Launch of Parsley Box Group Share Incentive Plan

RNS Number : 1446X
Parsley Box Group PLC
30 April 2021
 

 

 

 

 

 

 

 

 

 

 

 

30 April 2021

 

Parsley Box Group plc

 

("Parsley Box" or the "Company")

 

Launch of tax-advantaged all-employee share incentive plan, allotment of ordinary shares and total voting rights

 

Launch of the Parsley Box Group plc Share Incentive Plan

Parsley Box, the direct to consumer provider of ready meals focused on the Baby Boomer+ demographic, announces that, on 30 April 2021, awards over an aggregate of 220,660 ordinary shares of 1p each in the Company ("Ordinary Shares") were made under the terms of its recently established HMRC tax-advantaged "all-employee" share scheme, namely the Parsley Box Group plc Share Incentive Plan (the "SIP" or the "Plan").

The SIP (details of which were included in Parsley Box's admission document) allows the Company to provide employees with a variety of different share-related benefits.  The grants made on 30 April 2021 are in the form of "Free Share" awards in terms of which each of the relevant individuals has been provided with approximately £3,600 worth of Ordinary Shares at no cost to them.

The Free Shares must normally be held in the SIP for a minimum holding period of 5 years and will usually be forfeited if, during the period of 3 years from award, the participant in question ceases employment other than in "good leaver" circumstances.

The Company's Executive Directors do not currently participate in the SIP and did not receive an award of Free Shares.

Allotment of Ordinary Shares and total voting rights

In connection with the above Free Share award, the Company also announces that, on 29 April 2021, it allotted 220,660 new Ordinary Shares (the "New Ordinary Shares") to the trustee of the SIP subject to their admission to AIM becoming effective in accordance with the AIM Rules for Companies, such shares representing approximately 0.53% of the current issued ordinary share capital of the Company.

It is anticipated that the New Ordinary Shares (which will rank pari passu in all respects with the existing ordinary shares of the Company) will be admitted to trading on AIM on or around 6 May 2021 ("Admission"). Following Admission, the Company's issued share capital will comprise 42,135,028 Ordinary Shares with voting rights and that 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.



 

 

Enquiries:


Parsley Box 

Cal Bull-Edwards, Head of Communications and Investor Relations 

 

Tel: 0131 608 1990

Email: investors@parsleybox.com

finnCap (Nominated Adviser and Broker)

Matt Goode / Emily Watts / Charlie Beeson (Corporate Finance)

Tim Redfern / Charlotte Sutcliffe (ECM)

 

Tel: +44 20 7220 0500

Instinctif Partners

Matthew Smallwood

Justine Warren

Tel: +44 20 7457 2005 / 2010

 

 

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