Epwin Group PLC, a leading manufacturer of energy-efficient and low-maintenance building products, has announced the granting of restricted share awards under the Epwin Long Term Incentive Plan to its Chief Executive Officer, Jon Bednall, and Group Finance Director, Chris Empson. Bednall has been awarded 180,733 shares, while Empson has been granted 126,513 shares, both with an exercise price of 0.05 pence per share and an exercisable date of 23 April 2027, subject to continued employment and performance conditions.
The awards are contingent on the company's performance and the overall shareholder experience during the vesting period. This move aligns with the company's strategy to incentivize and retain top talent, ensuring their commitment to the long-term success of the organization. The notification and public disclosure of these transactions comply with the requirements of the EU Market Abuse Regulation No 596/2014.
The transactions were conducted outside a trading venue, with both directors receiving the shares at nil consideration. This demonstrates the company's commitment to rewarding and retaining key personnel, reinforcing their dedication to driving the company's growth and success. The awards reflect the company's confidence in its long-term prospects and its commitment to delivering value to its shareholders.
This strategic move not only serves as a means to reward and motivate key individuals within the organization but also underscores the company's confidence in its future performance. It also demonstrates the company's commitment to aligning the interests of its leadership with those of its shareholders, fostering a culture of accountability and long-term value creation.