Epwin Group Plc, a leading manufacturer of energy efficient and low maintenance building products, has announced that it has made an application to AIM for a block listing of 1,800,000 new ordinary shares of 0.05p each in the company. These shares will be available to satisfy the future exercises of options over ordinary shares under the Epwin Group plc SAYE option scheme. The shares, when issued, will rank pari passu in all respects with the existing ordinary shares and admission is expected to occur on 29 December 2023.
Epwin Group Plc is a UK-based company that operates in the Repair, Maintenance and Improvement (RMI), new build, and social housing sectors. The company is the leading manufacturer of energy efficient and low maintenance building products and holds significant market shares in its industry. The company's products are designed to be environmentally friendly and require minimal upkeep, making them attractive to customers in the construction and housing sectors.
The block listing of new ordinary shares is being made to accommodate the future exercises of options under the Epwin Group plc SAYE option scheme. This scheme allows employees to purchase shares in the company at a predetermined price, providing them with an opportunity to benefit from the company's growth and success. The new shares will have the same rights and privileges as the existing ordinary shares.
Overall, this block listing application reflects Epwin Group's commitment to providing opportunities for its employees to participate in the company's success. By making additional shares available for future exercises of options, the company is ensuring that its employees have the potential to benefit from the growth of the business.