LONDON - Epwin Group Plc (AIM:EPWN), a leading UK manufacturer of energy-efficient and low-maintenance building products, has announced the exercise of Long Term Incentive Plan (LTIP) awards, resulting in the issuance of 144,075 ordinary shares. The exercise occurred on Monday, as part of the company’s established LTIP, which was detailed in its annual report to December 31, 2024.
The LTIP awards will be settled net of taxation in equity, with the tax liabilities being covered by the Group. The new ordinary shares, each valued at 0.05 pence, are expected to be admitted to trading on the AIM market on May 23, 2025. After the admission of these shares, and excluding any potential impact from the company’s share repurchase program, Epwin’s issued voting ordinary share capital will consist of 135,857,470 Ordinary Shares.
Shareholders are advised to use this new figure as the denominator for calculations to determine if they need to notify changes in their interest in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Epwin Group primarily operates in the United Kingdom, supplying products to the Repair, Maintenance and Improvement (RMI), new build, and social housing sectors. The company is known for its significant market shares in the production of building products that promote energy efficiency and require minimal maintenance.
This update is based on a press release statement and is intended to provide shareholders and potential investors with the latest developments regarding the company’s equity structure.
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