EBT Share Transfer

RNS Number : 7912K

Cenkos Securities PLC

12 April 2018

 

12 April 2018

Cenkos Securities plc

("Cenkos" or the "Company")

EBT Share Transfer to participants of the 2017 Deferred Bonus Scheme

Cenkos has a Deferred Bonus Scheme (the "Scheme") whereby applicable employees, including executive directors of the Company, may be granted a restricted share award over ordinary shares in the Company ("Ordinary Shares"). 

The Company was notified on 11 April 2018 by the Trustee of the Cenkos Securities plc Employee Benefit Trust (the "EBT") that following the grant of restricted share awards to applicable participants 1,576,320 Ordinary Shares, have been allocated to participants of the Scheme in respect of the year ended 31 December 2017.   These Ordinary Shares will continue to be held in a trust as nominee for the participants. In accordance with the terms and conditions of the Scheme, awards made will vest in three equal tranches over a three year period from the date of the award and have certain restrictions and forfeiture rights attached to them.

Following this transaction, a total of 11,376 Ordinary Shares continue to be held, unallocated, by the Company's employee benefit trusts.

Enquiries:

Anthony Hotson                                                                    [phone]

Chief Executive Officer      

Cenkos Securities plc

Dr Azhic Basirov / David Jones / Ben Jeynes             [phone]

Nominated Adviser

Smith & Williamson Corporate Finance Limited

Nick Lovering                                                                          [phone]

Joint Broker

Whitman Howard Limited

David Rydell                                                                           [phone]

Buchanan Communications

 

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