Shearwater Group PLC Grant of Options under SAYE Scheme (8311M)
January 26 2021 - 2:00AM
UK Regulatory
TIDMSWG
RNS Number : 8311M
Shearwater Group PLC
26 January 2021
26 January 2021
SHEARWATER GROUP PLC
("Shearwater", or the "Group")
Grant of Options under SAYE Scheme
Shearwater Group plc, the organisational resilience group, is
pleased to announce that, as part of the Company's approved Save As
You Earn ("SAYE") scheme (the "Scheme"), options to subscribe for
ordinary shares in the Company ("Ordinary Shares") were granted on
25 January 2021.
Under the Scheme, which was made available to all UK employees
who have completed a minimum of six months service (excluding
Directors), a total of 30 employees of the Company have applied to
participate in the Scheme resulting in the grant of options to
subscribe for an aggregate of 150,285 Ordinary Shares in the
Company (the "Options").
The Options have an exercise price, calculated in accordance
with the rules of the Scheme, of GBP1.515 per new Ordinary Share
(representing the closing price per Ordinary share on 31 December
2020). Subject to the rules of the Scheme participants will be able
to exercise their Options during the six months commencing on 1
March 2024.
Enquiries:
Shearwater Group plc www.shearwatergroup.com
David Williams c/o Alma PR
Phil Higgins
Cenkos Securities plc - NOMAD and
Joint Broker
Max Hartley / Ben Jeynes - NOMAD
Julian Morse / Michael Johnson -
Sales +44 (0) 20 7397 8900
Berenberg - Joint Broker
Matthew Armitt / Mark Whitmore +44 (0) 20 3207 7800
Alma PR shearwater@almapr.co.uk
Susie Hudson / Caroline Forde / +44 (0) 20 3405 0205
Harriet Jackson
About Shearwater Group plc
Shearwater Group plc is an award-winning organisational
resilience group that provides cybersecurity, advisory and managed
security services to help assure and secure businesses in a
connected global economy.
The Group's comprehensive cybersecurity solutions and services
maintain trust between users, assure the protection of information
assets and critical infrastructure, and support organisations'
operational effectiveness. Its capabilities include identity and
access management and data security, cybersecurity solutions and
managed security services, and security governance, risk and
compliance.
The Group is headquartered in the UK with offices in the US, UK
and Europe, serving customers across the globe who are active in a
broad spectrum of industries.
Shearwater shares are listed on the London Stock Exchange's AIM
under the ticker "SWG". For more information, please visit
www.shearwatergroup.com.
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END
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