Company Share Option Plan - Issue of Equity

RNS Number : 5559R

Gateley (Holdings) PLC

08 November 2021

 

8 November 2021

GATELEY (HOLDINGS) PLC

("Gateley",  the "Company" or the "Group")

Company Share Option Plan Issue of Equity

72% of current staff are now existing share or option holders in the Group

Gateley (AIM: GTLY), the legal and professional services group, announces that 447,494 ordinary shares of 10p each in Gateley ("Ordinary Shares") have been issued, pursuant to the Group's Company Share Option Plan ("CSOP") scheme introduced in 2018 and as a result of vesting conditions being satisfied. In addition, the Company has allotted 168,044 Ordinary Shares under its existing block listing for the 2018 SAYE Scheme (the "SAYE Allotment").

The Board remains committed to maintaining Group-wide share ownership as a means of incentivisation which also creates strong alignment with external shareholders.  This is reflective of the Group's long-established culture, which remains central to its success and aligns with Gateley's recently published Responsible Bu siness Report which outlines commitments to the achievement of Levelling-up goals for employees. The report can be accessed via this link.

Further, the Board believes that the opportunity for share ownership is a valuable differentiator for Gateley as an alternative to traditional professional services ownership and incentivisation models.

Since flotation, the Group has established a number of share-based schemes including SAYE, CSOP and LTIP that variously offer all staff the ability to participate in early ownership of Gateley and share in the rewards of that ownership as they contribute to the success of the Group. 72% of current staff are now existing share or option holders in the Group.

Full details of the Group's share-based incentive schemes are set out in the Annual Report, which can be found on the Group's website   and accessed via this link.

Total Voting Rights

Application has been made for 447,494 new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 9 November 2021. Following Admission and the SAYE Allotment, the Company will have a total of 119,153,923 Ordinary Shares in issue with one voting right per share.

The above figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Gateley (Holdings) Plc
Neil Smith, Finance Director	Tel: [phone]
Nick Smith, Acquisitions Director and Head of Investor Relations	Tel: [phone]
Cara Zachariou, Head of Corporate Communications	Tel: [phone] Mob: [phone]
Liberum - Nominated adviser and Broker
Richard Lindley / Ben Cryer / Cara Murphy	Tel: [phone]
Belvedere Communications Limited - Financial PR
Cat Valentine ([e-mail])	Mob: [phone]
Keeley Clarke ([e-mail])	Mob: [phone]
Llew Angus ([e-mail])	Mob: [phone]
	[e-mail]

 

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