Corcel PLC has announced the issuance of 3,556,362 ordinary shares under the Share Incentive Plan (SIP) for the 2023/24 tax year. The SIP allows eligible employees to make monthly deductions from their salaries, which are then held by the SIP Trustees and invested in the company. The issuance includes Partnership Shares, Matching Shares, and Free Shares, with specific prices based on the mid-market closing prices. The New Ordinary Shares are expected to be admitted to trading on AIM around 24 May 2024.
Following the admission of the New Ordinary Shares, the company's total issued share capital will consist of 1,958,300,515 ordinary shares, with one voting right per share. The company does not hold any shares in treasury, resulting in a total of 1,958,300,515 voting rights in the company. Shareholders can use this figure as the denominator for calculations related to their interests in the share capital of the company.
For further information, interested parties can contact Antoine Karam, Corcel Plc Executive Chairman, and Scott Gilbert, Corcel Plc CEO. Additionally, WH Ireland Ltd serves as the NOMAD & Broker, and Vigo Communications handles investor relations.
For more details, readers can refer to the original announcement.