Last checked at 7 Jan 2020 15:19
S & U PLC ("S&U" or "the Company")
Exercise and Sale of Options, Director/PDMR Shareholding and Total Voting Rights
7 January 2020
Exercise and Sale of Options
S&U plc announces that it has today received notice of the exercise of 13,500 options granted to Mr Guy Thompson, a director of S&U plc under the Company's 2010 Long Term Incentive Plan ("LTIP"). These options were exercised at an exercise price of 12.5 pence per share and these 13,500 Ordinary Shares were sold in the market at an average price of 2,100 pence per share. Following these transactions the beneficial shareholding of Mr Guy Thompson is nil ordinary shares and he holds nil vested but unexercised ordinary share options. He also holds 6,000 vested shadow share options and 15,000 unvested shadow share options.
These 13,500 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 12,120,093. This 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.
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
| |||||
a)
| Name
| John Guy Thompson
| ||||
2
| Reason for the notification
| |||||
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
| ||||
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 Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| ||||
e)
| Date of the transaction
| 7 January 2020 | ||||
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 Plan. | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: 13,500
Volume weighted average price: 2,100p
| ||||||
e)
| Date of the transaction
| 7 January 2020 | ||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||
Enquiries:
Anthony Coombs | S&U plc | c/c/o Newgate Communications | |
Financial Public Relations Bob Huxford, Tom Carnegie, Megan Kovach | Newgate Communications | 020 7653 9848
| |
Broker Adrian Trimmings, Andrew Buchanan, Rishi Shah |
Peel Hunt LLP |
020 7418 8900 |