Our Community Share Option Scheme (“Option” & “Options”) is the mechanism for how we plan to deliver on our aim to share up to 20% of the future value of the company with our customers for free when we IPO (or sell the company, although that is not our goal). 

Community Share Options will be awarded to our customers in our app after they sign up and have been accepted as a customer.

The scheme may be withdrawn if we are unable to construct a legal and tax-efficient mechanism or if it becomes subject to regulatory, legal or tax constraints that render the scheme ineffective or uncommercial.

Our goal is that you are able to sell your Zero Community Share Options when we float on a stock market, also known as conducting an Initial Public Offering (IPO). At this time, the value of your shares will depend on the valuation achieved by the company on its IPO.

Just like employee share options that staff sometimes get from their employer, the scheme is intended to empower you to help build the success and future value of the company because you will share in that success and its value.

In the meantime, the Options carry no cash value alternative and cannot be redeemed for anything else.

It is our aim that one Option is equivalent to one share upon IPO or when the company is sold.

However, if at the point of IPO, the total number of Options held by customers would represent more than 20% of post IPO shares, then we will fractionally downrate the number of shares you get so that the total for all customers is 20%.  

Subject to the above, when we conduct our IPO (or sell the company) you will receive real shares in the company. There may be a requirement to pay a nominal sum (much lower than the value of the shares) in order to receive the shares due to regulations, laws or tax rules which are constantly changing. The Company may cover this cost itself which will be confirmed when we publish the full scheme details in due course.  

As is common practice, there may be restrictions on your ability to sell shares you receive through the scheme for a period of time after an IPO. 

You cannot buy more Zero Community Share Options. However, you will be able to earn more by being an active customer and member of our community. Details of how to earn more Options will be publicized within the app and may change from time to time.

Options carry no cash value alternative and cannot be redeemed for anything else.

You cannot sell or transfer your Zero Community Share Options. 

They are offered as a reward for being a customer and helping the growth of the Zero movement.

We are exploring the option of allowing customers to elect that the value of their options goes to a good cause. More details later.