On 22 September 1999 the company established an Employee Benefit Trust ("EBT") which is a discretionary Trust for the benefit of the employees (including directors and officers) of the group. The EBT provides for the issue of shares or options over shares or benefits in cash or otherwise to the group's employees at the discretion of the Trustee, Lunson Mitchenall Trustees Limited. The EBT had previously granted options over its shares to certain directors under an approved Enterprise Management Incentive (EMI) scheme and from 2001, under an unapproved executive share option scheme as well. None of the options were exercised and the options duly lapsed on 16 July 2015.
A revised scheme was set up with effect from 6 November 2015.
1,976 (2024: 1,976) ordinary shares of 10p each in Lunson Mitchenall Holdings Limited are owned by the EBT.
Lunson Mitchenall Limited did not gift any contributions into the EBT during the year or in the previous year.