REG - Cranswick PLC - Issue of Equity

CranswickAnnouncement

29/11/2023 09:30

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RNS Number : 0641V  Cranswick PLC  29 November 2023

29 November 2023

 

 

Cranswick plc ("Cranswick" or the "Company")

 

Listing of Ordinary Shares pursuant to Deferred Bonus Plan

Application has been made to the UK Listing Authority and the London Stock
Exchange for a listing of 2,666 Ordinary Shares of 10 pence each to be
admitted to the Official List (the "Shares"). These shares will rank pari
passu with the existing issued Ordinary Shares of the Company and it is
expected that trading in the shares will become effective on 1 December 2023.

The Shares are to be issued as a result of the exercise of nil-cost options
(and related dividend equivalents) granted under the Cranswick 2018 Deferred
Bonus Plan to Christopher Aldersley, a Director of the Company. The Board of
Directors has agreed to the early exercise  of the nil cost options (and
dividend equivalents) in consideration for Christopher Aldersley undertaking
to the Company to retain 1,388 ordinary shares of 10p each (representing the
after-tax number of shares subject to the Deferred Bonus Plan) from his
existing holding of shares in the Company for the balance of the two year
deferral period relating to the nil-cost options granted under the Deferred
Bonus Plan.

Following the issue, Cranswick will have 53,899,366 Ordinary shares in issue.
There are no shares held in treasury. Therefore, the total number of Ordinary
Shares with voting rights in the Company will be 53,899,366 which may be used
by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules

 

 For further information, please contact:

 

Steven Glover, Company Secretary          01482 275 000

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