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12 Sep 2016 10:27
12 September 2016
SOCO International plc
('SOCO' or 'the Company')
DIRECTORS/PDMR SHAREHOLDING
The Company announces a correction to the announcement released on 12 August 2016 under RNS Number 1170H.
The details being corrected concern the number of SOCO International plc ordinary shares of £0.05 each ("Shares") /to be delivered to Ed Story (CEO, Executive Director and PDMR of the Company) from the SOCO Employee Benefit Trust ("SOCO EBT") in settlement of share awards ("Awards") under the Company's Long Term Incentive Plan.
The details were incorrectly reported as:
LTIP Participant | Date of original award | Date of vesting | Awards vested | Shares to be deducted for associated tax | Shares to be delivered to LTIP Participant |
E Story | 5 Dec 2012 | 8 Jan 2016 | 360,557 | 98,612 | 261,945 |
The correct details are:
LTIP Participant | Date of original award | Date of vesting | Awards vested | Shares to be deducted for associated tax | Shares to be delivered to LTIP Participant |
E Story | 5 Dec 2012 | 8 Jan 2016 | 360,557 | 151,254 | 209,303 |
As a result of this correction:
Ed Story is interested in 13,633,267 Shares, representing 4.11% of the issued share capital of the Company, of which 11,958,267 (3.60%) Shares are held personally by Ed Story and 1,675,000 (0.50%) Shares are held through The Story Family Trust, a closely associated person to Ed Story.
The SOCO EBT is interested in 2,299,767 Shares representing 0.69% of the share capital of the Company. The Executive Directors, as potential beneficiaries, are technically deemed to have an interest in all ordinary shares held by the SOCO EBT.
Contact: Carol Fan, SOCO International plc, tel. 020 7747 2000
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ed Story | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO/Director | ||||
b) | Initial notification /Amendment | Amendment to prior notifications
Previous notification reference 00002187 submitted on 12/08/2016. This notification amends the number of shares received. | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SOCO International plc | ||||
b) | LEI | 549300DDKLXYLLO4N524 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of £0.05 Each
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Acquisition of shares following settlement of share awards under the Company's Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
209,303
Nil
| ||||
e)
| Date of the transaction
| 10/08/2016 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
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