S&U PLC S & U PLC ('S&U' or 'the Company')
Exercise and Sale of Options, Director/PDMR Shareholding and Total Voting Rights
25 May 2018
Exercise and Sale of Options
S&U plc announces that it has today received notice of the exercise in respect of options granted to Mr Chris Redford, a director of S&U plc; 2,000 options under the Company's 2010 Long Term Incentive Plan ('LTIP') were exercised at an exercise price of 12.5 pence per share and 600 options under the Company's 2008 Discretionary Share Option Plan ('DSOP') were exercised at an exercise price of 1,892.5 pence per share. These notices for Mr Chris Redford were in respect of a total of 2,600 ordinary shares of 12.5p each ('Ordinary Shares') and these 2,600 Ordinary Shares were sold in the market at an average price of 2,702 pence per share. Following these transactions the beneficial shareholding of Mr Chris Redford is 11,000 ordinary shares, being 0.1% of the Company.In total, 2,600 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 12,003,759. This number (12,003,759) 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 | Chris Redford | ||||||
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 and 2008 Discretionary Share Option Plans. | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||||
e) | Date of the transaction | 22nd May 2018 | ||||||
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 and 2008 Discretionary Share Option Plans. | |||||||||||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Aggregated volume: 2,600 Volume weighted average price: 2,702p | |||||||||||||||||||||
e) | Date of the transaction | 22nd and 24th May 2018 | |||||||||||||||||||||
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, James Ash, Imogen Humphreys | Newgate Communications | 020 7653 9848 | |
Broker Adrian Trimmings, Rishi Shah | Peel Hunt LLP | 020 7418 8900 |
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Disclaimer
S&U plc published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 06:07:03 UTC
