SpaceandPeople PLC Establishment of Employee Benefit Trust (6903U)
03 8월 2022 - 3:00PM
UK Regulatory
TIDMSAL
RNS Number : 6903U
SpaceandPeople PLC
03 August 2022
SpaceandPeople plc
("SpaceandPeople" or the "Company")
Establishment of Employee Benefit Trust
SpaceandPeople, (AIM:SAL) the retail, promotional and brand
experience specialist, announces that it has established an
Employee Benefit Trust, called the SpaceandPeople plc Employee
Benefit Trust (the "EBT"). The EBT will be for the benefit of
current and future employees.
The EBT will act independently of the Company, by JTC Employer
Solutions Trustee Limited, and is expected to make market purchases
of the ordinary shares of the Company ("Ordinary Shares") in order
to, among other things, satisfy current and potential future option
exercises of vested options granted pursuant to the Company's share
option agreements (the "Market Purchases").
The EBT will be funded by way of a loan from the Company and the
Board believes that the formation of the EBT will help the Company
in attracting new talent and incentivising existing members of the
management team. The maximum amount of the loan to be made
available to the EBT at any time shall be capped at GBP200,000
unless varied by agreement between the Company and the trustees of
the EBT.
Enquiries
SpaceandPeople plc
Nancy Cullen, Gregor Dunlay 0845 241 8215
Zeus (Nominated Adviser and Broker)
David Foreman, Jamie Peel 020 3829 5000
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August 03, 2022 02:00 ET (06:00 GMT)
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