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Award of shares under the Share Incentive Plan

18th Sep 2014 11:10

RNS Number : 0219S
Sweett Group PLC
18 September 2014
 



18 September 2014

Sweett Group plc (the "Company")

 

Award of shares under the Share Incentive Plan

 

Sweett Group (AIM: CSG.L), the global provider of professional services for the construction and management of building and infrastructure projects, announces that it received notification on 17 September 2014 that, following payroll contributions made on 29 August 2014, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP'), awarded 18,778 ordinary shares of 10 pence each in the Company ("Ordinary Shares") to participants in the SIP at a price of 40.0 pence per share.

 

Following the appropriation, Cyril Sweett Trustee Company Limited holds 8,168,077 Ordinary shares, representing 11.89% of the issued share capital of the Company.

 

Under the SIP, the following director of the Company purchased Ordinary Shares:

 

Mr D L Webster

Chief Executive Officer

312 Ordinary Shares

 

Therefore the following Director's beneficial holding in the Company has changed following this appropriation:

 

Following the appropriation

Name

Number of shares

%

Mr D L Webster

1,105,963

1.61

 

At the date of this announcement, the Company's issued share capital consists of 68,681,091 Ordinary Shares with voting rights and the Company holds no Ordinary Shares in Treasury.

 

For further information, please call:

 

Sweett Group plc +44 (0)20 7061 9000

Patrick Sinclair, Chief Financial Officer

Philip Watt, Company Secretary

 

Westhouse Securities Limited +44 (0)20 7601 6100

Tom Griffiths

Camarco

Billy Clegg +44 (0)20 3757 4980

Georgia Mann

Notes to Editors

Sweett Group is a global provider of professional services for the construction and management of building and infrastructure projects. We have an integrated network of 58 offices in 18 countries across five continents offering cost consulting and project management. Our services support clients through every stage of the project life cycle based upon our international expertise and local knowledge. Our strength is our people's world-class talent and expertise through which, we have time and again delivered exceptional results. The strategy builds on these key strengths.

A modern, progressive company, Sweett Group sets itself apart through people, culture and aptitude to change. By collaborative practices and innovative thinking - supported at all levels - our clients receive an offering that is constantly evolving and improving in response to project needs.

 

www.sweettgroup.com

 

ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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