Wynnstay Group PLC Employee SAYE Scheme & Director's Dealing (6707A)

TIDMWYN

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        T: 01691 827142 
                          Executive 
                          Paul Roberts, Finance 
                          Director 
 
 KTZ Communication       Katie Tzouliadis / Emma    T: 020 3178 6378 
                          Pearson 
 
 Shore Capital (Nomad)   Stephane Auton / Patrick   T: 020 7408 4090 
                          Castle

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 or visit www.rns.com.

END

MSCEAXNDFLAPEEF

(END) Dow Jones Newswires

September 13, 2018 03:44 ET (07:44 GMT)

Wynnstay (LSE:WYN)
Historical Stock Chart
From Apr 2024 to May 2024