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LONDON - Headlam Group (LON:HEAD) plc, a leading floorcovering distributor, has announced the transfer of 6,700 ordinary shares from its treasury stock to fulfill its Employee Long Service Awards Scheme. On Tuesday, the company recognized the dedication of its long-serving employees by granting shares at no cost to those who have reached significant milestones in their tenure.
The distribution of shares to employees comes as part of a bi-annual recognition program that celebrates the contributions of staff members over extended periods. Following this transfer, Headlam Group retains 4,797,615 ordinary shares as treasury shares.
The total number of ordinary shares in circulation, excluding those held in treasury, stands at 80,841,594, each carrying one voting right. This figure is relevant to shareholders who need to disclose changes in their stake in the company's share capital according to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Headlam Group's commitment to acknowledging the loyalty and service of its employees through this scheme reflects the company's appreciation of its workforce. The transfer of shares for the awards does not significantly alter the total number of voting rights, which remains at 80,841,594.
The information regarding the share award and the Employee Long Service Awards Scheme is based on a press release statement from the company.
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