Share Incentive Plan
November 13 2009 - 12:05PM
UK Regulatory
TIDMBCT
RNS Number : 5244C
Business Control Solutions Grp PLC
13 November 2009
BUSINESS CONTROL SOLUTIONS GROUP PLC ('the Company')
13th November 2009
The Business Control Solutions Group plc Share Incentive Plan ("SIP")
The Company announces that it was notified on 13 November 2009 of the purchase,
on 11 November 2009, of 25,715 ordinary shares of 1p each in the Company
("Shares") by Capita IRG Trustees Limited ("the Trustee"), at a price of 1.4
pence per Share, for the purpose of satisfying the purchase of Shares
("Partnership 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 3,258,581 Shares, representing
approximately 1 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 186,454 - approximately 0.07% of the Company's issued
share capital
Nigel Walder 12,500 - approximately 0.004% 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 his
behalf.
END
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