Last checked at 15 Jan 2016 17:13
S & U PLC ("S&U" or "the Company")
Exercise of Options and Director's Shareholding
15 January 2016
S&U plc announces that it has today received due notice of exercise in respect of options granted to Mr Graham Coombs under the Company's 2010 Long Term Incentive Share Option Plan ("LTIP") in respect of a total of 25,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.50 pence per share. These 25,000 Ordinary Shares were admitted to trading on 15 January 2016 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari passu with existing Ordinary Shares.
As a result of this exercise, Mr Graham Coombs` shareholding (including beneficial shareholdings) has increased to 1,562,207 Ordinary Shares representing 13.1 per cent of the enlarged ordinary share capital.
In addition to the above holding, Grevayne Properties Limited, a Company beneficially controlled by Anthony Coombs and Graham Coombs, holds 298,048 Ordinary Shares representing 2.5% of the enlarged ordinary share capital.
Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,929,875, which number 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.