Gateley (Holdings) PLC Company Share Option Plan - Issue of Equity (5559R)
08 November 2021 - 6:00PM
UK Regulatory
TIDMGTLY
RNS Number : 5559R
Gateley (Holdings) PLC
08 November 2021
8 November 2021
GATELEY (HOLDINGS) PLC
("Gateley", the "Company" or the "Group")
Company Share Option Plan Issue of Equity
72% of current staff are now existing share or option holders in
the Group
Gateley (AIM: GTLY), the legal and professional services group,
announces that 447,494 ordinary shares of 10p each in Gateley
("Ordinary Shares") have been issued, pursuant to the Group's
Company Share Option Plan ("CSOP") scheme introduced in 2018 and as
a result of vesting conditions being satisfied. In addition, the
Company has allotted 168,044 Ordinary Shares under its existing
block listing for the 2018 SAYE Scheme (the "SAYE Allotment").
The Board remains committed to maintaining Group-wide share
ownership as a means of incentivisation which also creates strong
alignment with external shareholders. This is reflective of the
Group's long-established culture, which remains central to its
success and aligns with Gateley's recently published Responsible Bu
siness Report which outlines commitments to the achievement of
Levelling-up goals for employees. The report can be accessed via
this link.
Further, the Board believes that the opportunity for share
ownership is a valuable differentiator for Gateley as an
alternative to traditional professional services ownership and
incentivisation models.
Since flotation, the Group has established a number of
share-based schemes including SAYE, CSOP and LTIP that variously
offer all staff the ability to participate in early ownership of
Gateley and share in the rewards of that ownership as they
contribute to the success of the Group. 72% of current staff are
now existing share or option holders in the Group.
Full details of the Group's share-based incentive schemes are
set out in the Annual Report, which can be found
on the Group's website and accessed via this link.
Total Voting Rights
Application has been made for 447,494 new Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur at 8.00 a.m. on 9 November 2021. Following Admission and the
SAYE Allotment, the Company will have a total of 119,153,923
Ordinary Shares in issue with one voting right per share.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
Gateley (Holdings) Plc
Neil Smith, Finance Director Tel: +44 (0) 121
234 0196
Nick Smith, Acquisitions Director and Head Tel: +44 (0) 20 7653
of Investor Relations 1665
Cara Zachariou, Head of Corporate Communications Tel: +44 (0) 121
234 0074
Mob: +44 (0) 7703
684 946
Liberum - Nominated adviser and Broker
Richard Lindley / Ben Cryer / Cara Murphy Tel: +44 (0) 20 3100
2000
Belvedere Communications Limited - Financial
PR
Cat Valentine (cvalentine@belvederepr.com) Mob: +44 (0) 7715
769 078
Keeley Clarke (kclarke@belvederepr.com) Mob: +44 (0) 7967
816 525
Llew Angus (langus@belvederepr.com) Mob: +44 (0) 7407
023 147
gateleypr@belvederepr.com
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END
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