30th Jul 2009 11:19
30 July 2009
Cyril Sweett Group plc (the "Company")
The following amendments have been made to the 'Award of shares under the Share Incentive Plan' announcement released on 16 July 2009 at 4.50pm under RNS No 8267V.
Mr C R J Goscomb shareholding was stated as 84,442 Ordinary Shares prior to the quarterly appropriation and 92,842 Ordinary Shares following the appropriation. This should have been 87,442 Ordinary Shares prior to the quarterly appropriation and 95,842 Ordinary Shares following the appropriation.
The percentage beneficial holding of each director was calculated using the total issued share capital including shares in treasury of 57,582,328 Ordinary Shares. The Company's issued share capital with voting rights of 55,887,592 Ordinary Shares should have been used.
All other details remain unchanged.
The full amended text is shown below.
Award of shares under the Share Incentive Plan
The Company announces that it has received notification today that following the end of the quarterly accumulation period ended 30 June 2009, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP') awarded 595,762 Ordinary shares of 10 pence each in the Company ("Ordinary Shares") to participants in the plan on 1 July 2009.
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 the 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 quarterly appropriation Cyril Sweett Trustee Company Limited holds 9,963,060 Ordinary Shares.
Directors in the Company who are beneficiaries of the SIP and their respective beneficial holdings in the Company, before and after this quarterly appropriation, are as follows:
|
|
Prior to the quarterly appropriation
|
Following the quarterly appropriation
|
||
|
Name
|
Number of shares
|
%
|
Number of shares
|
%
|
|
Mr C R J Goscomb
|
87,442
|
0.16
|
95,842
|
0.17
|
|
Mr M J G Henderson
|
323,327
|
0.58
|
325,427
|
0.58
|
|
Mr F R Ives
|
2,801,291
|
5.01
|
2,803,391
|
5.02
|
|
Mr R S Mabey
|
273,652
|
0.49
|
275,752
|
0.49
|
|
Mr D R Pitcher
|
1,522,193
|
2.72
|
1,524,293
|
2.73
|
|
Mr D L Webster
|
944,107
|
1.69
|
946,207
|
1.69
|
|
Total
|
5,952,012
|
10.65
|
5,970,912
|
10.68
|
At the date of this announcement, the Company's issued share capital consists of 55,887,592 Ordinary shares with voting rights and the Company holds 1,694,736 Ordinary Shares in Treasury.
For further information, call:
Cyril Sweett Group plc 0207 061 9053Francesca Wilson, Company Secretary
Brewin Dolphin Investment Banking 0845 270 8610Andrew KitchingmanSean Wyndham-Quin
ENDS
Related Shares:
CSG.L