LIVE Panel Event

The liquidity problem nobody planned for

How companies are realising liquidity while staying private

As companies remain private for longer, boards eventually face a harder question: how do employees actually realise the value they've been given?

Liquidity can raise complex questions for private companies, their boards and their employees. Understanding the available routes, the trade-offs involved and the decisions to consider early can help businesses approach the subject with greater clarity.

What we'll cover

How the gap develops

The routes (buybacks, secondaries, EBTs, PISCES)

What a good liquidity strategy looks like

What boards should be discussing now

Who it's for

CEOs, CFOs, FDs, COOs, NEDs, General Counsel and Company Secretaries.

You lead or advise a private UK company

Employees, leavers or early backers hold shares with no route to sell

Liquidity is on your board's agenda, or soon will be

The format

An evening of insightful conversations

An informed discussion. Talking through real situations.
No slides. No salesy presentations.
Your questions. Plenty of time for audience Q&A.
Limited places. Kept small so the room can talk openly.

ON THE NIGHT

5:30: Drinks and canapés
6:00: Panel and audience Q&A
7:00: Networking

Sounds familiar?

Three conversations boards are already having

The long-term employee

Eight years in, fully vested and saving for a house. They want to know what their shares are worth, and when they can sell some.

The senior leaver

A director leaves on good terms with a meaningful stake and no buyer for it. Their shares stay on your cap table, and so does their vote.

The growing cap table

Every round and every leaver adds names. Shareholder consents take longer, and the next investor wants to know who all these people are.

Meet the speakers

Kevin Lim - Host & Moderator

Enterprise Relationship Manager, Vestd

Kevin brings 30 years of experience in share plans and employee rewards, supporting companies throughout the share scheme lifecycle.

Yaroslav Kinebas

Head of Private Market Infrastructure, Vestd

Yaz helps private companies access liquidity. He leads Vestd’s work on PISCES, the UK’s new framework for trading private company shares, drawing on years of experience advising founders and boards on equity, governance, and regulated markets.

Anika Chandra

Partner, Osborne Clarke

Anika has extensive experience in employee incentives, including share-based and cash incentive arrangements, international share plans, and the impact of corporate transactions on employee incentives.

Tom Hicks

Executive Director, Fiduchi

Tom specialises in employee incentives and has over 20 years' experience in the finance industry. He holds BSc (Hons) degrees in Applied Accounting and Psychology and Sociology, and is known for his commercial, solution-driven and client-focused approach.