Grant of Options under SAYE Scheme

RNS Number : 8322C

Epwin Group PLC

22 October 2020

 

22 October 2020

Epwin Group Plc

Grant of Options under SAYE Scheme

Director/PDMR shareholding

Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors  is pleased to announce that, on 21 October 2020, it made a further grant of options under its Save As You Earn ("SAYE") share scheme, which is available for all employees.

Eligible employees were invited to subscribe for options over the Company's ordinary shares of 0.05 pence each ("Ordinary Shares") at an exercise price of 54.0 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 1 October 2020, the dealing day before the invitation to participate was made ("SAYE Options").  The SAYE Options have a contract start date of 1 January 2021 and are exercisable between 1 January 2024 and 30 June 2024.

A total of 257 employees elected to participate, and pursuant to these elections a total of 2,437,632 SAYE Options have been issued, equating to 1.71% of the current issued share capital. Chris Empson and Shaun Hanrahan, both directors of the Company, have each elected to subscribe for 33,333 SAYE Options, which are included in the total figures above.

Contact information

Epwin Group Plc Jon Bednall, Chief Executive Chris Empson, Group Finance Director	0203 128 8572
Shore Capital (Nominated Adviser and Joint Broker) Corporate Advisory Edward Mansfield / Daniel Bush / Hugo Masefield Corporate Broking Fiona Conroy Zeus Capital Limited (Joint Broker) John Gould / Dominic King	0207 408 4090 0203 829 5000
MHP Communications Reg Hoare / Charlie Barker / Florence Mayo	0203 128 8572

About Epwin

Epwin is the leading manufacturer of low maintenance building products with significant market shares, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors.

The Company is incorporated, domiciled and operates principally in the United Kingdom.

Information for investors can be accessed www.epwin.co.uk/investors/

Notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Empson
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Epwin Group plc
b)	LEI	213800HMK424E12BI432
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Options over ordinary shares of 0.05 pence each ISIN: GB00BNGY4Y86
b)	Nature of the transaction	Subscription for options
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 33,333
d)	Aggregated information - Aggregated volume - Price	33,333 options N/A
e)	Date of the transaction	21 October 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shaun Hanrahan
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Epwin Group plc
b)	LEI	213800HMK424E12BI432
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Options over ordinary shares of 0.05 pence each ISIN: GB00BNGY4Y86
b)	Nature of the transaction	Subscription for options
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 33,333
d)	Aggregated information - Aggregated volume - Price	33,333 options N/A
e)	Date of the transaction	21 October 2020
f)	Place of the transaction	Outside of a trading venue

 

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