Grant of Options under SAYE Scheme

RNS Number : 4978W

Epwin Group PLC

15 November 2017

 

Epwin Group Plc

("Epwin" or the "Company")

Grant of Options under SAYE Scheme

Epwin Group Plc (AIM: EPWIN) ("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, on 14 November 2017, it made a further grant of options under its Save As You Earn ("SAYE") share scheme, which is available for all employees.

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 64.0 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 24 October 2017, the dealing day before the invitation to participate was made.  The options have a contract start date of 1 January 2018 and are exercisable between 1 January 2021 and 30 June 2021.

A total of 170 employees elected to participate, and pursuant to these elections a total of 1,608,545 options over Ordinary Shares have been issued, equating to 1.13% of the current issued share capital.

Contact Information

Epwin Group Plc                                                                                           0203 128 8100

Jon Bednall, Chief Executive

Chris Empson, Group Finance Director

Zeus Capital Limited (Nomad and Joint Broker)                     

Nick Cowles / Jamie Peel                                                                             0161 831 1512

Dominic King / John Goold                                                                          0203 829 5000

Panmure Gordon (UK) Limited (Joint Broker)

Erik Anderson / Andrew Potts                                                                  0207 886 2500

MHP Communications

Reg Hoare / Charlie Barker                                                                         0203 128 8100

Note to Editors

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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