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CTH Caretech Holdings Plc

750.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caretech Holdings Plc LSE:CTH London Ordinary Share GB00B0KWHQ09 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 750.00 749.00 750.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

CareTech Holdings PLC Grant of Sharesave Options (8290T)

17/10/2017 11:37am

UK Regulatory


TIDMCTH

RNS Number : 8290T

CareTech Holdings PLC

17 October 2017

 
 For immediate release                                                                     17 October 2017 
 
 

CareTech Holdings PLC

("CareTech" or the "Company")

Grant of Sharesave Options

CareTech Holdings PLC (AIM: CTH), a leading provider of specialist social care services in the UK, announces that, on 13 October 2017, it granted options in aggregate over 254,681 ordinary shares of 0.5 pence in the Company ("Options") pursuant to the CareTech Holdings Plc Sharesave Scheme 2017 ("Sharesave 2017").

The three year contract start date of the Options is 1 December 2017. The Options are exercisable at a price of 308 pence per share between 1 December 2020 and 31 May 2021 and are not subject to any performance conditions. The exercise price has been determined in accordance with the valuation methodology agreed with HM Revenue & Customs and the rules in relation to Sharesave schemes.

Farouq Sheikh, CareTech's Executive Chairman, commented: "We created the Caretech Sharesave Scheme last year to provide a risk-free, Government-supported method for all our staff to have the opportunity to participate in the Company's equity. Last year, more than 200 members of staff chose to join the scheme, which forms part of CareTech's staff retention strategy. We are particularly pleased that in this second year of the scheme more than 250 members of staff have chosen to participate and it is our intention to launch further Sharesave schemes in future."

For further information, please contact:

 
 CareTech Holdings PLC 
  Farouq Sheikh, Executive 
  Chairman 
  Michael Hill, Group Finance 
  Director                       01707 601 800 
 Buchanan (PR Adviser) 
  Mark Court 
  Sophie Cowles 
  Stephanie Watson               020 7466 5000 
 Panmure Gordon (Nomad 
  and Joint Broker) 
  Freddy Crossley 
  Peter Steel 
  Charles Leigh-Pemberton        020 7886 2500 
 WH Ireland (Joint Broker) 
  Adrian Hadden 
  James Bavister                 020 7220 1666 
 

About CareTech

CareTech Holdings plc is a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs in more than 260 specialist services around the UK.

Committed to the highest standards of care and care governance, CareTech provides its innovative care pathways through five divisions covering adult learning disabilities, specialist services, young people residential services, foster care and learning services which come under the two outcome-based sectors of Adult Services and Young People Services.

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH. Its property portfolio comprises more than 200 properties.

For further information please visit: www.caretech-uk.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFFDFSWFWSEDS

(END) Dow Jones Newswires

October 17, 2017 06:37 ET (10:37 GMT)

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