Last checked at 26 Apr 2023 18:15
Somero Enterprises Inc.
("Somero" or the "Company")
Update re: Restricted Stock Units and
Director/PDMR Shareholding
Further to the announcement on 14 March 2023, in relation to the settlement of 39,032 Restricted Stock Units ("RSU") in exchange for an equivalent number of common stock shares of the Company at a price of 358 pence, reflecting the close price on the day of settlement, as permitted under the 2020 Equity Incentive Plan approved by the Board of Directors on December 3, 2019, the Company confirms that as part of this settlement the following executive Directors received shares as set out below:
Name | RSU Settlement | Resulting Shareholding | % |
John Yuncza | 8,897 | 164,676 | 0.29 |
Enzo LiCausi | 5,342 | 66,469 | 0.12 |
Total Voting Rights
The Company advises that its issued share capital remains unchanged at 55,866,563 Ordinary Shares, with 5,500 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company are 55,861,063.
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | John Yuncza |
2. | Reason for the Notification | |
a) | Position/status | President |
b) | Initial notification/Amendment | Initial notification
|
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Somero Enterprises Inc. |
b) | LEI | 549300OQ2P18NRWBIW58 |
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 | ordinary shares of $0.001 each ("Ordinary Shares") |
Identification code | USU834501038 | |
b) | Nature of the transaction | Employee Restricted Stock Settlement |
c) | Price(s) and volume(s) | Price: 358p Volume: 8,897 |
d) | Aggregated information: · Aggregated volume · Price | n/a |
e) | Date of the transaction | 13 March 2023 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Vincenzo LiCausi |
2. | Reason for the Notification | |
a) | Position/status | CFO |
b) | Initial notification/Amendment | Initial notification
|
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Somero Enterprises Inc. |
b) | LEI | 549300OQ2P18NRWBIW58 |
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 | ordinary shares of $0.001 each ("Ordinary Shares") |
Identification code | USU834501038 | |
b) | Nature of the transaction | Employee Restricted Stock Settlement |
c) | Price(s) and volume(s) | Price: 358p Volume: 5,342 |
d) | Aggregated information: · Aggregated volume · Price | n/a |
e) | Date of the transaction | 13 March 2023 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON)
|
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
For further information, please contact:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
John Yuncza, President
Enzo LiCausi, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Seamus Fricker (Corporate Finance)
Tim Redfern (ECM)
Alma PR (Financial PR Advisor) somero@almapr.co.uk
David Ison +44 (0) 2034 050 205
Pippa Crabtree