Kitwave Group PLC Management Incentive Plan (6557G)
27 Julio 2021 - 10:03AM
UK Regulatory
TIDMKITW
RNS Number : 6557G
Kitwave Group PLC
27 July 2021
27 July 2021
Kitwave Group plc
("Kitwave", the "Group" or the "Company")
Management Incentive Plan
Kitwave Group plc (AIM: KITW), the independent, delivered
wholesale business, is pleased to announce that it has implemented
the management incentive plan ("MIP"), as outlined fully in the
Company's Admission Document, dated 7 May 2021.
Under the MIP, which intends to retain and incentivise key
management personnel, the Company has granted Growth Shares in the
Company's subsidiary, Kitwave Limited, to David Brind (Chief
Financial Officer) and Ben Maxted (Group Operations Director and
Head of Frozen & Chilled).
Full details of the MIP and its terms are set out in the
Company's Admission Document, a copy of which is available on the
Company's website: www.kitwave.co.uk .
- Ends -
For further information please contact:
Kitwave Group plc Tel: +44 (0) 191 259 2277
Paul Young, Chief Executive Officer
David Brind, Chief Financial Officer
www.kitwave.co.uk
Canaccord Genuity Limited Tel: +44 (0) 20 7523 8150
(Nominated Adviser and Sole Broker)
Bobbie Hilliam
Alex Aylen
Richard Andrews
Georgina McCooke
Yellow Jersey PR Tel: +44 (0) 20 3004 9512
(Financial media and PR)
Sarah Hollins
Henry Wilkinson
Matthew McHale
Company Overview
Founded in 1987, following the acquisition of a single-site
confectionery wholesale business based in North Shields, United
Kingdom, Kitwave is an independent, delivered wholesale business,
specialising in selling and delivering impulse products, frozen and
chilled foods, alcohol, groceries and tobacco to approximately
38,000, mainly independent, customers.
With a network of 26 depots, Kitwave is able to support delivery
throughout the UK to a diverse customer base, which includes
independent convenience retailers, leisure outlets, vending machine
operators, foodservice providers and other wholesalers, as well as
leading national retailers.
The Group's growth to date has been achieved both organically
and through a strategy of acquiring smaller, predominantly
family-owned, complementary businesses in the fragmented UK grocery
and foodservice wholesale market.
Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of
the London Stock Exchange on 24 May 2021.
For further information, please visit www.kitwave.co.uk .
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END
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