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Award of shares under the Share Incentive Plan

20 May 2014 07:00

RNS Number : 5172H
Sweett Group PLC
20 May 2014
 



20 May 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 May 2014 that, following payroll contributions made on 30 April 2014, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP'), awarded 33,198 ordinary shares of 10 pence each respectively in the Company ("Ordinary Shares") to participants in the SIP at a price of 40.0 pence per share.

 

Following the appropriation, Cyril Sweett Trustee Company Limited holds 8,406,357 Ordinary shares, representing 12.24% 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 P M M Sinclair

Mr D R Pitcher

Chief Executive Officer

Chief Financial Officer

Director

313 Ordinary Shares

3,750 Ordinary Shares

3,750 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

1,094,688

1.59

Mr P M M Sinclair

39,763

0.06

Mr D R Pitcher

2,029,648

2.96

 

At the date of this announcement, the Company's issued share capital consists of 68,659,879 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

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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