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25 Jun 2014 14:03
McKAY SECURITIES PLC
("the Company" or "McKay Securities")
Allotment of new ordinary shares pursuant to the
Performance Share Plan ("PSP")
In accordance with the Group's Performance Share Plan ("PSP") formally approved by shareholders at the Annual General Meeting on 25th July 2007, the Board of McKay Securities have allotted at par, subject to admission to listing, 430,430 new ordinary shares.
In addition, the Board of McKay Securities have allotted at par, subject to admission to listing 74,418 new ordinary shares as a result of the exercise of share options under the 2001 Executive Share Option Scheme.
The total allotment, subject to admission to listing, is 504,848.
Application has been made for the admission of the new ordinary shares to listing on the Official List and to trading on the main market of the London Stock Exchange Plc. The admission of such shares is expected to become effective on or around 30th June 2014.
The 504,848 new ordinary shares to be issued and allotted by the Company represent approximately 0.55% of the Company's existing issued share capital and approximately 0.55% of the Company's enlarged issued share capital after the allotment. The new ordinary shares will rank pari passu in all respects with existing ordinary shares in issue.
Enquiries:
McKay Securities PLC
Giles Salmon, Finance Director
0118 950 2333
Oriel Securities Limited
Tunga Chigovanyika
020 7710 7702
Date: 25th June 2014
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