Likewise Group PLC Grant of Options, SAYE, Issue of Shares & TVR (5269F)
March 22 2022 - 3:00AM
UK Regulatory
TIDMLIKE
RNS Number : 5269F
Likewise Group PLC
22 March 2022
22 March 2022
Likewise Group plc
("Likewise" or the "Group")
Grant of Options, Employee SAYE,
Issue of Ordinary Shares and Total Voting Rights
Likewise Group plc (AIM:LIKE), the fast growing UK floor
coverings distributor , announces the grant of new share options to
employees, a new employee Save As You Earn ("SAYE") share option
scheme and the issue of ordinary shares of GBP0.01 each ("Ordinary
Shares") to good leavers from the Group's existing SAYE
schemes.
Grant of Options
Likewise has granted options over 3,000,000 Ordinary Shares to
22 employees of the Group. 1,941,170 options have been granted
under the rules of the Group's existing company share option plan
("CSOP"), with the remaining 1,058,830 options granted as
unapproved options (the "Unapproved Options"). Both the CSOP and
Unapproved Options have an exercise price of 34 pence per Ordinary
Share and are exercisable 4 years after grant.
SAYE Scheme
The Group also announces that options were granted on 21 March
2022 over a total of 2,373,745 Ordinary Shares under its SAYE share
option scheme in accordance with HMRC rules. The 2022 SAYE options
have an exercise price, calculated in accordance with the rules of
the SAYE scheme, of 32 pence and vest 5 years from the grant date
on 21 March 2027.
Following the issue of the CSOP options, the Unapproved Options
and the 2022 SAYE options, the Group has 24,387,175 options
outstanding in total.
Issue of Ordinary Shares
The Group has also issued 206,500 Ordinary Shares (the "Issue")
to three employees who were good leavers under the terms of the
existing SAYE schemes of Likewise. 204,000 Ordinary Shares are
being issued at a price of 10 pence each, and 2,500 Ordinary Shares
at a price of 21 pence each.
Total Voting Rights
Application has also been made for 206,500 Ordinary Shares
pursuant to the Issue to be admitted to trading on AIM
("Admission"), with dealings expected to commence at 8.00 a.m. on
23 March 2022.
Following Admission, the total number of voting rights in the
Company will be 243,294,980. Shareholders may use this figure 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:
Likewise Group plc Tel: 0121 817
Tony Brewer, Chief Executive 2900
Roy Povey, Chief Financial Officer
Zeus (Nominated Adviser & Joint Broker) Tel: 0203 829
Jordan Warburton / David Foreman / James Edis 5000
(Investment Banking)
Dominic King (Corporate Broking)
Ravenscroft Consultancy & Listing Services Limited Tel: 01481
(Joint Broker) 732 746
Semelia Hamon (Corporate Finance)
Novella Communications (Financial PR) Tel: 0203 151
Fergus Young / Tim Robertson 7008
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END
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