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Wynnstay Group PLC (WYN)

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Tuesday 02 August, 2022

Wynnstay Group PLC

Employee SAYE Scheme and Directors' Dealings

RNS Number : 5262U
Wynnstay Group PLC
02 August 2022
 

2 August 2022

AIM: WYN

 

 

Wynnstay Group plc

("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 (the "SAYE Scheme"). The SAYE Scheme is approved by H.M. 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 142,710 ordinary shares of 25 pence each in the Company ("SAYE Options") at a price of 550 pence per share. Included in this total of SAYE Options, the following person discharging management responsibility (PDMR) was granted SAYE Options on 1 August 2022 as set out below:

 

Name

Position

Number of SAYE Options

Claire Alexander Williams

Company Secretary

654

 

 

Subject to certain conditions being satisfied, the entitlement to exercise the SAYE Options arises during the period August 2025 to February 2026. Participants who choose to exercise their entitlements pursuant to the rules of the SAYE Scheme will meet the obligation to pay for the 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.

 

For further enquiries please contact:

 

Wynnstay Group plc

Gareth Wynn Davies, CEO

Paul Roberts, Finance Director

T: 01691 827118

 




KTZ Communication

Katie Tzouliadis / Dan Mahoney

T: 020 3178 6378




Shore Capital (Nomad)

John Moore / Stephane Auton

T: 020 7408 4090



 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Claire Alexander Williams

2

Reason for the notification

a)

Position/status

Company Secretary

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Wynnstay Group plc

b)

LEI

213800TOLA726AITR960

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 25 pence each in the Company ("Ordinary Shares")

 

 

GB0034212331

b)

Nature of the transaction

Grant of options under the Company's Save as You Earn Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price

 

Volume(s)

 

Nil

 

654 shares


d)

Aggregated information

N/A (single transaction)

e)

Date of the transactions

1 August 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

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