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Award of shares under the Share Incentive Plan

20 Mar 2014 07:00

RNS Number : 7363C
Sweett Group PLC
20 March 2014
 



20 March 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 March 2014 that, following payroll contributions made on 28 February 2014, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP'), awarded 7,600 ordinary shares of 10 pence each respectively in the Company ("Ordinary Shares") to participants in the SIP at a price of 53.0 pence per share.

 

Following the appropriation, Cyril Sweett Trustee Company Limited holds 8,455,919 Ordinary shares, representing 12.32% 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

236 Ordinary Shares

236 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

1,082,051

1.58

Mr D R Pitcher

2,000,574

2.91

 

At the date of this announcement, the Company's issued share capital consists of 68,658,585 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

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
 
 
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