CareTech Holdings PLC Grant of Sharesave Options (8290T)
October 17 2017 - 6:37AM
UK Regulatory
TIDMCTH
RNS Number : 8290T
CareTech Holdings PLC
17 October 2017
For immediate release 17 October 2017
CareTech Holdings PLC
("CareTech" or the "Company")
Grant of Sharesave Options
CareTech Holdings PLC (AIM: CTH), a leading provider of
specialist social care services in the UK, announces that, on 13
October 2017, it granted options in aggregate over 254,681 ordinary
shares of 0.5 pence in the Company ("Options") pursuant to the
CareTech Holdings Plc Sharesave Scheme 2017 ("Sharesave 2017").
The three year contract start date of the Options is 1 December
2017. The Options are exercisable at a price of 308 pence per share
between 1 December 2020 and 31 May 2021 and are not subject to any
performance conditions. The exercise price has been determined in
accordance with the valuation methodology agreed with HM Revenue
& Customs and the rules in relation to Sharesave schemes.
Farouq Sheikh, CareTech's Executive Chairman, commented: "We
created the Caretech Sharesave Scheme last year to provide a
risk-free, Government-supported method for all our staff to have
the opportunity to participate in the Company's equity. Last year,
more than 200 members of staff chose to join the scheme, which
forms part of CareTech's staff retention strategy. We are
particularly pleased that in this second year of the scheme more
than 250 members of staff have chosen to participate and it is our
intention to launch further Sharesave schemes in future."
For further information, please contact:
CareTech Holdings PLC
Farouq Sheikh, Executive
Chairman
Michael Hill, Group Finance
Director 01707 601 800
Buchanan (PR Adviser)
Mark Court
Sophie Cowles
Stephanie Watson 020 7466 5000
Panmure Gordon (Nomad
and Joint Broker)
Freddy Crossley
Peter Steel
Charles Leigh-Pemberton 020 7886 2500
WH Ireland (Joint Broker)
Adrian Hadden
James Bavister 020 7220 1666
About CareTech
CareTech Holdings plc is a leading provider of specialist social
care services, supporting adults and children with a wide range of
complex needs in more than 260 specialist services around the
UK.
Committed to the highest standards of care and care governance,
CareTech provides its innovative care pathways through five
divisions covering adult learning disabilities, specialist
services, young people residential services, foster care and
learning services which come under the two outcome-based sectors of
Adult Services and Young People Services.
CareTech, which was founded in 1993, began trading on the AIM
market of the London Stock Exchange in October 2005 under the
ticker symbol CTH. Its property portfolio comprises more than 200
properties.
For further information please visit: www.caretech-uk.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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