17 Jan 2017 14:00
FOR IMMEDIATE RELEASE 17 JANUARY 2017
SANDERSON GROUP PLC
Grant of Options
Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors, announces that Mr Ian Newcombe, the Group Chief Executive has been granted the option to subscribe for 123,000 new ordinary shares in the Group at an exercise price of 72 pence per share, being the mid-market price at the close of business on Monday 16th January 2017. The options are exercisable between 16th January 2020 and 16th January 2024. Following the option grant, Mr Newcombe holds in aggregate options over 1,008,000 Sanderson ordinary shares as detailed below:
No. of options | Exercise price | Earliest exercise date | Expiry date |
300,000 | 23p | 21.05.2013 | 21.05.2020 |
118,750 | 30p | 29.06.2014 | 29.06.2018 |
200,000 | 45.75p | 27.11.2015 | 27.11.2019 |
31,250 | 30p | 29.06.2014 | 29.06.2018 |
35,000 | 27.5p | 05.04.2014 | 05.01.2021 |
200,000 | 71p | 13.12.2016 | 13.12.2023 |
123,000 | 72p | 13.01.2020 | 13.01.2024 |
Enquiries:
Sanderson Group plc | 0333 123 1400 |
Christopher Winn, Chairman |
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Ian Newcombe, Chief Executive |
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Adrian Frost, Finance Director |
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Singer N+1 - Nominated Advisor and Broker | 020 7496 3000 |
Mark Taylor |
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Walbrook PRPaul Vann | 0117 985 8989 or 07768 807631 |
Sondrel Plc (SND)