Likewise Group PLC (AIM: LIKE), the AIM-listed flooring distributor, has announced the issue of 125,000 new ordinary shares to satisfy exercises under its 2021 Employee Management Incentive Scheme, alongside the transfer of 10,588 treasury shares under its 2023 Save As You Earn Scheme. The new shares are expected to be admitted to trading on AIM at 8.00 a.m. on 6 November 2026. Following these transactions, the company's total voting rights denominator stands at 365,360,937, a figure shareholders must use when calculating disclosure obligations under FCA rules.

Key Points

  • Likewise Group PLC (AIM: LIKE) — AIM-listed fast-growing flooring distributor
  • 125,000 new ordinary shares issued to satisfy 2021 Employee Management Incentive Scheme options granted at 18 pence; 10,588 treasury shares transferred to satisfy 2023 SAYE options exercised at 17 pence
  • AIM admission of 125,000 new shares expected at 8.00 a.m. on 6 November 2026; total issued share capital rises to 367,143,567 with 1,782,630 shares remaining in treasury
  • Investors should note the updated total voting rights figure of 365,360,937 for FCA disclosure threshold calculations

Likewise Group's 2021 Management Incentive Scheme Options Exercised at 18 Pence

Likewise Group has confirmed the issue of 125,000 ordinary shares of £0.01 each to satisfy option exercises under its 2021 Employee Management Incentive Scheme, with options having been granted at 18 pence per share. The company has applied for these new shares to be admitted to trading on AIM, with dealings expected to commence at 8.00 a.m. on 6 November 2026. The exercise reflects staff participation in a scheme introduced five years ago, forming part of the group's broader employee incentivisation framework as a flooring distributor that describes itself as the UK's fastest-growing and most progressive operator in its sector.

Treasury Shares Deployed to Settle 2023 Save As You Earn Scheme Exercises at 17 Pence

Separately, Likewise Group has confirmed that 10,588 share options under its 2023 Save As You Earn Scheme were exercised at a price of 17 pence per option. Rather than issuing new shares, these options are being satisfied through the transfer of 10,588 existing ordinary shares held in the company's treasury. Following this transfer, Likewise's treasury holding stands at 1,782,630 shares. The use of treasury shares for SAYE settlements is a common mechanism allowing companies to fulfil employee share scheme obligations without increasing the total number of shares in issue.

Likewise's Updated Issued Share Capital and FCA Voting Rights Denominator

Following both the new share admission and the treasury transfer, Likewise Group's total issued share capital will be 367,143,567 ordinary shares. The company's total voting rights, which excludes treasury shares, now stands at 365,360,937. The company has highlighted this figure specifically for shareholders who need to assess whether they are required to notify interests or changes in interests under the FCA's Disclosure Guidance and Transparency Rules. Investors monitoring their proportional holdings in Likewise should use 365,360,937 as the denominator for all such regulatory calculations going forward.