Completion of Disposal and Director Shareholding

4 August 2015

S & U PLC ("S&U" or "the Company")

Completion of Disposal of Loansathome4u (the "Disposal") and Director Shareholding

The Directors of S&U are pleased to announce that following the approval of shareholders at the General Meeting, completion of the Disposal has now taken place. As part of the completion process, Mike Mullins and Mike Thompson have resigned as Directors of the Company and Manjeet Bhogal has stepped down as Company Secretary as they will remain with Loansathome4u. Chris Redford has been reappointed as Company Secretary of S&U plc in addition to his responsibilities as Group Finance Director. As set out in the Circular to shareholders concerning the Disposal, the Company has today granted share options in respect of 10,000 ordinary shares of 12.5p each in S & U to Chris Redford under the Company's 2010 Long Term Incentive Plan ("LTIP") reflecting his significant contribution during the Disposal process.  

The earliest date the award will vest is 5,000 Share options on 4 August 2018 and 5,000 Share options on 4 August 2019, all at an exercise price of 12.5p each. Following this award Mr Redford holds 6,095 ordinary shares (0.05% of the issued ordinary share capital) and options over 34,100 ordinary shares in the Company.

Chairman Anthony Coombs said that: "The Board would like to record its sincere and heartfelt appreciation for the long and loyal service of directors Mike Mullins and Mike Thompson, and of Manjeet Bhogal, Company Secretary."

For further information, please contact: 

Anthony Coombs, Chairman S&U plc 0121 705 7777

Broker and Financial Adviser

Chris Hardie Arden Partners 0207 614 5917

Media and Investor Relations

Will Swan, Julia Cooke Smithfield 0207 360 4900