Share Incentive Plan
March 09 2009 - 5:16AM
UK Regulatory
TIDMBCT
RNS Number : 5286O
Business Control Solutions Grp PLC
09 March 2009
BUSINESS CONTROL SOLUTIONS GROUP PLC ('the Company')
9th March 2009
The Business Control Solutions Group plc Share Incentive Plan ("SIP")
The Company announces that it was notified on 6th March 2009 of the purchase,
on 5th March 2009, of 725,000 ordinary shares of 1p each in the Company
("Shares") by Capita IRG Trustees Limited ("the Trustee"), at a price of 2 pence
per Share, for the purpose of satisfying the purchase of Shares ("Free Shares")
by eligible employees (including executive directors) under the SIP. The SIP has
been approved by the Inland Revenue as a share incentive plan under Schedule 8
to the Finance Act 2000.
Following this transaction the Trustee holds 2,501,629 Shares, representing
approximately 0.9 per cent of the Company's issued share capital, all of which
are held on behalf of eligible employees pursuant to the terms of the SIP.
The total number of Shares held under the SIP on behalf of directors is:
Roger Shepherd 109,282 - approximately 0.04% of the Company's issued
share capital; and
Nigel Walder 12,500 - approximately 0.005% of the Company's issued share
capital.
The beneficial ownership of the Shares awarded to the above directors under the
SIP will pass to the directors three years from the date of purchase subject to
continued employment and the retention of the underlying shares purchased on
their behalf.
END
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