Last checked at 25 Apr 2016 14:00
FOR IMMEDIATE RELEASE 25 APRIL 2016
SANDERSON GROUP PLC
Exercise of Options
Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses in the manufacturing, wholesale distribution and logistics sectors, announces that an ex-employee has exercised options over 50,000 ordinary shares ('New Ordinary Shares'). The options were issued under the Group's Unapproved scheme at a price of 23 pence per ordinary share. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 29 April 2016.
The New Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the existing Sanderson ordinary shares. Following allotment of the New Ordinary Shares, Sanderson will have in issue 54,851,985 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Sanderson, under the Disclosure and Transparency Rules.
Sanderson Group plc 0333 123 1400
Christopher Winn, Chairman
Ian Newcombe, Chief Executive Officer
Adrian Frost, Finance Director
Panmure Gordon (UK) Limited 020 7886 2500
Nominated Advisor
Erik Anderson/Fred Walsh
Walbrook PR 0117 985 8989
Paul Vann or 07768 807631