12th Feb 2008 09:27
Cyril Sweett Group PLC12 February 2008 Cyril Sweett Group plc (the "Company") 12 February 2008 Award of shares under the Share Incentive Plan Cyril Sweett Group plc (the "Company") announces today that it received notification that during the quarterly accumulation period ended 31 December 2007, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP') transferred 171,522 of the Company's ordinary shares of 10 pence each ("Ordinary Shares") to participants leaving the plan. The SIP is a discretionary trust for the benefit of employees of the Company and participating subsidiaries, which holds Ordinary Shares acquired and/or awarded under the partnership, matching, free and dividend shares sections of plan. During a quarterly accumulation period, eligible participating employees contribute funds to purchase partnership shares which are matched on a two for five basis. Dividends in respect of shares held by the SIP are re-invested to purchase dividend shares. Following the end of the quarterly accumulation period ended 31 December 2007, 124,192 Ordinary Shares were awarded to participants in the plan on 7 January 2008, following which Cyril Sweett Trustee Company Limited holds 9,732,370 Ordinary Shares. Directors in the Company who are beneficiaries of the SIP and their respective beneficial ownership of shares in the Company, before and after this quarterly appropriation are as follows: Prior to the quarterly Following the quarterly appropriation appropriation Name Number of % Number of % shares shares Mr M J G Henderson 209,569 0.38 210,350 0.38Mr F R Ives 2,658,924 4.81 2,659,534 4.81Mr M Kemsley 1,011,608 1.83 1,012,218 1.83Mr R S Mabey 209,049 0.38 209,872 0.38Mr D R Pitcher 1,434,420 2.59 1,435,030 2.59Mr D L Webster 851,248 1.54 851,858 1.54Total 6,374,818 11.52 6,378,862 11.53 As at the date of this announcement, the Company's issued share capital consists of 55,335,867 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury. For further information, call: Cyril Sweett Group plc 0207 061 9386James Murray, Company Secretary Brewin Dolphin Investment Banking 0845 270 8610Andrew KitchingmanSean Wyndham-Quin ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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