W.H. Ireland Group PLC Employee Share Option Trust Purchase Plan (8886Y)
18 May 2021 - 04:00PM
UK Regulatory
TIDMWHI
RNS Number : 8886Y
W.H. Ireland Group PLC
18 May 2021
WH Ireland Group Plc
("WH Ireland" or the "Company")
Employee Share Option Trust Purchase Plan
The Company confirms today that its Employee Share Option Trust
("ESOT" or the "Trust") the trustee of which is Sanne Fiduciary
Services Limited, has entered into a trading plan ("the ESOT
Purchase Plan") to acquire ordinary shares of 5p each in the
capital of the Company ("Ordinary Shares").
It is the Company and the ESOT's intention that any Ordinary
Shares acquired by the ESOT will be used to satisfy the awards of
share options granted to employees of the Company (or for such
other purposes as may be required of the Trust from time to
time).
Purchases under the ESOT Purchase Plan will be limited to 50,000
Ordinary Shares per month (to a maximum value of GBP40,000 per
month) and the maximum price paid for such Ordinary Shares shall be
an amount equal to the higher of: (i) 5% above the average of the
middle market quotations for such Ordinary Shares for the preceding
five business days immediately preceding the day on which the
purchase is made; (ii) the price of the last independent trade of
Ordinary Shares on the venue where the purchase is carried out; and
(iii) the highest current independent bid for an Ordinary Share as
derived from the trading venue where the purchase is carried
out.
The ESOT Purchase Plan will, unless terminated by the Trustee at
an earlier date, expire on 1 May 2023. It will also terminate
(unless renewed) if the maximum of GBP40k is spent in three
consecutive months.
Sanne Fiduciary Services Limited, as Trustee of the ESOT, has
absolute discretion and independence in respect of all trading
decisions it may make in respect of the purchase of Shares pursuant
to the ESOT Purchase Plan.
Further updates will be made as and when any trades are
undertaken by the ESOT.
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Phillip Wale, Chief Executive
Officer +44(0) 20 7220 1666
Canaccord Genuity Limited www.canaccordgenuity.com
Emma Gabriel / Tom Diehl +44(0) 20 3368 3555
MHP Communications whireland@mhpc.com
Reg Hoare / James Bavister +44 (0) 20 3128 8793
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