Share Incentive Plan
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The SIP Trustees (Cytec Trustees Limited) acquired a total of 17,768 shares (the "Partnership Shares") on 8th August 2024 at a price of £0.49 per Ordinary Share and a total aggregate cost of £8,706.32. The Partnership Shares were acquired through market purchases and have been allocated to those Company employees participating in its Share Incentive Plan (SIP) scheme.
As set out at the time of the announcement of TPXimpact's interim results on 30 November 2020, this SIP Plan is designed to reward and incentivise employees of the Company through tax-efficient salary sacrifice and a free matching award of Ordinary Shares on a one-for-one basis. Accordingly, on 8th August 2024, the SIP Trustees allocated a total of 17,768 matching shares (the "Matching Shares") under the SIP. The Matching Shares have been transferred from the Company's Employee Benefit Trust (EBT). Following this transfer of shares, the EBT holds a total of 758,497 Ordinary Shares representing 0.82% of TPX's issued share capital.
TPXimpact Holdings PLC's (AIM: TPX) total issued share capital consists of 92,159,555 ordinary shares of 1 penny each.
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