Epwin Group PLC, a leading manufacturer of energy-efficient and low-maintenance building products, has announced that certain members of the senior management team, including Jonathan Bednall and Christopher Empson, exercised their options under the Long Term Incentive Plan (LTIP) to acquire 189,271 ordinary shares in the company. The awards will be settled net of taxation in equity, with taxation liabilities paid by the Group. The new ordinary shares are expected to be admitted to trading on AIM on 24th June 2024.
Jonathan Bednall, the Chief Executive Officer, and his wife Justine Bednall transferred 120,000 ordinary shares to their adult children as a gift. Following this transfer, Jonathan Bednall and his closely associated persons are beneficially interested in 426,183 ordinary shares. The company's issued voting ordinary share capital will consist of 141,592,094 ordinary shares after the admission of the new ordinary shares.
The exercise of options and issue of new ordinary shares pursuant to the LTIP scheme were conducted outside a trading venue at a price of 91.0 pence per share. The details of the exercises by PDMRs are set out in disclosure tables provided in the company's annual report to 31 December 2023. Shareholders should use the figure of 141,592,094 ordinary shares as the denominator for the calculation to determine if they are required to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
The notifications provided in the announcement are in accordance with the requirements of the EU Market Abuse Regulation. For further information, shareholders can contact the company or its nominated advisers and joint brokers.