TIDMRTC

RNS Number : 7826I

RTC Group PLC

30 March 2015

RTC Group Plc

(or the "Company" or "the Group")

Director Share Dealing and Company Purchase of Shares

RTC Group Plc was notified today that, Andy Pendlebury, Chief Executive Officer, had exercised options over 675,581 ordinary 1p shares in the Company for consideration of 9p per share. Following exercise the share capital of the Company increased to 14,338,707 1p ordinary shares.

The Company has subsequently acquired these shares at 70p per share, being the average market price on the three days preceding the transaction and has taken them into treasury pending their transfer into an Employee Benefit Trust which is currently being set up for the purpose of granting options to key employees both currently employed and in the future. Following the purchase, the Company now holds 675,581 shares in treasury.

The Company has purchased and is holding the shares in treasury to enable it to implement its long term strategic reward programme to incentivise key employees as the Group enters the next phase of its exciting growth plan.

Andy, who has been the Group's Chief Executive Officer for over seven years and has invested significantly in the Company, is still a substantial shareholder in the Company, holding 1,351,163 shares, representing 9.42% of the Company's enlarged issued share capital. Furthermore, Andy intends to maintain this holding for the long term as he remains committed to delivering the huge potential which the Board believes lies ahead for the Group and its shareholders.

ENDS

Enquiries:

 
 RTC Group plc 
  Bill Douie, Executive Chairman 
  Andy Pendlebury, CEO                                                                 Tel: 01332 861 
  Sarah Dye, Group Finance Director                                                    844 
                                                                                       Tel: 07766 505 
                                                                                       402 
 
 
                                                WH Ireland                                                          Tel: 
                                                (Nominated Adviser                                                  0113 
                                                and Broker)                                                         394 
                                                Andrew Kitchingman                                                  6600 
                                                / Liam Gribben

About RTC

RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.

ATA Recruitment is one of the UK's leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.

Ganymede Solutions is focussed on the supply and operation of blue collar contingent labour into safety critical markets.

Global Staffing Solutions predominantly provides managed service solutions for international clients.

www.rtcgroupplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSSEMFUUFISESD

Rtc (LSE:RTC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Rtc Charts.
Rtc (LSE:RTC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Rtc Charts.