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EPWIN GROUP PLC Remuneration Information 2024
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Remuneration Information
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National Storage Mechanism | Additional information 
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 Jon Bednall, Chief Executive Chris Empson, Group Finance Director |
078 3462 3818 |
| Shore Capital (Nominated Adviser and Joint Broker) Corporate Advisory Daniel Bush / Harry Davies-Ball Corporate Broking Fiona Conroy Zeus Capital Limited (Joint Broker) Dominic King / Nick Searle |
0207 408 4090 0203 829 5000 |
| MHP Communications Reg Hoare / Finn Taylor |
078 3462 3818 [email protected] |
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
Identification code
Ordinary shares of 0.05p each
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
- 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
Identification code
Ordinary shares of 0.05p each
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
- 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
Identification code
Ordinary shares of 0.05p each
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
- 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
Identification code
Ordinary shares of 0.05p each
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
- 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/
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