EMI share options from AIM-listed company - Share Dealing or Share ISA account?

JAGG

Hi,

Newbie so please excuse any errors or omissions.

I'm after some advice regarding exercising my EMI options and understanding if the information I have been given so far is correct.

I've been told that if I deposit the EMI exercised shares into my normal share dealing account the cost per share, which is shown on the account statements, is the option price I paid for them.

However, if I deposit the shares into my Share Dealing ISA account, the cost per share is the current market value (4x what I paid for them) - which then also means that I can't move all the shares into the Share ISA as I hit the annual ISA limit.

My question is, is it correct for my share account provider to use the current market value for the EMI exercised shares going into my Share ISA? And if so, what is the logic/reason for this?

I ask as I do not fully trust the information I received from the share account provider, given that they have on a past telephone call asked me what EMI is.

Any help is much appreciated...