Grant of Options, SAYE Exercise & TVR

Likewise Group PLC

05 September 2023

 

5 September 2023

Likewise Group plc

("Likewise", the "Company" or the "Group")

Grant of Options, SAYE Exercise & Total Voting Rights

Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings distributor, announces the grant of new share options to employees and the issue of ordinary shares of £0.01 each ("Ordinary Shares") to good leavers from the Group's existing Save As You Earn ("SAYE") schemes.   

Grant of Options

Likewise has granted options over 400,000 Ordinary Shares to four employees of the Group under the rules of the Group's existing company share option plan ("CSOP"). None of the awards have been granted to PDMRs or senior management of the Group. The CSOP options have an exercise price of 18.25 pence per Ordinary Share and are exercisable three years after grant.

Following the issue of the CSOP options, the Group has 26,206,804 options outstanding in total.

Issue of Ordinary Shares

The Group has also issued 106,000 Ordinary Shares (the "Issue") at a price of 10 pence each to one employee who was a good leaver under the terms of the existing SAYE schemes of Likewise.

Total Voting Rights

Application has also been made for 106,000 Ordinary Shares pursuant to the Issue to be admitted to trading on AIM ("Admission"), with dealings expected to commence at 8.00 a.m. on 8 September 2023.

Following Admission, the total number of voting rights in the Company will be 243,964,480. 

Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Likewise Group plc Tony Brewer, Chief Executive Roy Povey, Chief Financial Officer	Tel: [phone]
Zeus (Nominated Adviser & Joint Broker) Jordan Warburton / David Foreman / James Edis (Investment Banking) Dominic King (Corporate Broking)	Tel: [phone]
Ravenscroft Consultancy & Listing Services Limited (Joint Broker) Semelia Hamon (Corporate Finance)	Tel: [phone]
Novella Communications (Financial PR) Claire de Groot / Tim Robertson	Tel: [phone]

 

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