The Pebble Group PLC Announces Grant of Options under 2023 Sharesave Plan
Rhea-AI Summary
The Pebble Group (AIM: PEBB, OTCQX: PEBBF) announced on April 26, 2023, the granting of options under its Sharesave Plan to eligible employees across the UK, US, and Canada. A total of 62 employees opted into this plan, resulting in options for 417,932 shares, which equates to 0.25% of the company's issued share capital. The exercise price for the options is 94 pence, a 20% discount from the closing market price of 117 pence prior to the invitation on March 28, 2023. With this grant, total options outstanding will reach 5,915,794 shares, or 3.5% of issued share capital. This strategic move aims to incentivize employees and enhance their investment in the company's growth.
Positive
- A total of 62 employees participated in the Sharesave Plan, showcasing employee engagement.
- Options granted represent a modest total of 0.25% of the company's issued share capital, which is manageable.
- The 20% discount on the exercise price may motivate employees to invest further in the company's success.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MANCHESTER, UK / ACCESSWIRE / April 26, 2023 / The Pebble Group plc (AIM: PEBB, OTCQX: PEBBF), a leading provider of technology, services and products to the global promotional products industry, announces that on 25 April 2023 the Company granted options to employees under its Sharesave Plan and its sub-plan, the International Sharesave Plan (together the Sharesave Plan).
All employees of the Company and its subsidiaries based in the UK, US and Canada (including executive directors) as at 28 March 2023 (the Eligible Employees) were invited to participate in the Sharesave Plan.
Eligible Employees were invited to subscribe for options over the Company's ordinary shares of 1 pence each (Shares) with an exercise price of 94 pence per Share (Options). This represents a
A total of 62 employees elected to participate in the Sharesave Plan. Including and pursuant to these elections, options over a total of 417,932 Shares have been granted representing
Following the Sharesave Plan grants to Eligible Employees, the Company will have total options outstanding over5,915,794Shares, representing
Enquiries:
| The Pebble Group plc Chris Lee, Chief Executive Officer Claire Thomson, Chief Financial Officer | +44 (0) 7385 024855 |
| Grant Thornton UK LLP (Nominated Adviser) Samantha Harrison / Harrison Clarke / Ciara Donnelly | +44 (0) 20 7383 5100 |
| Berenberg (Corporate Broker) Ben Wright / Marie Moy / Arnav Kapoor | +44 (0) 20 3207 7800 |
| Belvedere Communications (Financial PR) Cat Valentine Keeley Clarke | thepebblegrouppr@belvederepr.com +44 (0) 7715 769 078 +44 (0) 7967 816 525 |
About The Pebble Group plc - www.thepebblegroup.com
The Pebble Group is a provider of digital commerce, products and related services to the global promotional products industry, comprising two differentiated businesses, Facilisgroup and Brand Addition, focused on specific areas of the promotional products market. For further information, please visit www.thepebblegroup.com.
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SOURCE: The Pebble Group PLC
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