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LONDON - Headlam Group plc (LON:HEAD) transferred 5,400 ordinary shares from its treasury stock to employees on Friday as part of its Employee Long Service Awards Scheme, according to a company press release.
The shares, which were awarded at nil cost, recognize the long service of employees who have reached certain milestone anniversaries with the company. The flooring distribution company grants these awards bi-annually.
Following the transfer, Headlam now holds 4,792,215 ordinary shares as treasury stock. The total number of ordinary shares in issue, excluding treasury shares, stands at 80,846,994, each carrying one voting right.
The Employee Long Service Awards Scheme provides monetary gifts to employees reaching service milestones, with longer-serving staff receiving company shares as recognition for their commitment.
The company noted that shareholders may use the updated share figures as the denominator for calculations to determine if they need to notify any changes to their interest in Headlam’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Headlam Group, a leading floor coverings distributor, is headquartered in the UK.
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