Business
Launch of new all-employee share incentive plan
Launch of new all-employee share incentive plan.
About this update from Cambridge Nutritional Sciences Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n \n 8\n \n \n November 2022\n \n \n \n \n OMEGA DIAGNOSTICS GROUP PLC\n \n \n \n \n (\"Omega\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Establishment and initial operation of tax-advantaged all-employee share incentive plan\n \n \n \n \n \n \n \n \n \n 1. Establishment of the Omega Diagnostics Group PLC Share Incentive Plan\n \n \n \n \n \n \n Omega (AIM: ODX), the specialist medical diagnostics company focused on promoting a personalised and functional approach to health and nutrition, announces the establishment and launch of a new HMRC tax-advantaged share scheme, namely the Omega Diagnostics Group PLC Share Incentive Plan (the \"SIP\" or the \"Plan\").\n \n \n \n \n \n The SIP,\n which was entered into in late September,\n has been adopted to support the principles of wider share ownership amongst all the Company's employees. It allows eligible individuals (including Omega's executive directors) to be invited to purchase\n ordinary shares of 4 pence each in the capital of the Company (\"Ordinary Shares\")\n via the SIP trustee using salary deductions (which, in aggregate, cannot exceed £1,800 per employee over any one tax year). The Ordinary Shares acquired in this manner are referred to as \"Partnership Shares\" and, for each Partnership Share purchased, participants are awarded one further free Ordinary Share, known as a \"Matching Share.\"\n \n \n \n \n \n Matching Shares must normally be held in the SIP for a minimum holding period of 3 years and will usually be forfeited if, during that period, the participant in question ceases employment or withdraws their corresponding Partnership Shares from the Plan.\n \n \n \n \n \n \n 2. Initial purchase of Partnership Shares and award of Matching Shares\n \n \n \n \n \n \n On 7 November 2022, the Company received notification from Link Market Services Trustees ...