Purchase of Shares via Employee Benefit Trust
Eurocell plc has recommended that its Employee Benefit Trust purchase 100,000 ordinary shares in the market, which will be held unallocated for employee share schemes. Following this transaction, the Trust's total holding will be 390,059 ordinary shares, representing 0.39% of the company's issued share capital.
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Eurocell plc, the leading UK manufacturer and distributor of door and window products to the trade, today announces it has recommended Equiniti Trust (Jersey) Limited (the "Trustee"), in its capacity as trustee of the Eurocell Employee Benefit Trust (the "Trust"), purchases 100,000 ordinary shares (the "Shares") of the Company in the market.
The Shares will be held in the EBT, which is a discretionary trust for the benefit of the Group's employees. The Shares will be held on an unallocated basis for use in satisfying both current and future awards under the Company's various share schemes from time to time.
Following this purchase, the EBT will hold a total of 390,059 ordinary shares, equating to 0.39% of the Company's issued share capital.
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