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 5 June 2017, it made a further grant of options under its Save As You Earn ("SAYE") share scheme, which is available to 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 96.6 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 16 May 2017, the dealing day before the invitation to participate was made. The options have a contract start date of 1 July 2017 and are exercisable between 1 July 2020 and 31 December 2020.
A total of 236 employees elected to participate, and pursuant to these elections a total of 893,408 options over Ordinary Shares have been issued, equating to 0.63% of the current issued share capital.
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
Jamie Ricketts / Charlie Barker / Rossina Garcia Izaguirre 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.
This information is provided by RNS