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Wynnstay Group PLC (WYN)

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Monday 24 August, 2020

Wynnstay Group PLC

Employee SAYE and Directors' Dealings

RNS Number : 7427W
Wynnstay Group PLC
24 August 2020
 

 

24 August 2020

AIM: WYN

Wynnstay Group plc

("Wynnstay" or "the Company")

 

Employee Save As You Earn Scheme and Directors' Dealings

The Company announces that it has issued new invitations under an established Save As You Earn scheme (the "SAYE Scheme"). The SAYE Scheme is approved by HM Revenue and Customs.

Pursuant to the SAYE Scheme, certain employees have chosen to participate resulting in them receiving options to subscribe for a total of up to 459,528 ordinary shares of 25 pence each in the Company ("SAYE Options") at a price of 275 pence per share. Included in this total of SAYE Options, the following persons discharging management responsibility (PDMR's) were granted SAYE Options on 24 August 2020 as set out below:

Name

Position

Number of SAYE Options

Gareth Wynn Davies

Chief Executive

1,309

David Andrew Thomas Evans 

Agriculture Director

2,618

Bryan Paul Roberts

Finance Director

5,236

Claire Alexander Williams

Company Secretary

2,618

 

Subject to certain conditions being satisfied, the entitlement to exercise the SAYE Options arises during the period 25 August 2023 to 24 February 2024. Participants who choose to exercise their entitlements pursuant to the rules of the SAYE Scheme will meet the obligation to pay for exercise of the SAYE Options out of funds they have paid into the SAYE Scheme prior to such exercise. Participants in the SAYE Scheme may opt to withdraw from the SAYE Scheme, recovering paid-in funds, prior to that time.

For the purpose of the FCA disclosure requirements under the Market Abuse Regime, the following additional information is relevant to this announcement:

1)  The SAYE Options are options to acquire ordinary shares of 25 pence each in the Company under the identification code GB0034212331.

2)  The Legal Entity Identifier for Wynnstay Group plc is 213800TOLA726AITR960.

3)  The grant of the SAYE Options occurred outside a trading venue.

4)  This announcement is an initial notification.

 

Enquiries:

 

Wynnstay Group plc

Gareth Davies, Chief Executive

Claire Williams, Company Secretary

T: 01691 827 142

 

 

 

 

KTZ Communications

Katie Tzouliadis / Dan Mahoney

T: 020 3178 6378

 

 

 

Shore Capital (Nomad)

Stephane Auton / Patrick Castle / John More

T: 020 7408 4090

 

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