JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
LONDON - React Group plc (AIM:REAT), a specialist support services provider to the facility management industry, announced Wednesday the establishment of an HMRC-sanctioned Share Incentive Plan (SIP) for its employees.
The plan allows eligible employees to purchase Partnership Shares at market price through monthly contributions of up to £150. For every two Partnership Shares acquired, employees will receive three Matching Shares, which are subject to a three-year holding period.
According to the company’s statement, Matching Shares will be forfeited under certain conditions if an employee leaves the company before the three-year holding period expires or sells the corresponding Partnership Shares within that timeframe.
On July 14, several company directors participated in the plan. Chair Mark Braund, Chief Executive Officer Shaun Doak, and Chief Financial Officer Spencer Dredge each received 695 SIP Shares, consisting of 278 Partnership Shares purchased at 53.95 pence per share and 417 Matching Shares.
MUFG Corporate Markets will serve as the administrator and trustee of the SIP. The trustee will purchase both Partnership and Matching Shares on-market before allocating them to beneficiaries.
React Group describes itself as the UK’s leading support services provider to the facility management sector, operating through four divisions: LaddersFree, Fidelis Contract Services, REACT business, and 24hr Aquaflow Services Ltd.
The information was disclosed in a regulatory news service announcement issued by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.