RNS Number : 2657A

Goodwin PLC

01 June 2021

1(st) June 2021

GOODWIN PLC ("the Company")


The Company announces that on the 28(th) May 2021 the final exercise occurred of the share options which were granted under the Goodwin PLC Equity Long Term Incentive Plan ("LTIP") and voted on at the Annual General Meeting on the 5(th) October 2016 , following the achievement of the performance criteria as outlined on page 28 of the Company's Directors Report and Accounts 2019. One third of the vested options are being exercised, in aggregate, over 163,200 ordinary shares in the Company ("Shares"), at an exercise price is GBP0.10 pence per share, being the nominal value.

Details of the number of Shares, each paid up in full, received by the Executive Directors are set out below:

 Shareholder    Previous   Number of           Resultant        %** 
                 Holding    shares exercised    Share-Holding 
 J. Connolly      18,322              20,400           38,722   0.20 
               ---------  ------------------  ---------------  ----- 

The following Executive Directors, Mr. M. S. Goodwin, Mr. S. R. Goodwin, Mr. B. R. E. Goodwin and Mr. T. J. W. Goodwin are acting in concert with former Executive Directors Mr. J. W. Goodwin and Mr R. S. Goodwin (and deemed to be so).

The total beneficial and non-beneficial holdings of the concert party following these transactions are as detailed below:

 Shareholder       Previous    Number of           Resultant        %** 
                    Holding     shares exercised    Share-Holding 
 R S Goodwin                                                                Beneficial 
  ("RSG")             22,756              20,400           43,156    0.56    (RSG) 
                  ----------  ------------------  ---------------  ------  ----------------- 
 J W Goodwin                                                                Beneficial 
  ("JWG")             61,386              20,400           81,786    1.06    (JWG) 
                  ----------  ------------------  ---------------  ------  ----------------- 
 J M Securities                                                              (JWG & RSG) 
  Ltd              2,129,153                            2,129,153   27.69    unchanged 
                  ----------  ------------------  ---------------  ------  ----------------- 
 J M Securities                                                              (JWG & RSG) 
  (No. 3) Ltd      1,424,210                            1,424,210   18.52    unchanged 
                  ----------  ------------------  ---------------  ------  ----------------- 
 J W Goodwin 
  Children's                                                                Non-beneficial 
  Trust               14,166                               14,166    0.18    (JWG) unchanged 
                  ----------  ------------------  ---------------  ------  ----------------- 
 M S Goodwin                                                                Beneficial 
  ("MSG)              67,072              20,400           87,472    1.14    (MSG) 
                  ----------  ------------------  ---------------  ------  ----------------- 
 S R Goodwin                                                                Beneficial 
  ("SRG")             76,785              20,400           97,185    1.26    (SRG) 
                  ----------  ------------------  ---------------  ------  ----------------- 
 B R E Goodwin                                                              Beneficial 
  ("BREG")            55,239              20,400           75,639    0.98    (BREG) 
                  ----------  ------------------  ---------------  ------  ----------------- 
 T J W Goodwin                                                              Beneficial 
  ("TJWG")           120,141              20,400          140,541    1.83    (TJWG) 
                  ----------  ------------------  ---------------  ------  ----------------- 
 TOTAL             3,970,908             122,400        4,093,308   53.23 
                  ----------  ------------------  ---------------  ------  ----------------- 

**calculated based on 7,689,600 issued ordinary shares

Application has been made for the new 163,200 ordinary shares to be admitted to the Official List of the UK Listing Authority and trading on the London Stock Exchange's main market for listed securities and dealing is expected to commence on or around 4th June 2021 ("Admission"). The shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

Following Admission, the Company will have 7,689,600 ordinary shares in issue. The Company has no ordinary shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 7,689,600.

Following the above partial exercise of the 489,600 shares vested on the 30(th) April, 2019 all the share options have now been granted and exercised under the LTIP and there are no further LTIP schemes in place.

J. MARTIN, Secretary.


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June 01, 2021 02:00 ET (06:00 GMT)

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