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TIDMULT
RNS Number : 7825Q
Ultrasis PLC
25 October 2011
25 October 2011
Ultrasis plc
("Ultrasis" or the "Company")
Ultrasis launches Share Incentive Plan
Ultrasis, the provider of interactive health care services, today announces the launch of its Share Incentive Plan ("SIP"), which is an HMRC-approved plan that offers Income Tax and National Insurance advantages for employees and companies. The SIP was approved by the Board of Ultrasis (the "Board") on 22 September 2011, received HMRC approval on 18 October 2011 and will be effective from 1 November 2011.
The SIP is an all-employee plan designed to encourage more companies to offer shares to all their employees on a tax-efficient basis. The features of the SIP have been designed to make it an effective long-term incentive scheme to encourage staff retention.
Nigel Brabbins, CEO of Ultrasis, said:
"The Board's intentions in establishing the SIP are to give Ultrasis' employees an opportunity to invest cost effectively in the business, secure their skills in its service and enable them to share the benefits of Ultrasis' long term growth."
-ENDS-
For further information contact:
Ultrasis plc Tel: +44 (0) 20 7535 2050
Nigel Brabbins, CEO
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Stuart Faulkner / Liam Buswell
JBP Public Relations Tel: +44 (0) 20 3267 0074
Liam Herbert
This information is provided by RNS
The company news service from the London Stock Exchange
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