REG - Anpario PLC - Launch of SAYE Scheme

AnparioAnnouncement

16/12/2024 07:00

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RNS Number : 2031Q  Anpario PLC  16 December 2024

Anpario plc
("Anpario" or the "Company")

 

Launch of SAYE Scheme

 

 

Anpario plc, the independent manufacturer of natural sustainable animal feed
additives for health, nutrition and biosecurity, announces that it is
launching a Save As You Earn ("SAYE") share scheme for all eligible UK-based
employees.

 

The SAYE Scheme allows eligible employees to commit to making a deduction from
salary on a monthly basis over three years. At the end of the three-year
period eligible employees will be invited to subscribe for options over the
Company's Ordinary Shares of 23 pence each ("Ordinary Shares"), subject to
certain customary conditions being satisfied. Alternatively, SAYE Scheme
Participants may opt to withdraw from the SAYE Scheme, recovering paid-in
funds, prior to that time.

 

As agreed with HMRC, the exercise price is to be determined based on a
discount of 20% on the average closing middle market price of the Company's
Ordinary Shares in the three business days ended on the trading day before the
invitation to participate will be made, which is expected on the 19th December
2024.

 

The Executive Directors, Richard Edwards, Marc Wilson and Karen Prior have
committed to subscribe to the maximum £500 a month contribution and the
related number of options, subject to any scale-back arrangements if the SAYE
Scheme is over-subscribed. A further announcement will be made following the
date of grant to confirm the total number of share options awards granted
under the SAYE scheme.

 

 

 

Enquiries

 

 Anpario plc
 Richard Edwards, Chief Executive Officer  +44(0)7776 417 129
 Marc Wilson, Group Finance Director       +44(0)1909 537 380

 Shore Capital
 (Nominated Adviser and Broker)            +44 (0) 20 7408 4090
 Stephane Auton                            Corporate Advisory
 David Coaten
 Tom Knibbs
 Henry Willcocks                           Corporate Broking

 

 

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