CNKS Cenkos Securities Plc

TIDMCNKS

RNS Number : 7899M

Cenkos Securities PLC

22 January 2016

22 January 2016

Cenkos Securities plc

("Cenkos" or the "Company")

Award of shares under Share Incentive Plan and Directors' Dealings

Cenkos recently announced the terms of the 2015/16 allowance under the Company's HM Revenue and Customs approved SIP scheme (the "SIP"). All employees including the executive directors of the Company ("Qualifying Employees") may participate in the SIP.

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs under which Qualifying Employees are able to purchase ordinary shares in the Company ("Ordinary Shares") up to a value of GBP1,800 ("Partnership Shares") using a lump sum deduction from their salary. Qualifying Employees purchasing Partnership Shares will also be allocated matching Ordinary Shares on a two-for-one basis ("Matching Shares") up to a total value of GBP3,600 from the Company's Employee Benefit Trust. In addition, a further GBP3,600 in value of Ordinary Shares has been awarded to each Qualifying Employee under the SIP ("Free Shares") from the Company's Employee Benefit Trust.

As announced by the Company on 13 January 2016, Jim Durkin, Paul Hodges, Jeremy Warner Allen, Joe Nally, Mike Chilton and Nick Wells (together the "Executive Directors") each subscribed GBP1,800 to acquire Partnership Shares under the 2015/16 SIP allowance and would, therefore, be awarded GBP3,600 of Matching Shares and GBP3,600 of Free Shares.

Following the purchase of the Partnership Shares in the market in accordance with the terms and conditions of the SIP, the Executive Directors will now each be issued 1,276 Partnership Shares at a price of 141.0p each, 2,552 Matching Shares at an effective issue price of 141.0p each and 2,656 Free Shares at a price of 135.5p each under the SIP.

Accordingly, the Executive Directors' new shareholdings in the Company are set out in the table below:

 
 Directors                  Number of        Number of        Number of  Total Ordinary     % of Issued 
                          Partnership         Matching             Free          Shares        Ordinary 
                       Shares awarded   Shares awarded   Shares awarded            held   Share Capital 
Jim Durkin                      1,276            2,552            2,656       4,915,147           8.67% 
Paul Hodges                     1,276            2,552            2,656       5,031,254           8.87% 
Jeremy Warner Allen             1,276            2,552            2,656       1,381,263           2.44% 
Joe Nally                       1,276            2,552            2,656       1,065,913           1.88% 
Mike Chilton                    1,276            2,552            2,656          20,599           0.04% 
Nick Wells                      1,276            2,552            2,656       2,158,484           3.81% 
 
 
 Enquiries: 
 Jim Durkin 
  Chief Executive Officer 
  Cenkos Securities plc                   +44 20 7397 8900 
 Dr Azhic Basirov / David Jones / Ben 
  Jeynes 
  Nominated Adviser and Broker 
  Smith & Williamson Corporate Finance 
  Limited                                 +44 20 7131 4000 
 David Rydell / Duncan Mayall 
  Bell Pottinger                          +44 20 3772 2500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 22, 2016 12:11 ET (17:11 GMT)

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