8th Jun 2010 07:00
Vectura Group plc ("The Company")
BLOCK LISTING APPLICATION
Chippenham, UK, 8 June 2010:Vectura Group plc (LSE: VEC) today announces that application has been made to the UK Listing Authority and the London Stock Exchange for a block listing of 1,500,000 ordinary shares of 0.025 pence each.
The application is in respect of shares to be issued in connection with the Vectura Group plc Share Incentive Plan and is in addition to the remaining shares approved but un-issued under existing block applications.
Additionally, under the Vectura Group plc Share Incentive Plan (an HMRC approved all-employee share purchase plan adopted by the Company's shareholders on 27 September 2006) (the "Plan"), Dr Christopher Blackwell and Anne Hyland, Executive Directors of the Company, as trustees of the Plan, become the non-beneficial holders of 1,500,000 Ordinary Shares of the Company, to be distributed to the employees of the Company under the Plan.
The Executive Directors of the Company have the following interests as a result of their personal participation in the Plan:
|
|
Free Shares awarded on 7 June 2010 at 38p per share |
Total number of Free Shares and Matching Shares held in the Plan on 7 June 2010 |
|
Dr Christopher Blackwell |
7,895 |
26,347 |
|
Anne Hyland |
7,895 |
26,647 |
The beneficial ownership of the 7,895 Free Shares awarded under the Plan will pass to the Executive Directors on 7 June 2013, subject to their continued employment.
Enquiries:
|
Vectura Group plc Anne Hyland Chief Financial Officer and Company Secretary |
Tel: 01249 667612 |
Related Shares:
VEC.L