Share Incentive Plan
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The SIP Trustees (Cytec Trustees Limited) acquired a total of 27,869 shares (the "Partnership Shares") on 10th February 2025 at a price of £0.27 per Ordinary Share and a total aggregate cost of £7,524.63. 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 10th February 2025, the SIP Trustees allocated a total of 27,869 matching shares (the "Matching Shares") under the SIP. 27,869 Matching Shares have been transferred from the Company's Employee Benefit Trust (EBT).
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