Last checked at 6 Oct 2017 17:50
S & U PLC ("S&U" or "the Company")
Exercise and Sale of Options, Director/PDMR Shareholding and Total Voting Rights
6 October 2017
Exercise and Sale of Options
S&U plc announces that it has today received notice of the exercise in respect of options granted to Mr John Guy Thompson, a director of S&U plc; 2,500 options under the Company's 2010 Long Term Incentive Plan ("LTIP") were exercised at an exercise price of 12.5 pence per share and 450 options under the Company's 2008 Discretionary Share Option Plan ("DSOP") were exercised at an exercise price of 1,892.5 pence per share. These notices for Mr John Guy Thompson were in respect of a total of 2,950 ordinary shares of 12.5p each ("Ordinary Shares") and these 2,950 Ordinary Shares were sold in the market at an average price of 2,055.83 pence per share. Following these transactions the shareholding of Mr John Guy Thompson is nil.
S&U plc has also received due notice of exercise in respect of options granted to members of its senior management under the Company's 2010 Long Term Incentive Plan ("LTIP"). The notices were in respect of a total of 6,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. 3,500 of these Ordinary Shares were sold in the market at a price of 2,074 pence per share and 2,500 Ordinary Shares were retained by senior management.
In total, 8,950 Ordinary Shares were admitted to trading this week pursuant to an existing block listing, and will rank pari pasu with existing Ordinary Shares.
Total Voting Rights
Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,985,659. This number (11,985,659) should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the share capital of S&U under the FCA's Disclosure and Transparency rules.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| John Guy Thompson
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2
| Reason for the notification
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a)
| Position/status
| Director | ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| S&U PLC | ||||||
b)
| LEI
| 213800QZ1X2A7J64SQ31
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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
Identification code
| Ordinary shares of 12.5p each
ISIN : GB0007655037
| ||||||
b)
| Nature of the transaction
| Exercise of options under the Company's 2010 Long Term Incentive and 2008 Discretionary Share Option Plans. | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| ||||||
e)
| Date of the transaction
| 6th October 2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||
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
Identification code
| Ordinary shares of 12.5p each
ISIN : GB0007655037
| ||||||
b)
| Nature of the transaction
| Sale of Ordinary Shares following an exercise of options under the Company's 2010 Long Term Incentive and 2008 Discretionary Share Option Plans. | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: 2,950 Volume weighted average price: 2,055.83p
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e)
| Date of the transaction
| 6th October 2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||
For further information, please contact:
Anthony Coombs, Chairman S&U plc (www.suplc.co.uk) 0121 705 7777
Broker and Financial Adviser
Adrian Trimmings/Rishi Shah Peel Hunt 0207 418 8900
Media and Investor Relations
Ged Brumby Smithfield 0207 360 4900