What is cash settled ESPP?
Our Cash Settled Employee Share Purchase Plan (ESPP) is an easy way to share in any future success of Micro Focus. You contribute every month for 2 years to purchase 'Phantom' Micro Focus shares at a discounted price.
What is a Phantom Share?
A Phantom Share is the equivalent to one Micro Focus share. The value will be paid to you in cash upon maturity.
You contribute every month for 2 years to purchase 'Phantom' Micro Focus shares at the same discounted price. Phantom shares are the equivalent to normal Micro Focus shares which will be payable in cash on the maturity date.
Subject to maximum cap of 10,000 'Phantom' shares per offer (increased from 3,000 'Phantom' shares for offers prior to February 2021), you will be able to buy 'Phantom' shares following the end of the offer period at the lower of the share price either as at the start of the offer or at the maturity plus an additional 15% discount applied to the price.
Subject to your participation in previous offers, you may be able to save from £10 (or your local currency equivalent) up to 10% of your gross base salary per pay period (up to a maximum of your local currency equivalent of $25,000 USD per year across all offers) the amount is then deducted from your net salary.
At maturity you will then receive a cash equivalent payment based on the value of Micro Focus shares at that time.
If your circumstances change or you change your mind, you can get your contributions refunded at any time prior to the end of the 2 year plan period.
The following countries participate in the Cash Settled ESPP:
- China
- Japan
- Philippines
- Russia
- Saudi Arabia
- South Africa
- Ukraine
If you are located in one of the above mentioned countries look out for an invitation from Computershare in July 2022.
