Acronyms

ESOT

Also found in: Financial.
(redirected from Employee Share Ownership Trust)
AcronymDefinition
ESOTEuropean Society for Organ Transplantation
ESOTEmployee Share Ownership Trust (UK)
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References in periodicals archive
In addition to this, the total number of own shares transferred to the Employee Share Ownership Trust during 2017-2019 was 300,700.
The remaining 10 per cent is held by The Pioneer Fishing Employee Share Ownership Trust (ESOP), of which the beneficiaries are all employees of Pioneer Fishing.
Capricorn Investment Holdings Limited, Nam-mic Financial Services Holdings (Proprietary) Limited and the Bank Windhoek Holdings Group Employee Share Ownership Trust ("the sellers") collectively hold shareholdings totalling 100% in the issued ordinary share capital of CAM as at the effective date.
The Aer Lingus Employee Share Ownership Trust (ESOT) has had talks with Ryanair over its hostile bid for the Irish carrier.
Our plan actually keeps the Post Office in the public sector and enables Royal Mail employees to get a share in their company through a radical employee share ownership Trust, similar to the John Lewis Partnership.
Ryanair's bid for Aer Lingus appears to be dead following yesterday's overwhelming vote to reject the offer by members of EI's Employee Share Ownership Trust, which holds 12.58% of the flag carrier.
The Aer Lingus Employee Share Ownership Trust - which owns 12.6 per cent of the airline -rejected a pounds 1bn offer.
Additionally, the regulator said that Aer Lingus offered a specific and lower-valued breakdown for the potential payout to members of the Employee Share Ownership Trust, which controls 12.6% of Aer Lingus shares for current and former Aer Lingus employees.
Mr O'Leary said: "It looks likely they (Aer Lingus's Employee Share Ownership Trust) will turn it down."
However, opponents hold 46.6 per cent - the Irish government with 25.4 per cent, the Aer Lingus Employee Share Ownership Trust with 12.6 per cent, Aer Lingus pilots with 2.3 per cent, the Tail-wind employees/pilots group with 4.2 per cent, and telecoms tycoon Denis O'Brien with 2.1 per cent - making the arithmetic difficult.
The Employee Share Ownership Trust will increase its holding in the company from just over 20% to 35%.
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