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11 Apr 2017 10:00
FOR IMMEDIATE RELEASE 11 APRIL 2017
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 employee has exercised options over 35,000 ordinary shares. The options were issued under the Group's EMI scheme at an exercise price of 70.5 pence per share. Application has been made for the 35,000 new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 19 April 2017.
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 55,006,001 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 |
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Ian Newcombe, Chief Executive |
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Adrian Frost, Finance Director |
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Singer N+1 - Nominated Advisor and Broker | 020 7496 3000 |
Mark Taylor |
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Walbrook PRPaul Vann | 0117 985 8989 or 07768 807631 |
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