companies means even more complexity – and compliance risk – than in private companies. With our team, network of equity experts, and customers, we’re building a modern, compliant platform for listed companies to run best in-class share plans. And we’re excited to tell you more about what our product roadmap looks like for the near future! Stefanie Lynch, Ledgy’s Head of Product breaks down how we are building Ledgy for public companies, here: https://lnkd.in/d_p_FwWz

We're sure there's absolutely nothing else taking up your time today... #generalelection But while you're here, why not get your latest dose of Ledgy's Equity Data Pulse? Amid continued geopolitical uncertainty and in a funding environment being reshaped by AI, cybersecurity was the hottest vertical for fundraising on Ledgy in Q2. Transport, fintech, SaaS and healthcare rounded out the top five verticals attracting investors in the first half of this year. Also in this edition: - Employee ownership levels reduced slightly in Q2 compared to the previous quarter, while founder ownership increased - Still tough times in the fundraising race? After registering a welcome uptick in May, new funding rounds dropped again in June. Overall, the number of new funding rounds have now declined in five months out of the last six. All this and more in your latest Equity Data Pulse! Read now: https://lnkd.in/eKY4SPUB

Introducing: Ledgy for public companies! The innovative way for listed companies to manage their share plans compliantly. Trade and settle equity awards, automate share plan admin and keep your team informed on one modern platform. Ready to level up with Ledgy? Get in touch with us now: https://lnkd.in/eY5wFHEW

Too often, public companies have to fit their requirements around the tech they get from old-school incumbents. We think they deserve better. Today we announce our partnership with ZEDRA Group to give public companies the best-in-class infrastructure for equity and share plan management they deserve. ZEDRA, a leading corporate services specialist, is Ledgy’s nominee partner for public companies, giving listed businesses a compliant route to simplify share plan administration and stakeholder management on the cap table. Our goal is to build end-to-end infrastructure to give public companies a smoother, more accurate process for end-to-end share settlements, easing the administrative burden for internal teams and providing a compliant, regulated service that delivers a better experience for all stakeholders. Learn more about the partnership: https://lnkd.in/enQ4QBpA

We’ll have a new government very soon. Keir Starmer, Rt Hon Rachel Reeves - there’s an easy and quick lever to support the growth of our tech sector, which no one seems to be talking about: better employee equity schemes. 👇 The UK has had a tax-efficient employee equity scheme for a long time now - the ‘EMI share scheme’. This enables companies to easily grant share options to employees at no cost to them, and those employees then benefit from 10% capital gains tax on the sale of their shares when the company exits. This sounds great on paper. The problem with this scheme is that it encourages fast-growth businesses to stay small and exit early - the exact opposite of what we should be aiming for if we want more homegrown global tech firms. EMI scheme rules have critical limitations for companies with IPO-level ambition: ⏰ 10 year shelf-life: EMI shares expire after 10 years. If the company doesn’t exit in that timeframe, the employee loses them - so the EMI shares have to be replaced with less tax-efficient options. On average it takes ~13 years from starting a company in Europe to IPO. This makes no sense. 🛑 250 people limit: Companies can’t issue EMI shares to new employees once they exceed 250 staff. While headcount isn’t a measure of success, surpassing the 250 mark is when you start bringing in more seasoned people who know how to operate at scale. This talent (all talent!) needs an attractive incentive scheme if they are to leave large, long-established companies to join fast-growth startups. 💵 Limited liquidity: It is high risk to invest 10+ years of your career in a startup with all the focus on a single large exit event. One way to smooth the journey for employees is to enable secondary share sales along the way. This means they can realise some of the value of their hard work at intervals in that journey, eg in funding rounds. For most scale-ups, it is complex and tax-punitive to enable secondary EMI share sales for employees. HMRC are unwilling to bend on this point and I’m yet to be given a good reason why. So, the EMI scheme is great for small companies, but not so great for larger, high-growth tech companies. This is easy to fix. We should: ✅ Extend the lifespan of EMI options way beyond a decade ✅ Enable companies to issue them long after the 250-people mark ✅ Offer much more flexibility on employees’ liquidity without impacting their tax benefits I’ve raised EMI scheme issues with HMRC multiple times in the last few years, as well as directly with senior leaders in the current government at Number 10. Neither have been open to changing anything. For a new government focused on growth, making these changes is a simple way to have a massive impact. Let’s make it much easier for our startups to attract, retain and reward the absolute best talent and build more industry-defining UK tech companies as a result. 

We are happy to announce that Ledgy has become a member of ProShare, the UK's voice for employee share plan practitioners and professionals! Commenting on the news, Ledgy CEO Yoko Spirig said: “ProShare is a vital voice advocating for employee share ownership. We’re passionate about educating and engaging share plan professionals and employees, and we can’t wait to support ProShare’s programme of workshops and events over the coming years.” A big thanks to Murray Tompsett and the whole ProShare team for your support. For more information on ProShare and their work, check out the website: https://www.proshare.org/

We're proud to announce the launch of EquiTable, the dedicated #community designed for equity professionals like you! After listening to feedback from our clients and partners, we've designed a confidential, exclusive space where equity professionals can connect. With access to a wealth of resources, networking opportunities, and industry insights, EquiTable is designed to empower and inspire its members. We're excited to welcome you and your colleagues aboard! Sign up today: https://lnkd.in/eipkw_z7