Employee SAYE awards and director share dealing
Employee SAYE scheme options granted to 780,078 shares at 141.0p per share; CFO received 13,156 options.
- SAYE options granted in aggregate 780,078 shares
- SAYE option exercise price 141.0p per share
- SAYE options granted to James Eyre (CFO) 13,156 options
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Norcros announces that the Company has today been notified of the following share option grant to a Director of the Company under the Group's Save as You Earn ("SAYE") scheme. The SAYE scheme is approved in the UK by HM Revenue and Customs and has an unapproved section for certain non-UK employees.
Pursuant to the SAYE scheme, certain employees have chosen to participate resulting in them today being granted options to subscribe for up to 780,078 in aggregate ordinary shares of ten pence each in the capital of the Company ("SAYE Options") at a price of 141.0p per share.
Pursuant to these all-employee SAYE scheme awards, James Eyre, the Chief Financial Officer, has received 13,156 SAYE Options.
Subject to certain conditions being satisfied, the entitlement to subscribe for shares resulting from the SAYE Options will arise in 2027 at the end of the three-year SAYE scheme savings contract period. Participants who choose to exercise their entitlements pursuant to the rules of the SAYE scheme will meet the obligation to pay for the resultant shares out of funds they have paid into the SAYE scheme prior to such exercise. Participants in the SAYE scheme may opt to withdraw from the SAYE scheme, recovering paid-in funds, prior to that time.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.