Grant of Options under SAYE Scheme
Updated : 07:06
22 October 2020
Epwin Group Plc
Grant of Options under SAYE Scheme
Director/PDMR shareholding
Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors is pleased to announce that, on 21 October 2020, it made a further grant of options under its Save As You Earn ("SAYE") share scheme, which is available for all employees.
Eligible employees were invited to subscribe for options over the Company's ordinary shares of 0.05 pence each ("Ordinary Shares") at an exercise price of 54.0 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 1 October 2020, the dealing day before the invitation to participate was made ("SAYE Options"). The SAYE Options have a contract start date of 1 January 2021 and are exercisable between 1 January 2024 and 30 June 2024.
A total of 257 employees elected to participate, and pursuant to these elections a total of 2,437,632 SAYE Options have been issued, equating to 1.71% of the current issued share capital. Chris Empson and Shaun Hanrahan, both directors of the Company, have each elected to subscribe for 33,333 SAYE Options, which are included in the total figures above.
Contact information
Epwin Group Plc Jon Bednall, Chief Executive Chris Empson, Group Finance Director
|
0203 128 8572 |
Shore Capital (Nominated Adviser and Joint Broker) Corporate Advisory Edward Mansfield / Daniel Bush / Hugo Masefield
Corporate Broking Fiona Conroy
Zeus Capital Limited (Joint Broker) John Gould / Dominic King
| 0207 408 4090
0203 829 5000
|
MHP Communications Reg Hoare / Charlie Barker / Florence Mayo | 0203 128 8572 |
About Epwin
Epwin is the leading manufacturer of low maintenance building products with significant market shares, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors.
The Company is incorporated, domiciled and operates principally in the United Kingdom.
Information for investors can be accessed www.epwin.co.uk/investors/
Notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Chris Empson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Finance Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Epwin Group plc | ||||
b)
| LEI
| 213800HMK424E12BI432 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Options over ordinary shares of 0.05 pence each
ISIN: GB00BNGY4Y86 | ||||
b)
| Nature of the transaction
| Subscription for options | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
33,333 options
N/A | ||||
e)
| Date of the transaction
| 21 October 2020 | ||||
f)
| Place of the transaction
| Outside of a trading venue |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Shaun Hanrahan | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Epwin Group plc | ||||
b)
| LEI
| 213800HMK424E12BI432 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Options over ordinary shares of 0.05 pence each
ISIN: GB00BNGY4Y86 | ||||
b)
| Nature of the transaction
| Subscription for options | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
33,333 options
N/A | ||||
e)
| Date of the transaction
| 21 October 2020 | ||||
f)
| Place of the transaction
| Outside of a trading venue |
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