MyHealthChecked PLC Establishment of an Employee Benefit Trust (8615V)

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RNS Number : 8615V

MyHealthChecked PLC

12 April 2023

MyHealthChecked PLC

( " MyHealthChecked " or the "Company " )

Establishment of an Employee Benefit Trust

MyHealthChecked PLC (AIM: MHC), the consumer home-testing healthcare company, announces that it has established an Employee Benefit Trust called The MyHealthChecked PLC Benefit Trust (the "EBT"). The EBT will be for the benefit of current and future employees.

The EBT will act independently of the Company, managed by Ogier Global Trustee (Jersey) Limited, and is expected to make market purchases of ordinary shares of the Company ("Ordinary Shares") in order to, among other things, satisfy future option exercises of vested options granted pursuant to the Company's share option scheme.

The EBT will be funded by way of a loan from the Company and the Board believes that the formation of the EBT will help the Company in attracting new talent and incentivising existing members of the management team. The maximum amount of the loan to be made available to the EBT is currently capped at GBP50,000 but maybe varied in the future by agreement between the Company and the trustees of the EBT.

For further information contact:

 
 MyHealthChecked PLC                                                www.myhealthchecked.com 
 Penny McCormick, Chief Executive                                           via Walbrook PR 
  Officer 
 
 SPARK Advisory Partners Limited                                   Tel: [phone] 
  (NOMAD) 
 Neil Baldwin 
 
 Dowgate Capital Limited (Broker)                                  Tel: [phone] 
 David Poutney / Nicholas Chambers 
 
 Walbrook PR Ltd (Media       Tel: [phone] or [e-mail] 
  & IR) 
 Paul McManus / Alice Woodings                               Mob: [phone] / +44 
                                                                            (0)7407 804 654 
 
 

About MyHealthChecked PLC ( www.myhealthcheckedplc.com )

MyHealthChecked PLC, based in Cardiff, is an AIM-quoted pioneering UK healthcare company focused on a range of at-home healthcare and wellness tests.

MyHealthChecked is the umbrella brand of a range of at-home rapid tests, as well as DNA, RNA and blood sample collection kits which have been created to support customers on their journeys to wellness. The tests are lateral-flow self-tests, and the sample collection kits enable the collection of blood, urine nasal or mouth swab samples that are analysed in partner laboratories for a range of biomarkers. The tests will also be made available online and will be viable for over-the-counter purchase.

The MyHealthChecked portfolio has been identified as part of a change in mindset as customers become more familiar with the concept of accessible healthcare in the growing at home testing kit market with a focus on accessibility at the right price, led by UK-based experts.

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April 12, 2023 02:00 ET (06:00 GMT)