EPWIN GROUP PLC — Share Issue/Capital Change 2020

Dec 16, 2020

National Storage Mechanism | Additional information

RNS Number : 7718I

Epwin Group PLC

16 December 2020

16 December 2020

Epwin Group Plc

LTIP Award - Issue of Shares

Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement ("RMI"), new build and social housing sectors, announces that the Company has issued in aggregate 1,594,108 new ordinary shares of 0.05p each ("New Ordinary Shares") to Jonathan Bednall, Christopher Empson and Shaun Hanrahan, who are Persons Discharging Managerial Responsibilities ("PDMRs"), as well as certain other senior management pursuant to the Long Term Incentive Plan  ("LTIP") established in 2017, in respect of performance in the three financial years ending 31 December 2019.  The details of the LTIP are set out in the Company annual report to 31 December 2017.

Vesting of the LTIP was due on the finalisation of results for the year ended 31 December 2019, however the Remuneration Committee, in consultation with management, agreed to defer the award as part of a range of actions taken by the Board to manage the initial impact of COVID-19 on the Group's cashflows.  Full details of the grants to the executive directors are set out in disclosure tables below.  The awards will be settled net of taxation in equity, with taxation liabilities paid from Group cash facilities. The New Ordinary Shares are subject to a minimum retention period of six months from the date of receipt.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM, and admission is expected to take place on 23 December 2020 ("Admission"). Following Admission, the Company's issued share capital will consist of 144,547,210 ordinary shares. There are no ordinary shares held in treasury. Therefore, following Admission, this figure of 144,547,210 should be used by shareholders as the denominator for the calculation by which they 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.

Contact information

Epwin Group Plc Jon Bednall, Chief Executive Chris Empson, Group Finance Director	0203 128 8572
Shore Capital (Nominated Adviser and Joint Broker) Corporate Advisory Edward Mansfield / Daniel Bush / Hugo Masefield Corporate Broking Fiona Conroy Zeus Capital Limited (Joint Broker) John Goold / Dominic King	0207 408 4090 0203 829 5000
MHP Communications Reg Hoare / Charlie Barker / Florence Mayo	0203 128 8572 epwin@mhpc.com

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

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

Issue of New Ordinary Shares pursuant to an LTIP scheme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
89.1 pence	294,701

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

16 December 2020

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

Issue of New Ordinary Shares pursuant to an LTIP scheme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
89.1 pence	245,665

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

16 December 2020

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Shaun Hanrahan

2

Reason for the notification

a)

Position/status

Executive 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

Issue of New Ordinary Shares pursuant to an LTIP scheme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
89.1 pence	280,879

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

16 December 2020

f)

Place of the transaction

Outside a trading venue

About Epwin

Epwin is the leading manufacturer of low maintenance building products, 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOETABPTMTBBBMM