16 Jul 2018 07:00
16 July 2018
Sumo Group plc
("Sumo Group" or the "Company")
Awards under The Sumo Group plc Share Incentive Plan,
PDMR dealings and Total Voting Rights
The Company announces that it received notification on 13 July 2018 from Link Market Services Trustees Limited (the "SIP Trustee") that the SIP Trustee awarded a total of 93,741 ordinary shares of 1p each in the Company ("Ordinary Shares") to participants in The Sumo Group plc Share Incentive Plan (the "SIP") details of which are set out in the Company's admission document.
The award comprises of Free Shares, Partnership Shares and Matching Shares, each as defined in the Company's admission document. Under the terms of the SIP, each eligible employee can contribute from monthly salary to purchase Partnership Shares and the Company matches these by awarding one Matching Share for each three Partnership Shares purchased. In addition, each eligible employee is entitled to receive a one-off award of 200 Free Shares.
In respect of the Free Shares and Matching Shares, the SIP award has been satisfied by the issue of 83,856 new Ordinary Shares to the SIP Trustee at a subscription price of 1p per share, being the nominal value of the shares. The SIP Shares shall rank equally with the existing issued shares of the Company. The SIP Shares will be allocated out of the shares which were the subject of the block listing announced on 5 July 2018.
In respect of the Partnership Shares, the SIP Trustee has purchased a total of 9,885 Ordinary Shares at a price of 175p per share.
PDMR Dealing
As participants in the SIP, the Executive Directors are deemed to have an interest in the shares awarded to them and held by the SIP Trustee. Details of the awards under the SIP to Persons Discharging Managerial Responsibility ("PDMR") are set out below:
PDMR | Partnership Shares | Matching Shares | Free Shares | Total Share Award | Total Share Holding Post Award | % of Issued Share Capital |
Carl Cavers | 1,028 | 342 | 200 | 1,570 | 6,603,477 | 4.41% |
David Wilton | 1,028 | 342 | 200 | 1,570 | 51,570 | 0.03% |
Total Voting Rights
The issued share capital of the Company following the issue of shares described above is 149,702,591 Ordinary Shares. The total number of voting rights in Sumo Group is 149,702,591 Ordinary Shares, which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in or a change to their interests in Sumo Group under the Financial Conduct Authority's Disclosure and Transparency Rules.
The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:
1. | Details of PDMR / person closely associated | |||||||||||||||||
a) | Name | (i) Carl Cavers (ii) David Wilton
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2. | Reason for the notification | |||||||||||||||||
a) | Position / status | (i) Chief Executive Officer (ii) Chief Financial Officer
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b) | Initial notification /amendment | Initial notification | ||||||||||||||||
3. | Details of the issuer | |||||||||||||||||
a) | Name | Sumo Group plc | ||||||||||||||||
b) | LEI | 213800LTZXJCG5QKIM14 | ||||||||||||||||
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 | Ordinary Shares of 1p each | ||||||||||||||||
b) | Identification code of the Financial Instrument | ISIN for Sumo Group plc: GB00BD3HV384 | ||||||||||||||||
c) | Nature of the transaction | Acquisition of Ordinary Shares in Sumo Group plc as under SIP by the SIP Trustees pursuant to the SIP
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d) | Price(s) and volume(s) |
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e) | Aggregated information - Aggregated volume - Price | N/A
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f) | Date of the transaction | 13 July 2018 | ||||||||||||||||
g) | Place of the transaction | London Stock Exchange (XLON) | ||||||||||||||||