re: Share Incentive Plan
17 Juli 2009 - 1:14PM
UK Regulatory
TIDMBCT
RNS Number : 8720V
Business Control Solutions Grp PLC
17 July 2009
BUSINESS CONTROL SOLUTIONS GROUP PLC ('the Company')
17ly July 2009
The Business Control Solutions Group plc Share Incentive Plan ("SIP")
The Company announces that it was notified on 17 July 2009 of the purchase,
on 13 July 2009, of 102,970 ordinary shares of 1p each in the Company ("Shares")
by Capita IRG Trustees Limited ("the Trustee"), at a price of 1.35 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 2,938,402 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 148,428 - approximately 0.05% 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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