REG - Gateley (Holdings) - Company Share Option Plan - Issue of Equity

Gateley (Holdings)Announcement

08/11/2021 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211108:nRSH5559Ra&default-theme=true

RNS Number : 5559R  Gateley (Holdings) PLC  08 November 2021

8 November 2021

GATELEY (HOLDINGS) PLC

("Gateley",  the "Company" or the "Group")

Company Share Option Plan Issue of Equity

72% of current staff are now existing share or option holders in the Group

Gateley (AIM: GTLY), the legal and professional services group, announces that
447,494 ordinary shares of 10p each in Gateley ("Ordinary Shares") have been
issued, pursuant to the Group's Company Share Option Plan ("CSOP") scheme
introduced in 2018 and as a result of vesting conditions being satisfied. In
addition, the Company has allotted 168,044 Ordinary Shares under its existing
block listing for the 2018 SAYE Scheme (the "SAYE Allotment").

The Board remains committed to maintaining Group-wide share ownership as a
means of incentivisation which also creates strong alignment with external
shareholders.  This is reflective of the Group's long-established culture,
which remains central to its success and aligns with Gateley's recently
published Responsible Business Report which outlines commitments to the
achievement of Levelling-up goals for employees. The report can be accessed
via this link.
(https://gateleyplc.com/about-us/responsible-gateley/responsible-business-ethos/)

Further, the Board believes that the opportunity for share ownership is a
valuable differentiator for Gateley as an alternative to traditional
professional services ownership and incentivisation models.

Since flotation, the Group has established a number of share-based schemes
including SAYE, CSOP and LTIP that variously offer all staff the ability to
participate in early ownership of Gateley and share in the rewards of that
ownership as they contribute to the success of the Group. 72% of current staff
are now existing share or option holders in the Group.

Full details of the Group's share-based incentive schemes are set out in the
Annual Report, which can be found on the Group's website and accessed via
this link.
(https://gateleyplc.com/investors/investor-relations/results-reports/)

Total Voting Rights

Application has been made for 447,494 new Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 9
November 2021. Following Admission and the SAYE Allotment, the Company will
have a total of 119,153,923 Ordinary Shares in issue with one voting right per
share.

The above figure may be used by shareholders in the Company 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 share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 Gateley (Holdings) Plc
 Neil Smith, Finance Director                                      Tel: +44 (0) 121 234 0196
 Nick Smith, Acquisitions Director and Head of Investor Relations  Tel: +44 (0) 20 7653 1665
 Cara Zachariou, Head of Corporate Communications                  Tel: +44 (0) 121 234 0074

                                                                   Mob: +44 (0) 7703 684 946

 Liberum - Nominated adviser and Broker
 Richard Lindley / Ben Cryer / Cara Murphy                         Tel: +44 (0) 20 3100 2000

 Belvedere Communications Limited - Financial PR
 Cat Valentine (cvalentine@belvederepr.com)                        Mob: +44 (0) 7715 769 078
 Keeley Clarke (kclarke@belvederepr.com)                           Mob: +44 (0) 7967 816 525
 Llew Angus (langus@belvederepr.com)                               Mob: +44 (0) 7407 023 147
                                                                   gateleypr@belvederepr.com (mailto:gateleypr@belvederepr.com)

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEUVVNRANUARAA