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Award of shares under the Share Incentive Plan

20 Feb 2014 07:00

RNS Number : 4898A
Sweett Group PLC
20 February 2014
 



 

Sweett Group plc (the "Company")

 

Award of shares under the Share Incentive Plan

 

Sweett Group (AIM: CSG.L), the international construction and property consultancy, announces that it received notification on 19 February 2014 that, following payroll contributions made on 31 January 2014, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP'), awarded 13,927 ordinary shares of 10 pence each respectively in the Company ("Ordinary Shares") to participants in the SIP at a price of 53.5 pence per share.

 

Following the appropriation, Cyril Sweett Trustee Company Limited holds 8,624,953 Ordinary shares representing 12.62% of the issued share capital of the Company.

 

Under the SIP, the following directors of the Company purchased Ordinary Shares:

 

Mr D L Webster

Mr D R Pitcher

Chief Executive Officer

Director

234 Ordinary Shares

234 Ordinary Shares

 

Therefore the following directors' beneficial holdings in the Company have changed following these appropriations:

 

Following the appropriations

Name

Number of shares

%

Mr D L Webster

1,081,815

1.58

Mr D R Pitcher

2,000,338

2.93

 

At the date of this announcement, the Company's issued share capital consists of 68,344,198 Ordinary Shares with voting rights and the Company holds no Ordinary Shares in Treasury.

 

For further information, please call:

 

Sweett Group plc +44 (0)20 7061 9000

Patrick Sinclair, Chief Financial Officer

Philip Watt, Company Secretary

 

Westhouse Securities Limited +44 (0)20 7601 6100

Tom Griffiths

Paul Gillam

 

FTI Consulting +44 (0)20 7831 3113

Oliver Winters

 

About Sweett Group

Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP/PFI investment.

We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve.

www.sweettgroup.com

 

ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSGGURAPUPCGMB
Date   Source Headline
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26th Jan 201212:18 pmRNSDirector Dealing
24th Jan 20125:22 pmRNSReplacement - Award of Shares Under the SIP
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23rd Jan 20127:01 amRNSChange of Company Name
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18th Oct 20115:23 pmRNSTransaction in Own Shares and Issue of Equity
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2nd Sep 20117:00 amRNSAGM Statement
18th Aug 20112:25 pmRNSAward of Shares under the Share Incentive Plan
5th Aug 201112:44 pmRNSIssue of Equity
3rd Aug 201112:18 pmRNSPosting of Report and Accounts and Notice of AGM

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