News and Views

RNS Number : 2728E
W.H. Ireland Group PLC
08 May 2013
 



 

WH Ireland Group plc

(the “Company” and, together with its subsidiaries, the “Group”)

 

Employee Share Plan and Director’s Dealing

 

WH Ireland Group plc announces that  the Company has established a second Save As You Earn option scheme (the “SAYE Scheme II“), effective from 1 June 2013, which is approved by H.M. Revenue and Customs.  The SAYE Scheme II is in addition to the first Save As You Earn Scheme which was announced on 2 November 2011.  

Certain employees (the “SAYE Scheme II Participants“) of the Group have chosen to participate in the SAYE Scheme II, pursuant to which, subject to certain customary conditions being satisfied, they will be able to subscribe for, in aggregate, up to 522,190 ordinary shares in the capital of the Company (“Shares“). Richard Killingbeck, CEO, is one of the SAYE Scheme II Participants and, subject to the same conditions being satisfied, he will be able to subscribe for up to 18,292 Shares.

The entitlements to subscribe arise following the end of the three year period to 31 May 2016.  The exercise price per Share is set at 49.2 pence and the SAYE Scheme II Participants may opt to withdraw from the SAYE Scheme II, recovering paid-in funds, prior to that time.

 

For further information please contact:

WH Ireland Group plc

+44 (0) 20 7220 1666

Rupert Lowe, Chairman


Richard Killingbeck, CEO




Panmure Gordon (UK) Limited

+44 (0)20 7886 2500

Hugh Morgan (Corporate Finance)


Adam Pollock (Corporate Broking)




Abchurch Communications

+44 (0)20 7398 7718

Harriet Rae/Joanne Shears/Julian Bosdet


 

This information is provided by RNS
The company news service from the London Stock Exchange
 

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