Business
Purchase of Shares via Employee Benefit Trust
Eurocell plc has recommended that its Employee Benefit Trust purchase 675,000 ordinary shares in the market, which will be held unallocated for future employee share scheme awards. Following this transaction, the Trust will hold a total of 719,936 ordinary shares, representing 0.72% of the Company's issued share capital. Disclaimer*
About this update from Eurocell Plc
[{"type":"text","content":"\n\nEUROCELL PLC\n(\"Eurocell\" or the \"Company\")\n \nPurchase of Shares via Employee Benefit Trust\n \nEurocell plc, the leading UK manufacturer and distributor of door and window products to the trade, today announces it has recommended Equiniti Trust (Jersey) Limited (the \"Trustee\"), in its capacity as trustee of the Eurocell Employee Benefit Trust (the \"Trust\"), purchases 675,000 ordinary shares (the \"Shares\") of the Company in the market. \n \nThe Shares will be held in the EBT, which is a discretionary trust for the benefit of the Group's employees. The Shares will be held on an unallocated basis for use in satisfying both current and future awards under the Company's various share schemes from time to time. \nFollowing this purchase, the EBT will hold a total of 719,936 ordinary shares, equating to 0.72% of the Company's issued share capital.\n~~~~~~~~~~~~~~~~~~~~~~~\n \nEnquiries:\nVicky Williams\nGroup Company Secretary\nTel: 01773 842100\n \n \n\n","length":2085,"tagName":"div"}]