Grant of Options under SAYE Scheme

RNS Number : 8311M

Shearwater Group PLC

26 January 2021

 

26 January 2021

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

Grant of Options under SAYE Scheme

Shearwater Group plc, the organisational resilience group,  is pleased to announce that, as part of the Company's approved Save As You Earn ("SAYE") scheme (the "Scheme"), options to subscribe for ordinary shares in the Company ("Ordinary Shares") were granted on 25 January 2021.

Under the Scheme, which was made available to all UK employees who have completed a minimum of six months service (excluding Directors), a total of 30 employees of the Company have applied to participate in the Scheme resulting in the grant of options to subscribe for an aggregate of 150,285 Ordinary Shares in the Company (the "Options"). 

The Options have an exercise price, calculated in accordance with the rules of the Scheme, of £1.515 per new Ordinary Share (representing the closing price per Ordinary share on 31 December 2020). Subject to the rules of the Scheme participants will be able to exercise their Options during the six months commencing on 1 March 2024.

Enquiries:

Shearwater Group plc David Williams Phil Higgins	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc - NOMAD and Joint Broker Max Hartley / Ben Jeynes - NOMAD Julian Morse / Michael Johnson - Sales	[phone]
Berenberg - Joint Broker   Matthew Armitt / Mark Whitmore	[phone]
Alma PR Susie Hudson / Caroline Forde / Harriet Jackson	[e-mail]  [phone]

About Shearwater Group plc

Shearwater Group plc is an award-winning organisational resilience group that provides cybersecurity, advisory and managed security services to help assure and secure businesses in a connected global economy. 

The Group's comprehensive cybersecurity solutions and services maintain trust between users, assure the protection of information assets and critical infrastructure, and support organisations' operational effectiveness.  Its capabilities include identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. 

The Group is headquartered in the UK with offices in the US, UK and Europe, serving customers across the globe who are active in a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG".  For more information, please visit www.shearwatergroup.com. 

 

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