CSG.L Regulatory News (CSG)

22 Apr 2008 15:48

Cyril Sweett Group PLC22 April 2008 Cyril Sweett Group plc (the "Company") 22 April 2008 Award of shares under the Share Incentive Plan Cyril Sweett Group plc announces today that it received notification that duringthe quarterly accumulation period ended 31 March 2008, Cyril Sweett TrusteeCompany Limited, trustee of the HMRC approved Cyril Sweett All Employee ShareOwnership Plan ("SIP') transferred 469,645 of the Company's ordinary shares of10 pence each ("Ordinary Shares") to participants leaving the plan. The SIP is a discretionary trust for the benefit of employees of the Company andparticipating subsidiaries, which holds Ordinary Shares acquired and/or awardedunder the partnership, matching, free and dividend shares sections of plan.During a quarterly accumulation period, eligible participating employeescontribute funds to purchase partnership shares which are matched on a two forfive basis. Dividends in respect of shares held by the SIP are re-invested topurchase dividend shares. Following the end of the quarterly accumulation period ended 31 March 2008,97,585 Ordinary Shares were awarded to participants in the plan on 1 April 2008,following which Cyril Sweett Trustee Company Limited holds 9,262,725 OrdinaryShares. Directors in the Company who are beneficiaries of the SIP and their respectivebeneficial ownership of shares in the Company, before and after this quarterlyappropriation are as follows: Prior to the quarterly Following the quarterly appropriation appropriationName Number of shares % Number of shares %Mr M J G Henderson 210,350 0.37 210,899 0.37Mr F R Ives 2,659,534 4.66 2,660,083 4.66Mr M Kemsley 1,012,218 1.77 1,012,767 1.78Mr R S Mabey 209,872 0.37 210,422 0.37Mr D R Pitcher 1,435,030 2.52 1,435,579 2.52Mr D L Webster 851,858 1.49 852,406 1.49Total 6,378,862 11.18 6,382,156 11.19 As at the date of this announcement, the Company's issued share capital consists of 57,037,105 Ordinary shares with voting rights and the Company holds 502,690 Ordinary shares in Treasury. For further information, call: Cyril Sweett Group plc 0207 061 9386James Murray, Company Secretary Brewin Dolphin Investment Banking 0845 270 8610Andrew KitchingmanSean Wyndham-Quin ENDS This information is provided by RNS The company news service from the London Stock Exchange