Wynnstay Group PLC Employee SAYE Scheme & Director's Dealing (2988F)
July 26 2016 - 9:29AM
UK Regulatory
TIDMWYN
RNS Number : 2988F
Wynnstay Group PLC
26 July 2016
Wynnstay Group plc
(the "Company")
Employee Save As You Earn Scheme and Directors' Dealings
The Company announces that it has issued new invitations under
an established Save As You Earn (the "SAYE Scheme"). The SAYE
Scheme is approved by H.M. Revenue and Customs.
Pursuant to the SAYE Scheme, certain employees have chosen to
participate resulting in them receiving options to subscribe for up
to 460,227 ordinary shares of 25 pence each in the Company ("SAYE
Options") at a price of 370 pence per share. Included in this total
of SAYE Options, the following directors were granted SAYE Options
on 22 July 2016 as set out below:
Director name Number of SAYE Options
--------------------------- -----------------------
Kenneth Richard Greetham 4,054
--------------------------- -----------------------
David Andrew Thomas Evans 3,243
--------------------------- -----------------------
Bryan Paul Roberts 1,621
--------------------------- -----------------------
Subject to certain conditions being satisfied, the entitlement
to exercise the SAYE Options arises during the period 22 July 2021
to 22 January 2022. Participants who choose to exercise their
entitlements pursuant to the rules of the SAYE Scheme will meet the
obligation to pay for exercise of the SAYE Options out of funds
they have paid into the SAYE Scheme prior to such exercise.
Participants in the SAYE Scheme may opt to withdraw from the SAYE
Scheme, recovering paid-in funds, prior to that time.
For the purpose of the FCA disclosure requirements under the
Market Abuse Regime, the following additional information is
relevant to this announcement:
1) The SAYE Options are options to acquire ordinary shares of 25
pence each in the Company under the identification code
GB0034212331.
2) The Legal Entity Identifier for Wynnstay Group plc is 213800TOLA726AITR960.
3) The grant of the SAYE Options occurred outside a trading venue.
4) This announcement is an initial notification.
For further enquiries please contact:
Wynnstay Group Ken Greetham, Chief T: 01691 827142
plc Executive
Paul Roberts, Finance
Director
KTZ Communication Katie Tzouliadis T: 020 3178 6378
Shore Capital Stephane Auton T: 020 7408 4090
(Nomad) / Patrick Castle
This information is provided by RNS
The company news service from the London Stock Exchange
END
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