Overview of Irish Continental Group's Block Listing Return
BLOCK LISTING SIX MONTHLY RETURN
Date: 1 October 2024
Applicant Information
The name of the applicant in this block listing return is Irish Continental Group plc. This company operates primarily in the maritime and transport sectors, providing essential services to and from Ireland.
Scheme Details
The block listing involves the ICG Share Option Plans, which are crucial for incentivizing employees and aligning their interests with shareholders. These plans ensure that employees have a stake in the company's success, enhancing motivation and productivity.
Period of Return
The reporting period for this return extended from 1 April 2024 to 30 September 2024, during which significant developments occurred within the company.
Balance of Unallotted Securities
As of this return, there are 4,740,780 unallotted ICG Units. This figure reflects the company's strategy to maintain flexibility in equity distribution while managing their employee incentive schemes effectively.
Increase in Block Scheme
It is noted that there has been no increase in the block scheme since the last return, as indicated by the nil balance reported. This decision suggests a cautious approach by the management during the period.
Securities Allotted During the Period
Throughout this reporting period, a total of 162,341 ICG Units were issued under the schemes, indicating active participation and trust by employees in their compensation plans.
Final Balance of Securities
The remaining balance of unissued and unallotted securities at the end of this period stands at 4,578,439 ICG Units. This remaining balance provides the company with the capability to allocate additional securities as necessary for future incentive or compensatory purposes.
Contact Information
If you have any questions regarding this report or require further details about the ICG Share Option Plans, please contact Tom Corcoran at +353 1 607 5700. His insights could provide clarity on the effective implementation of these schemes.
Frequently Asked Questions
What is the purpose of the block listing return?
The block listing return provides transparency about the number of securities available under employee incentive schemes, promoting shareholder confidence.
How many unallotted securities does Irish Continental Group have?
As of the latest return, Irish Continental Group has 4,578,439 unallotted ICG Units remaining under their share option plans.
Who should I contact for more information about the block listing?
You can reach out to Tom Corcoran at +353 1 607 5700 for any inquiries related to the block listing and ICG's options schemes.
What is the significance of ICG Share Option Plans?
The ICG Share Option Plans serve to incentivize employees by granting them a stake in the company's performance and success.
When did the reporting period for this block listing return end?
The reporting period for this block listing return concluded on 30 September 2024.
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