[Thanks to IDS for this information]
As part of its drive to encourage employee ownership (different from employee shareholder status), the Department for Business, Innovation and Skills has published draft Model Documentation for an Employee Owned company.
Separately, BIS has announced forthcoming draft Regulations to make it simple(r) for companies to buy back shares from employee owners, with the proposals including that companies be able to pay for the share buy-back by instalments. Scroll about halfway down the page for the detail.
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