REG - Wynnstay Group PLC - Employee SAYE Scheme & Director's Dealing

WynnstayAnnouncement

13/09/2018 08:45

RNS Number : 6707A
Wynnstay Group PLC
13 September 2018
 


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 a total of up to 330,345 ordinary shares of 25 pence each in the Company ("SAYE Options") at a price of 400 pence per share. Included in this total of SAYE Options, the following directors were granted SAYE Options on 12 September 2018 as set out below:
 



Director name


Number of SAYE Options




Gareth Wynn Davies


1,500




David Andrew Thomas Evans    


3,000




Bryan Paul Roberts


1,500



 
               
Subject to certain conditions being satisfied, the entitlement to exercise the SAYE Options arises during the period 13 September 2023 to 12 March 2024. 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 plc


Ken Greetham, Chief Executive
Paul Roberts, Finance Director


T: 01691 827142
 


















KTZ Communication


Katie Tzouliadis / Emma Pearson


T: 020 3178 6378


















Shore Capital (Nomad)


Stephane Auton / Patrick Castle


T: 020 7408 4090



 




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