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I don't have an ISA so I assume I've got full amount available. They earn fuck all though right so wouldn't it make more sense just to stick it into a savings account or buy stocks with it in my pension SIPP thingie? Or just dump it into my pension as cash deposit (I assume you can do this)
hippy-
If you open a stocks and shares ISA then you can invest in a range of stuff, index trackers, funds, shares etc.
Equally you could put it in your SIPP if you don't need access to it anytime soon.
If you add it to a managed pension I think they will invest it for you i e. It won't stay as cash (as far as I understand it)
ChasnotRobert
obviously the option price being above the current market does make it less attractive.
it sounds like they are going to send you a paper cert which could be a bit of a pain. you could just chuck the cash into an ISA instead, assuming you have unused allowance.