Exercise & Sale of Options/Directors Shareholding

Released : 20/04/2017

RNS Number : 9036C
S & U PLC
20 April 2017
 

 S & U PLC ("S&U" or "the Company")

Exercise and Sale of Options and Directors' Shareholdings

20 April 2017

 

S&U plc announces that it has today received due notices of exercise in respect of options granted to members of its senior management under the Company's 2010 Long Term Incentive Plan ("LTIP"). The notices were in respect of a total of 13,667 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. These 13,667 Ordinary Shares were admitted to trading on 20 April 2017 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari pasu with existing Ordinary Shares. 12,267 Ordinary Shares were sold in the market at a price of £20.65 per share and 1,400 Ordinary Shares were retained.

 

Mr Graham Coombs, Deputy Chairman, acquired 4,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,581,457 Ordinary Shares representing 13.2 per cent of the enlarged ordinary share capital.

 

Mr Anthony Coombs, Chairman, acquired 1,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,342,527 Ordinary Shares representing 11.2 per cent of the enlarged ordinary share capital.

 

In addition to the above holdings, Grevayne Properties Limited, a Company beneficially controlled by Anthony Coombs and Graham Coombs, hold 298,048 Ordinary Shares representing 2.5 per cent of the enlarged ordinary share capital.

 

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,976,709, which number 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

 

 

Graham Coombs

 

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

 

 

 

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

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

2065p

 

4,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A (Single transaction)

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

20th April 2017

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

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

 

 

Anthony Coombs

 

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

 

 

 

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

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

2065p

 

1,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A (Single transaction)

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

20th April 2017

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

For further information, please contact: 

Anthony Coombs, Chairman                             S&U plc (www.suplc.co.uk) 0121 705 7777

 

Broker and Financial Adviser

Chris Hardie                                                      Arden Partners                        0207 614 5917

 

Media and Investor Relations

Ged Brumby                                                      Smithfield                               0207 360 4900 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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