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Share Name Share Symbol Market Type Share ISIN Share Description
W.h. Ireland Group Plc LSE:WHI London Ordinary Share GB0009241885 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 58.00 56.00 60.00 58.00 58.00 58.00 1,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 21.6 -3.3 -7.1 - 36

W.H. Ireland Group PLC Employee Share Option Trust Purchase Plan

18/05/2021 7:00am

UK Regulatory (RNS & others)


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RNS Number : 8886Y

W.H. Ireland Group PLC

18 May 2021

WH Ireland Group Plc

("WH Ireland" or the "Company")

Employee Share Option Trust Purchase Plan

The Company confirms today that its Employee Share Option Trust ("ESOT" or the "Trust") the trustee of which is Sanne Fiduciary Services Limited, has entered into a trading plan ("the ESOT Purchase Plan") to acquire ordinary shares of 5p each in the capital of the Company ("Ordinary Shares").

It is the Company and the ESOT's intention that any Ordinary Shares acquired by the ESOT will be used to satisfy the awards of share options granted to employees of the Company (or for such other purposes as may be required of the Trust from time to time).

Purchases under the ESOT Purchase Plan will be limited to 50,000 Ordinary Shares per month (to a maximum value of GBP40,000 per month) and the maximum price paid for such Ordinary Shares shall be an amount equal to the higher of: (i) 5% above the average of the middle market quotations for such Ordinary Shares for the preceding five business days immediately preceding the day on which the purchase is made; (ii) the price of the last independent trade of Ordinary Shares on the venue where the purchase is carried out; and (iii) the highest current independent bid for an Ordinary Share as derived from the trading venue where the purchase is carried out.

The ESOT Purchase Plan will, unless terminated by the Trustee at an earlier date, expire on 1 May 2023. It will also terminate (unless renewed) if the maximum of GBP40k is spent in three consecutive months.

Sanne Fiduciary Services Limited, as Trustee of the ESOT, has absolute discretion and independence in respect of all trading decisions it may make in respect of the purchase of Shares pursuant to the ESOT Purchase Plan.

Further updates will be made as and when any trades are undertaken by the ESOT.

For further information please contact:

 
WH Ireland Group plc            www.whirelandplc.com 
Phillip Wale, Chief Executive 
 Officer                        +44(0) 20 7220 1666 
 
Canaccord Genuity Limited       www.canaccordgenuity.com 
Emma Gabriel / Tom Diehl        +44(0) 20 3368 3555 
 
MHP Communications              whireland@mhpc.com 
Reg Hoare / James Bavister      +44 (0) 20 3128 8793 
 

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May 18, 2021 02:00 ET (06:00 GMT)

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