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Award of shares under the Share Incentive Plan

19 Jan 2010 16:54

RNS Number : 8052F
Cyril Sweett Group PLC
19 January 2010
 



Cyril Sweett Group plc (the "Company")

19 January 2010

Award of shares under the Share Incentive Plan

The Company announces that it has received notification on 18 January 2010 following the quarterly accumulation period which ended on 31 December 2009, that Capita IRG Trustees Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP') awarded 360,663 Ordinary shares of 10 pence each in the Company ("Ordinary Shares") to participants in the plan on 18 January 2010.

The SIP is a discretionary trust for the benefit of employees of the Company and participating subsidiaries, which holds Ordinary Shares acquired and/or awarded under the partnership, matching free and dividend shares sections of the plan. During the last quarterly accumulation period, eligible participating employees contribute funds to purchase partnership shares which are matched on a four for five basis. Dividends in respect of shares held by the SIP are re-invested to purchase dividend shares.

Following the quarterly appropriation Capita IRG Trustees Limited holds 10,355,476 Ordinary Shares.

Directors in the Company who are beneficiaries of the SIP and their respective beneficial holdings in the Company, before and after this quarterly appropriation, are as follows:

Prior to the quarterly appropriation Following the quarterly appropriation
Name Number of shares % Number of shares %
Mr M J G Henderson
328,272
0.57
330,255
0.57
Mr F R Ives
2,808,828
4.88
2,810,811
4.88
Mr R S Mabey
278,832
0.48
280,815
0.49
Mr D R Pitcher
1,529,730
2.66
1,531,713
2.66
Mr D L Webster
951,643
1.65
953,626
1.66
Total
5,897,305
10.24
5,907,220
10.26

 

At the date of this announcement, the Company's issued share capital consists of 57,582,328 Ordinary shares with voting rights and the Company holds no Ordinary Shares in Treasury.

For further information, call:

Cyril Sweett Group plc 0207 061 9053

Francesca Wilson, Company Secretary

Brewin Dolphin Investment Banking 0845 270 8610

Andrew Kitchingman

Sean Wyndham-Quin

ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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17th Jul 20147:00 amRNSDirectorate Change
14th Jul 20147:00 amRNSWall Street Journal Allegation - Update
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15th Apr 20147:00 amRNSTrading Update
14th Apr 20141:11 pmRNSIssue of Equity
2nd Apr 20147:00 amRNSWall Street Journal Allegation - Update
20th Mar 20147:00 amRNSAward of shares under the Share Incentive Plan
28th Feb 20147:01 amRNSIssue of Equity
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24th Jan 20147:00 amRNSAward of shares under the Share Incentive Plan
22nd Jan 20147:00 amRNSSweett realises investment in hub North
20th Jan 20143:55 pmRNSDirector Dealing
8th Jan 20147:00 amRNSConclusion of Independent Investigation
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19th Nov 20133:36 pmRNSAward of shares under the SIP
1st Nov 201311:59 amRNSIssue of Equity
24th Oct 20137:00 amRNSTrading Update
21st Oct 20137:00 amRNSAward of shares under the Share Incentive Plan
4th Oct 20137:00 amRNSIssue of Equity
1st Oct 20137:00 amRNSGrant of options
25th Sep 20137:00 amRNSDirector Dealing
23rd Sep 20137:00 amRNSDirector Dealing
18th Sep 20137:00 amRNSAward of shares under the Share Incentive Plan
17th Sep 20137:00 amRNSIssue of Equity and Director Dealing
13th Sep 20137:00 amRNSOpening of New Jersey Office
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2nd Sep 20137:00 amRNSHong Kong Tunnel Commission
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23rd Aug 20137:00 amRNSAcquisition of Boulter Stewart
7th Aug 20137:00 amRNSNotice of AGM
2nd Aug 20137:00 amRNSOpening of Los Angeles Office
22nd Jul 20137:00 amRNSTrading Update
17th Jul 20139:59 amRNSAward of shares under the Share Incentive Plan
12th Jul 20137:00 amRNSPFI Financial Close
9th Jul 20137:00 amRNSPFI Investment Update
2nd Jul 20137:00 amRNSPreliminary Results
25th Jun 20137:00 amRNSAustralian Appointments
24th Jun 20137:00 amRNSStatement re: Press Comment
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