Grant of Options under SAYE Scheme

RNS Number : 6887M

Epwin Group PLC

11 May 2015

 

Epwin Group Plc

("Epwin" or the "Company")

Grant of Options under SAYE Scheme

Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the vertically integrated manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors, is pleased to announce that it has launched a Save As You Earn ('SAYE') share scheme for all employees on 8 May 2015.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 0.05 pence each ('Ordinary Shares') at an exercise price of 86.4 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 17 April 2015, the dealing day before the invitation to participate was made. The options have a contract start date of 1 July 2015 and are exercisable between 1 July 2018 and 31 December 2018.

A total of 279 employees elected to participate, and pursuant to these elections a total of 1,593,220 options over Ordinary Shares have been issued, equating to 1.18% of the current issued share capital.

Jon Bednall, Chris Empson and Shaun Hanrahan, all Directors of the Company, have elected to participate in the SAYE scheme and are included in the total figures above. Their individual option grants pursuant to the SAYE scheme are as follows:

Jon Bednall - 20,833 shares under option

Chris Empson - 20,833 shares under option

Shaun Hanrahan - 20,833 shares under option

As a result of these option grants, Jon Bednall, Chris Empson and Shaun Hanrahan's respective direct interests in Ordinary Shares are as follows:

Director	Ordinary Shares Held	Options granted over Ordinary Shares under SAYE scheme	Total Interest	% of issued share capital
Jon Bednall	578,500	20,833	599,333	0.46%
Chris Empson	39,200	20,833	60,033	0.04%
Shaun Hanrahan	0	20,833	20,833	0.02%

In addition Jon, Chris and Shaun have interests of 9%, 12% and 12% respectively in any value created under the Company's Management Incentive Plan ('MIP'), details of which were disclosed in Epwin's AIM Admission Document dated 14 July 2014.

Contact information

Epwin Group Plc Jon Bednall, Chief Executive Chris Empson, Group Finance Director	[phone]
Zeus Capital Limited (Nomad and Broker) Nick Cowles / Andrew Jones / Jamie Peel Dominic King / John Goold	[phone] [phone]
Maitland Tom Eckersley / Marina Burton	[phone]

Notes to Editors

About Epwin

Epwin is a vertically integrated manufacturer of low maintenance building products, supplying the RMI, new build and social housing sectors.

The Company is incorporated and domiciled in the United Kingdom. It operates principally in the United Kingdom.

www.epwin.co.uk

 

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