THE GEARED EMPLOYEE SHARE TRUST

The Geared EST operates on a similar basis to the EST.  The Trustee obtains the loans.  Loans are repaid by the Employee as contributions to the Trust.

EMPLOYER TYPE

• Public Companies
• Private Companies.

STRATEGY

• Management Buy Out
• Succession Planning

ADVANTAGES

• Employee participants not taxed on acquisition of shares.
• Allows controlled access to share benefits to meet incentive/remuneration criteria share voting is controlled by the trustee.
• Allows shares to be bundled and warehoused in the Geared EST.
• As the Trustee take up the geared position which is quarantined from the Employees.
• Allows investment in other shares (for example, other ASX-listed shares).
• Distributes franked dividend income (if any).
• Provides for controlled succession for founding shareholders.
• Fully outsourced administration.