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Likewise Group PLC (LIKE)

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Tuesday 22 March, 2022

Likewise Group PLC

Grant of Options, SAYE, Issue of Shares & TVR

RNS Number : 5269F
Likewise Group PLC
22 March 2022
 

22 March 2022

Likewise Group plc

 

("Likewise" or the "Group")

 

Grant of Options, Employee SAYE,

Issue of Ordinary Shares and Total Voting Rights

 

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

Grant of Options

Likewise has granted options over 3,000,000 Ordinary Shares to 22 employees of the Group. 1,941,170 options have been granted under the rules of the Group's existing company share option plan ("CSOP"), with the remaining 1,058,830 options granted as unapproved options (the "Unapproved Options"). Both the CSOP and Unapproved Options have an exercise price of 34 pence per Ordinary Share and are exercisable 4 years after grant.

SAYE Scheme

The Group also announces that options were granted on 21 March 2022 over a total of 2,373,745 Ordinary Shares under its SAYE share option scheme in accordance with HMRC rules. The 2022 SAYE options have an exercise price, calculated in accordance with the rules of the SAYE scheme, of 32 pence and vest 5 years from the grant date on 21 March 2027. 

Following the issue of the CSOP options, the Unapproved Options and the 2022 SAYE options, the Group has 24,387,175 options outstanding in total.

Issue of Ordinary Shares

The Group has also issued 206,500 Ordinary Shares (the "Issue") to three employees who were good leavers under the terms of the existing SAYE schemes of Likewise. 204,000 Ordinary Shares are being issued at a price of 10 pence each, and 2,500 Ordinary Shares at a price of 21 pence each.

Total Voting Rights

Application has also been made for 206,500 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 23 March 2022.

Following Admission, the total number of voting rights in the Company will be 243,294,980. 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: 0121 817 2900

Zeus   (Nominated Adviser & Joint Broker)

Jordan Warburton / David Foreman / James Edis (Investment Banking)

Dominic King (Corporate Broking) 

 

Tel: 0203 829 5000

Ravenscroft Consultancy & Listing Services Limited  (Joint Broker)

Semelia Hamon (Corporate Finance)

Tel: 01481 732 746

Novella Communications  (Financial PR)

Fergus Young / Tim Robertson

Tel: 0203 151 7008

 

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