17th Jun 2015 15:56
17 June 2015
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 June 2015 that, following payroll contributions made on 31 May 2015, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP'), awarded 62,855 ordinary shares of 10 pence each in the Company ("Ordinary Shares") to participants in the SIP at a price of 24.75 pence per share.
Following the appropriation, Cyril Sweett Trustee Company Limited holds 8,172,435 Ordinary shares, representing 11.9% of the issued share capital of the Company.
Under the SIP, the following directors of the Company purchased Ordinary Shares:
Mr D Pitcher | Director | 7,272 Ordinary Shares |
Mr P Sinclair | Chief Financial Officer | 7,273 Ordinary Shares |
Therefore the following Directors' beneficial holding in the Company has changed following this appropriation:
| Prior to the appropriation | Following the appropriation | ||
Name | Number of Ordinary Shares | % | Number of Ordinary Shares | % |
Mr D Pitcher | 2,058,680 | 3.00 | 2,065,952 | 3.00 |
Mr P Sinclair | 72,943 | 0.11 | 80,216 | 0.12 |
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 |
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ENDS
Related Shares:
CSG.L