Last checked at 5 Sep 2012 14:27
Wynnstay Group plc
("Wynnstay" or the "Company")
Employee Save As You Earn Scheme and Director's Dealing
Wynnstay announces that it has issued new invitations under an established Save As You Earn Scheme (the "SAYE Scheme") under which eligible employees are able to participate as from 31 August 2012. The SAYE Scheme is approved by H.M. Revenue and Customs.
Pursuant to the SAYE Scheme certain employees have chosen to participate resulting in them being able to subscribe for up to 169,327 ordinary shares in the capital of the Company ("SAYE Shares") at a price of £3.40 per SAYE Share. Pursuant to the SAYE Scheme, Paul Roberts, a director of the Company, is able to subscribe for up to 1,323 SAYE Shares at £3.40 per SAYE Share.
Subject to certain conditions being satisfied, the entitlement to subscribe for the SAYE Shares arises during the period 1 September 2017 to 28 February 2018. Participants who choose to exercise their entitlements pursuant to the rules of the SAYE Scheme will meet the obligation to pay for the SAYE Shares out of funds they have paid into the SAYE Scheme prior to such exercise. Participants in the SAYE Scheme may opt to withdraw from the SAYE Scheme, recovering paid-in funds, prior to that time.
For further details please contact:
Paul Roberts, Wynnstay Group plc
Tel: 01691 828512
Dan Bate, WH Ireland Limited
Tel: 0161 832 2174