Establishment of Employee Benefit Trust

RNS Number : 2271T

ULS Technology PLC

24 March 2016

 

ULS Technology plc

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

Establishment of Employee Benefit Trust

ULS Technology plc, the provider of online technology platforms for the UK conveyancing and financial intermediary markets, announces that it has established the ULS Technology plc Employee Benefit Trust (the "EBT").  The EBT has been introduced to work in conjunction with the existing ULS Technology plc Enterprise Management Incentive and Non Tax-Advantaged Share Option Plan.

It is intended that the EBT will purchase shares through on-market transactions, to be used to satisfy the exercise of options. It will also purchase shares where the option holder wishes to sell their shares immediately on exercise. The EBT will be administered by Sanne Fiduciary Services Limited ("Sanne FSL").

Enquiries:

ULS Technology plc		Tel: [phone]
Peter Opperman, Chairman
Ben Thompson, CEO
John Williams, Finance Director
Numis Securities Limited (Nomad & Broker)		Tel: [phone]
Stuart Skinner / Paul Gillam, Corporate Advisory
Michael Burke, Corporate Broking
Walbrook PR Limited	Tel: [phone]
Paul Cornelius		[e-mail]
Helen Cresswell
Paul Whittington
Nick Rome

 

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