From that date, the value of shares over which Enterprise Management Incentives (EMI) options may be granted to any one individual will increase to £250,000 from the current limit of £120,000.
The increase was announced in March's Budget and has been welcomed as a way to make EMI a more attractive incentive for companies which meet the qualifying criteria.
Companies with employees who have previously been granted EMI options up to the current £120,000 limit will, from 16 June, be able to make any further option grants up to £250,000 within the EMI regime, provided all other qualifying conditions are satisfied.