Floorcoverings distributor Headlam has awarded a number of employees with shares as part of its Long Service Awards Scheme.
The Headlam Employee Long Service Awards Scheme (Scheme) recognises the long service of colleagues across the group.
The Scheme awards colleagues after certain milestones of service with a monetary gift and, for longer serving employees, an award of ordinary shares in the Company. Ordinary share awards are granted bi-annually under the Scheme using service milestones.
Headlam has issued a total of 10,500 ordinary shares of 5 pence each to certain employees at nil cost under the Scheme. 10,500 ordinary shares of 5 pence each have been transferred from treasury stock for the purpose of satisfying the awards.
Following the above transfer of treasury stock, the Company holds 4,860,342 ordinary shares as treasury shares. The total number of ordinary shares in issue is 80,778,867 with one voting right per share.