Business
Establishment of Employee Ben
Establishment of Employee Ben.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n RNS Number : 6810C Cinpart PLC 18 November 2009 \n18 November 2009\n\nCINPART PLC\n('Cinpart' or the 'Company')\n\nEstablishment of Employee Benefit Trust\n\nCinpart (AIM:CINP), the electrical products manufacturer and supplier, announces that it has executed a trust deed in order to constitute the Cinpart Employee Benefit Trust (the \"EBT\") with Cinpart EBT Limited, a wholly owned subsidiary of the Company, being appointed as trustee (the \"Trustee\").\n\nThe establishment of the EBT will enable the Trustee to acquire shares in the Company and to make those shares available for the benefit of current and future employees of the Company and its subsidiaries (the \"Group\"), as part of the Group's employee incentive strategy.\n\n-ENDS-\n\nEnquiries:\n\n\n\n\n\nCinpart Plc\n\n\n\n\n\n\n\nKevin Baker, Chief Executive\nChristopher Foster, Executive Director\n\n\n\nTel: 020 3176 3033\nTel: 020 3176 3031\n\n\n\n\n\nMerchant John East Securities Limited (Nominated Adviser)\n\n\n\n\nJohn East/Simon Clements\n\n\nTel: 020 7628 2200\n\n\n\n\n\nMirabaud Securities LLP (Joint Broker)\n\n\n\n\nRory Scott\n\n\n\nTel: 020 7878 3360\n\n\n\n\nRivington Street Corporate Finance Limited (Joint Broker)\n\n\n\n\nMonisha Varadan\n\n\nTel: 020 7562 3389\n\n\n\n\n\nHansard Group (Public Relations) \n\n\n\n\n\n\n\nKirsty Corcoran/Justine James\n\n\nTel: 020 7245 1100\n\n\n\n\n\nAbout Cinpart:\nCinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 percent.\n\nOther wholly owned subsidiaries in the Company's group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBPBPTMMIBMIL \n ","length":4822,"tagName":"div"}]