Avacta Group said it has established an HMRC approved Share Incentive Plan for all eligible UK employees.

As part of the SIP Award Scheme, shares of up to a value of £3,000 per employee will be issued at the prevailing middle market price at the close of business the day before an award to all eligible employees.

These shares awarded will form part of the employee's remuneration package.

Accordingly, today 229,591 shares have been issued as part of the SIP Award Scheme.

At 3:00pm: (LON:AVCT) Avacta Group PLC share price was -0.25p at 65.5p