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Vivo Energy (VVO)

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Thursday 11 March, 2021

Vivo Energy

Employee Benefit Trust Share Purchase

RNS Number : 8676R
Vivo Energy PLC
11 March 2021
 

11 March 2021

Vivo Energy plc

LSE:VVO / JSE:VVO

 

Employee Benefit Trust Purchase

 

The Company was today notified by Apex Financial Services (Trust Company) Limited, the Trustees of the Vivo Energy Employee Benefit Trust (the "EBT"), that the EBT has purchased 2,000,000 Ordinary Shares at an average price of 93.15p pence per share.

The Shares held in the EBT are intended to be used to satisfy awards made under the Company's IPO Share Plan and the Long Term Incentive Plan as well as Deferred Bonuses.  The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries.  The Executive Directors of the Company are included in the class of beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof. 

The EBT conducts market purchases of Ordinary Shares to satisfy potential future option exercises made under the Company's IPO Share Plan and Long Term Incentive Plan. Following this transaction, a total of 4,133,183 shares representing 0.32% of the Company's total voting rights are held in the EBT. 

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For further information, please contact:

 

Minna Gonzalez-Gomez

Group Company Secretary

+44 2030 343 718

[email protected]  

 

 

About Vivo Energy:

 

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.

 

Vivo Energy has its primary listing on the London Stock Exchange and secondary listing on the Johannesburg Stock Exchange.

 

For more information about Vivo Energy please visit  www.vivoenergy.com

 

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