30th Mar 2015 07:00
RTC Group Plc
(or the "Company" or "the Group")
Director Share Dealing and Company Purchase of Shares
RTC Group Plc was notified today that, Andy Pendlebury, Chief Executive Officer, had exercised options over 675,581 ordinary 1p shares in the Company for consideration of 9p per share. Following exercise the share capital of the Company increased to 14,338,707 1p ordinary shares.
The Company has subsequently acquired these shares at 70p per share, being the average market price on the three days preceding the transaction and has taken them into treasury pending their transfer into an Employee Benefit Trust which is currently being set up for the purpose of granting options to key employees both currently employed and in the future. Following the purchase, the Company now holds 675,581 shares in treasury.
The Company has purchased and is holding the shares in treasury to enable it to implement its long term strategic reward programme to incentivise key employees as the Group enters the next phase of its exciting growth plan.
Andy, who has been the Group's Chief Executive Officer for over seven years and has invested significantly in the Company, is still a substantial shareholder in the Company, holding 1,351,163 shares, representing 9.42% of the Company's enlarged issued share capital. Furthermore, Andy intends to maintain this holding for the long term as he remains committed to delivering the huge potential which the Board believes lies ahead for the Group and its shareholders.
ENDS
Enquiries:
RTC Group plc Bill Douie, Executive Chairman Andy Pendlebury, CEO Sarah Dye, Group Finance Director |
Tel: 01332 861 844 Tel: 07766 505 402 |
WH Ireland (Nominated Adviser and Broker) Andrew Kitchingman / Liam Gribben
| Tel: 0113 394 6600 |
About RTC
RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.
ATA Recruitment is one of the UK's leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.
Ganymede Solutions is focussed on the supply and operation of blue collar contingent labour into safety critical markets.
Global Staffing Solutions predominantly provides managed service solutions for international clients.
www.rtcgroupplc.co.uk
Related Shares:
Rtc Grp.