Ten Lifestyle Group PLC EBT Disposal (6064L)
September 13 2021 - 8:39AM
UK Regulatory
TIDMTENG
RNS Number : 6064L
Ten Lifestyle Group PLC
13 September 2021
13 September 2021
Ten Lifestyle Group plc
(the "Company" or "Ten")
EBT Disposal
Ten Lifestyle Group plc (AIM: TENG), a leading
technology-enabled global concierge platform for the world's
wealthy and mass affluent, announces that it was notified on Friday
10 September 2021 by the trustees of the Ten Employee Benefit Trust
("EBT") that they sold 500,000 ordinary shares of 0.1p each in the
Company ("Ordinary Shares") the same day at a price of GBP1.038p
per share.
The cash generated by this sale is intended to fund the
reinstatement of employee loyalty programmes, following a freeze
implemented as a part of COVID-19 cost saving initiatives in March
2020.
The EBT is a discretionary trust and the class of beneficiaries
of the EBT includes employees and former employees of the Company
and their relatives. The EBT is primarily intended to reward
employees, not management, who have shown commitment to the Company
and who are deemed to be integral to its future success.
Following this transaction, the EBT holds a total of 42,186
Ordinary Shares, representing 0.051 per cent of the Company's total
voting rights and a total of 400,000 options over Ordinary
Shares.
End
For further information, please visit https://www.tengroup.com/
or contact:
Ten Lifestyle Group Plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
Paul Gillam +44 (0) 20 7418
Nick Prowting 8900
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DISUOOORABUKAAR
(END) Dow Jones Newswires
September 13, 2021 09:39 ET (13:39 GMT)
Ten Lifestyle (LSE:TENG)
Historical Stock Chart
From Apr 2024 to May 2024
Ten Lifestyle (LSE:TENG)
Historical Stock Chart
From May 2023 to May 2024