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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Epwin Group Plc | LSE:EPWN | London | Ordinary Share | GB00BNGY4Y86 | ORD 0.05P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 86.50 | 85.00 | 88.00 | 86.50 | 86.50 | 86.50 | 245,144 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gen Contractor-nonres Bldgs | 355.8M | 8.4M | 0.0580 | 14.91 | 125.36M |
TIDMEPWN
RNS Number : 7718I
Epwin Group PLC
16 December 2020
16 December 2020
Epwin Group Plc
LTIP Award - Issue of Shares
Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors, announces that the Company has issued in aggregate 1,594,108 new ordinary shares of 0.05p each ("New Ordinary Shares") to Jonathan Bednall, Christopher Empson and Shaun Hanrahan, who are Persons Discharging Managerial Responsibilities ("PDMRs"), as well as certain other senior management pursuant to the Long Term Incentive Plan ("LTIP") established in 2017, in respect of performance in the three financial years ending 31 December 2019. The details of the LTIP are set out in the Company annual report to 31 December 2017.
Vesting of the LTIP was due on the finalisation of results for the year ended 31 December 2019, however the Remuneration Committee, in consultation with management, agreed to defer the award as part of a range of actions taken by the Board to manage the initial impact of COVID-19 on the Group's cashflows. Full details of the grants to the executive directors are set out in disclosure tables below. The awards will be settled net of taxation in equity, with taxation liabilities paid from Group cash facilities. The New Ordinary Shares are subject to a minimum retention period of six months from the date of receipt.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM, and admission is expected to take place on 23 December 2020 ("Admission"). Following Admission, the Company's issued share capital will consist of 144,547,210 ordinary shares. There are no ordinary shares held in treasury. Therefore, following Admission, this figure of 144,547,210 should be used by shareholders as the denominator for the calculation by which they 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.
Contact information
Epwin Group Plc Jon Bednall, Chief Executive Chris Empson, Group Finance Director 0203 128 8572 Shore Capital (Nominated Adviser and Joint Broker) Corporate Advisory Edward Mansfield / Daniel Bush / Hugo 0207 408 4090 Masefield Corporate Broking Fiona Conroy Zeus Capital Limited (Joint Broker) John Goold / Dominic King 0203 829 5000 MHP Communications 0203 128 8572 Reg Hoare / Charlie Barker / Florence epwin@mhpc.com Mayo
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Jonathan Bednall -------------------------- -------------------------------------- 2 Reason for the notification ------------------------------------------------------------------ a) Position/status Chief Executive Officer -------------------------- -------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------ a) Name Epwin Group Plc -------------------------- -------------------------------------- b) LEI 213800LKMG4PDH2F8I85 -------------------------- -------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------ a) Description of the Ordinary shares of 0.05p each financial instrument, type of instrument GB00BNGY4Y86 Identification code -------------------------- -------------------------------------- b) Nature of the transaction Issue of New Ordinary Shares pursuant to an LTIP scheme -------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 89.1 pence 294,701 ---------- -------------------------- -------------------------------------- d) Aggregated information As above - Aggregated volume - Price -------------------------- -------------------------------------- e) Date of the transaction 16 December 2020 -------------------------- -------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Christopher Empson -------------------------- -------------------------------------- 2 Reason for the notification ------------------------------------------------------------------ a) Position/status Group Finance Director -------------------------- -------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------ a) Name Epwin Group Plc -------------------------- -------------------------------------- b) LEI 213800LKMG4PDH2F8I85 -------------------------- -------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------ a) Description of the Ordinary shares of 0.05p each financial instrument, type of instrument GB00BNGY4Y86 Identification code -------------------------- -------------------------------------- b) Nature of the transaction Issue of New Ordinary Shares pursuant to an LTIP scheme -------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 89.1 pence 245,665 ---------- -------------------------- -------------------------------------- d) Aggregated information As above - Aggregated volume - Price -------------------------- -------------------------------------- e) Date of the transaction 16 December 2020 -------------------------- -------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Shaun Hanrahan -------------------------- -------------------------------------- 2 Reason for the notification ------------------------------------------------------------------ a) Position/status Executive Director -------------------------- -------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------ a) Name Epwin Group Plc -------------------------- -------------------------------------- b) LEI 213800LKMG4PDH2F8I85 -------------------------- -------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------ a) Description of the Ordinary shares of 0.05p each financial instrument, type of instrument GB00BNGY4Y86 Identification code -------------------------- -------------------------------------- b) Nature of the transaction Issue of New Ordinary Shares pursuant to an LTIP scheme -------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 89.1 pence 280,879 ---------- -------------------------- --------------------------------------
d) Aggregated information As above - Aggregated volume - Price -------------------------- -------------------------------------- e) Date of the transaction 16 December 2020 -------------------------- -------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- --------------------------------------
About Epwin
Epwin is the leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement (" RMI"), new build and social housing sectors. The Company is incorporated, domiciled and operates principally in the United Kingdom.
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December 16, 2020 02:05 ET (07:05 GMT)
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