Grant of Options Under 2022 SAYE Scheme

RNS Number : 6776F

Knights Group Holdings PLC

23 March 2022

 

Knights Group Holdings plc

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

Grant of Options Under 2022 Save As You Earn Scheme

Knights, announces the grant of options to employees as part of the Group's Save As You Earn ("SAYE") share option scheme for 2022. The scheme is open to all permanent employees to encourage ownership and sharing in the future growth of the Group via share option arrangements.

Eligible employees were invited to apply for options under the SAYE scheme over Knights' ordinary shares of £0.002 each ("Shares") with an exercise price of £2.96. The exercise price of the Options was set at a discount of 20% to the closing middle market share price of £3.70 on the trading day prior to the communication of the scheme to eligible employees being 21 February 2022. The options have a contract start date of 1 May 2022 and are exercisable from 36 months thereafter.

A total of 524 employees have elected to participate in the 2022 SAYE Scheme, and pursuant to their elections, options over a total of 1,430,251 Shares have been granted today. 

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Enquiries 

Knights
David Beech, CEO	via MHP Communications
Numis (Nominated Adviser and Broker)
Stuart Skinner, Kevin Cruickshank	[phone]
MHP Communications (Media enquiries)
Andrew Jaques, Katie Hunt	[phone] [e-mail]

 

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