28 Mar 2019 16:35
Somero Enterprises Inc.
("Somero" or the "Company")
Result of Secondary Placing of Ordinary Shares in Somero
Further to the announcement earlier today, Somero announces that Jack Cooney has sold 800,000 Ordinary Shares in the Company (the "Placing Shares"), representing approximately 1.42 per cent. of the voting rights of Somero. The Placing Shares were placed at a price of 340 pence per share and were sold to institutional investors by finnCap Ltd.
Following the sale, Jack Cooney now has a beneficial interest in a total of 614,634 Ordinary Shares, representing a resultant holding of 1.09 per cent. of the total voting rights.
The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.
For further information, please contact:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Carl Holmes (Corporate Finance)
Kate Bannatyne (Corporate Finance)
Tim Redfern/Richard Chambers (ECM)
Alma PR (Financial PR Advisor) somero@almapr.co.uk
Rebecca Sanders-Hewett +44 (0) 2038 659 667
Susie Hudson
Sam Modlin
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Jack Cooney |
2. | Reason for the Notification | |
a) | Position/status | Chief Executive Officer |
b) | Initial notification/Amendment | Initial notification
|
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Somero Enterprises Inc. |
b) | LEI | 549300OQ2P18NRWBIW58 |
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 | ordinary shares of $0.001 each ("Ordinary Shares") |
Identification code | SOM | |
b) | Nature of the transaction | Sale of Ordinary Shares |
c) | Price(s) and volume(s) | Price: 340p Volume: 800,000 |
d) | Aggregated information: · Aggregated volume · Price | n/a |
e) | Date of the transaction | 28 March 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
Somero (SOM)