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24 Apr 2018 07:00
FOR IMMEDIATE RELEASE 24 APRIL 2018
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 operating in the manufacturing, wholesale distribution and logistics sectors, announces that an ex-employee has exercised 149,579 share options; 59,000 of these options were issued under the Group's EMI Plan with an exercise price of 57 pence, with the balance of 90,579 shares being issued under the Group's Unapproved Company Share Option Plan at an exercise price of 56 pence. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 27 April 2018.
The new ordinary shares 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 59,785,900 ordinary shares of 10p each. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Sanderson Group plc | 0333 123 1400 |
Christopher Winn, Chairman | |
Ian Newcombe, Chief Executive | |
Richard Mogg, Finance Director | |
N+1 Singer (Nominated Adviser and Broker) | 020 7496 3000 |
Mark Taylor James White | |
Walbrook PR LimitedPaul Vann | 0117 985 8989 or 07768 807631 |
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