4 June 2019 – growth share scheme

The performance condition of the Growth Share Scheme, introduced in February 2017, has been met.  The share price closed at 82p on 3 June and this representing the fifteenth consecutive business day the share price had equalled or exceeded 75p.  The scheme was introduced when the share price was 41p and at the time the scheme was introduced achieving the target share price of 75p would have resulted in a potential dilution to existing shareholders of less than 7%.  A total of 17 individuals were invited to participate in the scheme and in total 5,720,171 Growth Shares were subscribed for.  Although this had been announced previously it has hit the share price and the shares now look GOOD VALUE again.