Business
Grant of Share Awards and PDMR Dealings
Grant of Share Awards and PDMR Dealings.
About this update from Gateley (holdings) Plc
[{"type":"text","content":"\n\n25 July 2024\n \nGATELEY (HOLDINGS) PLC\n(\"Gateley\" or the \"Group\" or the \"Company\")\n(AIM: GTLY)\n \nGRANT OF SHARE AWARDS AND PDMR DEALINGS\n \n \nGateley, the professional services group, is pleased to announce its latest grant of annual share awards to senior employees, subsidiary company directors and PDMRs (as set out in the tables below).\n \nRestricted Share Awards (\"RSAs\") form part of the Group's progressive incentivisation and equity recirculation plan. It is a continuation of the board's strategy to differentiate the position of senior employees and directors at Gateley from that of a partner in traditionally structured professional services businesses.\n \nRSAs over 3,198,327 Ordinary Shares of 10 pence each in the Company (\"Ordinary Shares\") have been awarded today. These awards have all been satisfied from Ordinary Shares held by the Gateley Employee Benefit Trust (\"EBT\"). They vest on receipt, are subject to a five-year non-dealing restriction and are forfeited should employment be terminated within that period. The EBT has also made an award to a strategic board director for outstanding contribution over an extended period, which will also be satisfied from the EBT.\n \nRod Waldie, Gateley Chief Executive Officer, said:\n\"The board firmly believes that the use of equity as an incentive and means of extending share ownership through all levels of the Group is a material point of positive differentiation for Gateley in an intensely competitive staffing environment. It is therefore an important component for our future growth ambitions. In particular, we have worked hard over the last 12 months to enhance our restricted share award scheme, principally to facilitate recirculation of internally held shares. This is our main equity incentive scheme for senior leaders in the Group. Our enhancements present an efficient means of maintaining significant equity at senior levels in the Group whilst minimising external market impacts. We believe this will help secure and enhance Gateley's position as an attractive and sought after employer.\"\n \nEnquiries:\n \n\n\n\n\nGateley (Holdings) Plc\n\n\n\n\n\n\n\nNeil Smith, Finance Director\n\n\nTel: +44 (0) 121 234 0196\n\n\n\n\nNick Smith, Acquisitions Director and Head of Investor Relati...