27 May 2011 07:00
27 May 2011
S & U PLC ("S&U" or "the Company")
Director/PDMR Shareholding
The Company has granted share options in respect of a number of ordinary shares in S & U PLC to Company directors under the Company's 2010 Long Term Incentive Plan ("LTIP").
The option awards were all made on 26 May 2011.
The earliest date the awards will vest is on 26 May 2014. Under the terms of the LTIP two exceptional awards of 10,000 options each were made to AMV Coombs and GDC Coombs in recognition of their exceptional management of the group in a difficult economic climate over the past year. The vesting of these exceptional awards is subject to remaining in employment with the Company for three years. The vesting of the other awards to JG Thompson, CH Redford, MJ Mullins and MJ Thompson is subject to remaining in employment with the Company for three years and meeting stretching performance targets.
The awards are as follows:
Name of Director
| Number of ordinary shares under option | Exercise price (p) | Total number of shares over which options held under LTIP and DSOP following notification |
AMV Coombs | 10,000 | 12.5 | 20,000 |
GDC Coombs | 10,000 | 12.5 | 20,000 |
JG Thompson | 7,500 | 12.5 | 62,702 |
CH Redford | 3,500 | 12.5 | 18,495 |
MJ Mullins | 4,000 | 12.5 | 13,500 |
MJ Thompson | 2,500 | 12.5 | 2,500 |
For further information, please contact:
Anthony Coombs, Chairman S&U plc 0121 705 7777
Financial Advisers, Sponsors and Brokers
Adrian Trimming/ Jamie Cameron Arden Partners plc 020 7614 5900
Media and Investor Relations
Will Swan/ Rebecca Whitehead Smithfield 020 7360 4900
S & U (SUS)