Employee SAYE Scheme & Director's Dealing

RNS Number : 2988F

Wynnstay Group PLC

26 July 2016

 

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 up to 460,227 ordinary shares of 25 pence each in the Company ("SAYE Options") at a price of 370 pence per share. Included in this total of SAYE Options, the following directors were granted SAYE Options on 22 July 2016 as set out below:

Director name	Number of SAYE Options
Kenneth Richard Greetham	4,054
David Andrew Thomas Evans	3,243
Bryan Paul Roberts	1,621

Subject to certain conditions being satisfied, the entitlement to exercise the SAYE Options arises during the period 22 July 2021 to 22 January 2022. 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 Executive Paul Roberts, Finance Director	T: 01691 827142
KTZ Communication	Katie Tzouliadis	T: 020 3178 6378
Shore Capital (Nomad)	Stephane Auton / Patrick Castle	T: 020 7408 4090

 

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