Share Incentive Plan
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The SIP Trustees (Cytec Trustees Limited) acquired a total of 18,164 shares (the "Partnership Shares") on 9th January 2025 at a price of £0.42 per Ordinary Share and a total aggregate cost of £7,583.47. The Partnership Shares were acquired through market purchases and have been allocated to those Company employees participating in its Share Incentive Plan (SIP) scheme.
The SIP scheme 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 9th January 2025, the SIP Trustees allocated a total of 18,164 matching shares (the "Matching Shares") under the SIP. 18,164 Matching Shares have been transferred from the Company's Employee Benefit Trust (EBT).
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