Novae Group PLC Novae Group Plc: Employee Benefit Trust Trading Plan
December 16 2016 - 9:04AM
UK Regulatory
TIDMNVA
16 December 2016 For immediate release
Novae Group plc
EMPLOYEE BENEFIT TRUST ("EBT") TRADING PLAN
Novae Group plc (the "Company") announces that the trustee of the EBT
(the "Trustee"), has entered into a trading plan with the Company. The
Trustee has absolute discretion and independence in respect of all
trading decisions it may make in respect of the purchase of ordinary
shares pursuant to the trading plan.
Under the trading plan, in the period running from 16 December 2016 to
16 June 2017, the Trustee will instruct Canaccord Genuity Limited as
broker to acquire up to a maximum of 400,000 Ordinary Shares of GBP1.125
each in the Company for the EBT. While the Company is within a closed
period, neither the Company nor the trustee will attempt to terminate
the trading plan which has now been entered into.
Any purchases made by the Trustee will be announced to the market at the
appropriate time.
The executive directors and persons discharging managerial
responsibility of the Company, together with other employees, are
potential beneficiaries under the EBT and are therefore treated as
having an interest in such shares.
The Company's issued ordinary share capital consists of 64,425,640
Ordinary shares of GBP1.125 each.
This notification is made in accordance with Rule 3.1.4(1)(a) of the
Disclosure and Transparency Rules.
Enquiries:
Alex Moon - Novae Group plc 020 7050 9000
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Novae Group plc via Globenewswire
http://www.novae.com/home.aspx
(END) Dow Jones Newswires
December 16, 2016 10:04 ET (15:04 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Novae (LSE:NVA)
Historical Stock Chart
From Apr 2024 to May 2024
Novae (LSE:NVA)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Novae Grp (London Stock Exchange): 0 recent articles
More Novae Grp News Articles