REG - Driver Group plc - Transfer of treasury stock

DriverAnnouncement

14/03/2022 17:15

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RNS Number : 7358E  Driver Group plc  14 March 2022

14 March 2022

 

DRIVER GROUP PLC

 

("Driver" or "the Group")

 

Transfer of treasury stock to satisfy exercise of share options

 

The Company announces that, following the exercise of share options by a
former employee- of the Group, 1,080,000 ordinary shares of 0.4 pence each in
the capital of the Company ("Ordinary Shares") were transferred from treasury
on 14 March 2022.

 

The Company will incur a one-off cash cost of approximately £250k in respect
of employment tax liabilities crystallised by the option exercise.

 

Following this transfer, the issued share capital of the Company consists of
53,962,868 Ordinary Shares of which 707,811 are held in treasury. Therefore,
the total number of Ordinary Shares carrying voting rights in Driver Group is
53,255,057. This figure of 53,255,057 may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest, or a change to their interest, in the
Company under the Disclosure Guidance and Transparency Rules.

 

ENDS

 

  Enquiries:

 Driver Group plc                              020 7377 0005
 Mark Wheeler (CEO)
 David Kilgour (CFO)

 Singer Capital Markets (Nomad & Broker)       020 7496 3000
 Sandy Fraser, Will Goode

 Acuitas Communications                        020 3848 2810
 Simon Nayyar                                  simon.nayyar@acuitascomms.com (mailto:simon.nayyar@acuitascomms.com)
 Edward Lee                                    edward.lee@acuitascomms.com (mailto:edward.lee@acuitascomms.com)

 

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