EBT Share Purchase
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your PHAR notes
The Company was notified on 13 December 2024 that, on 12 and 13 December 2024, the SOCO Employee Benefit Trust ("EBT") purchased a total of 3,000,000 ordinary shares of £0.05 each in the capital of the Company ("Ordinary Shares at an average price of £0.226865.
The Ordinary Shares were purchased by CSC Employee Benefit Trustee (Jersey) Limited as trustee of the EBT. Following the purchases, the EBT holds 3,784,406 Ordinary Shares, representing 0.71% of the issued share capital and 0.72% of the total voting rights of the Company.
The EBT is a discretionary trust for the benefit of the Group's employees, including the Executive Directors of the Company. The Shares held by the EBT are intended to be used to satisfy current and future share awards made under the Company's employee incentive and share option award plans. Whilst none of the Ordinary Shares held by the EBT have been unconditionally allocated to any specific award(s), each Executive Director of the Company is a potential beneficiary and for that reason is technically deemed to have an interest in all of the Ordinary Shares held by the EBT.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.