Director/PDMR Shareholding
19/06/2024 15:43
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RNS Number : 1073T Epwin Group PLC 19 June 2024
19 June 2024
Epwin Group Plc
Exercises of LTIP Awards - Issue of Shares and Director/PDMR Shareholding
Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the leading manufacturer
of energy efficient and low maintenance building products, with significant
market shares, supplying the Repair, Maintenance and Improvement ("RMI"), new
build and social housing sectors announces that, pursuant to the Long Term
Incentive Plan ("LTIP") established in 2021, on 18 June 2024 Jonathan Bednall
and Christopher Empson, who are Persons Discharging Managerial
Responsibilities ("PDMRs"), as well as certain other members of the senior
management team, exercised their options that vested under the LTIP on 25 May
2024 to acquire 189,271 ordinary shares of 0.05 pence each in the Company
("Ordinary Shares").
The details of the LTIP are set out in the Company annual report to 31
December 2023. Full details of the exercises by PDMRs are set out in
disclosure tables below. As provided in the terms of the LTIP, the awards
will be settled net of taxation in equity, with taxation liabilities paid by
the Group.
Application has been made for the New Ordinary Shares to be admitted to
trading on AIM, and admission is expected to take place on 24th June 2024
("Admission"). Following Admission, and excluding the effect of any shares
purchased in the meantime pursuant to Epwin's share repurchase programme, the
Company's issued voting ordinary share capital will consist of 141,592,094
Ordinary Shares. This figure should be used by shareholders as the denominator
for the calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
On 18 June 2024 Jonathan Bednall, Chief Executive Officer, and his wife
Justine Bednall transferred by way of a gift 120,000 Ordinary Shares in
aggregate to their adult children. Following this transfer, Jonathan Bednall
and his closely associated persons are beneficially interested in 426,183
Ordinary Shares.
Contact information
Epwin Group Plc 078 3462 3818
Jon Bednall, Chief Executive
Chris Empson, Group Finance Director
Shore Capital (Nominated Adviser and Joint Broker) 0207 408 4090
Corporate Advisory
Daniel Bush / Harry Davies-Ball
Corporate Broking
Fiona Conroy
Zeus Capital Limited (Joint Broker) 0203 829 5000
Dominic King / Nick Searle
MHP Communications 078 3462 3818
Reg Hoare / Finn Taylor epwin@mhpgroup.com (mailto:epwin@mhpgroup.com)
The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jonathan Bednall
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Epwin Group Plc
b) LEI 213800LKMG4PDH2F8I85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.05p each
Identification code GB00BNGY4Y86
b) Nature of the transaction Exercise of options and issue of new Ordinary Shares pursuant to an LTIP
scheme
c) Price(s) and volume(s)
Price(s) Volume(s)
91.0 pence 72,982
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 18 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
18 June 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Christopher Empson
2 Reason for the notification
a) Position/status Group Finance Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Epwin Group Plc
b) LEI 213800LKMG4PDH2F8I85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.05p each
Identification code GB00BNGY4Y86
b) Nature of the transaction Exercise of options and issue of new Ordinary Shares pursuant to an LTIP
scheme
c) Price(s) and volume(s)
Price(s) Volume(s)
91.0 pence 49,628
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 18 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
18 June 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jonathan Bednall
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Epwin Group Plc
b) LEI 213800HMK424E12BI432
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.05p each
Identification code GB00BNGY4Y86
b) Nature of the transaction Gift of 72,982 Ordinary Shares to adult children
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil consideration 72,982
d) Aggregated information
- Aggregated volume 72,982 Ordinary Shares
- Price Nil consideration
e) Date of the transaction 18 June 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
72,982 Ordinary Shares
Nil consideration
e)
Date of the transaction
18 June 2024
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Justine Bednall
2 Reason for the notification
a) Position/status Closely associated person of Jonathan Bednall, Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Epwin Group Plc
b) LEI 213800HMK424E12BI432
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.05p each
Identification code GB00BNGY4Y86
b) Nature of the transaction Gift of 47,018 Ordinary Shares to adult children
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil consideration 47,018
d) Aggregated information
- Aggregated volume 47,018 Ordinary Shares
- Price Nil consideration
e) Date of the transaction 18 June 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
47,018 Ordinary Shares
Nil consideration
e)
Date of the transaction
18 June 2024
f)
Place of the transaction
London Stock Exchange, AIM
About Epwin
Epwin is the leading manufacturer of energy efficient and low maintenance
building products, with significant market shares, supplying the Repair,
Maintenance and Improvement ("RMI"), new build and social housing sectors.
The Company is incorporated, domiciled and operates principally in the United
Kingdom.
Information for investors can be accessed www.epwin.co.uk/investors/
(https://url.avanan.click/v2/___http:/www.epwin.co.uk/investors/___.YXAxZTpzaG9yZWNhcDphOm86YWI3NGQ0YjhlZTRiYTEwYmY4OGMxNGI1ZTNkN2MxMDA6Njo2M2JiOjY0OWZhZTJlODhjYzk1Yjg3YjBkN2FkNGVhNWM4NjQwOTY1ZWQwYmE3MzFlNzZjYjIyMzc4OGEyMzA5YjUzNGE6cDpU)
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