Director/PDMR Shareholding

RNS Number : 5621J

Soco International PLC

12 September 2016

 

12 September 2016

SOCO International plc

('SOCO' or 'the Company')

DIRECTORS/PDMR SHAREHOLDING

The Company announces a correction to the announcement released on 12 August 2016 under RNS Number 1170H.

The details being corrected concern the number of SOCO International plc ordinary shares of £0.05 each ("Shares") /to be delivered to Ed Story (CEO, Executive Director and PDMR of the Company) from the SOCO Employee Benefit Trust ("SOCO EBT") in settlement of share awards ("Awards") under the Company's Long Term Incentive Plan.

The details were incorrectly reported as:

LTIP Participant	Date of original award	Date of vesting	Awards vested	Shares to be deducted for associated tax	Shares to be delivered to LTIP Participant
E Story	5 Dec 2012	8 Jan 2016	360,557	98,612	261,945

The correct details are:

LTIP Participant	Date of original award	Date of vesting	Awards vested	Shares to be deducted for associated tax	Shares to be delivered to LTIP Participant
E Story	5 Dec 2012	8 Jan 2016	360,557	151,254	209,303

As a result of this correction:

Ed Story is interested in 13,633,267 Shares, representing 4.11% of the issued share capital of the Company, of which 11,958,267 (3.60%) Shares are held personally by Ed Story and 1,675,000 (0.50%) Shares are held through The Story Family Trust, a closely associated person to Ed Story.

The SOCO EBT is interested in 2,299,767 Shares representing 0.69% of the share capital of the Company. The Executive Directors, as potential beneficiaries, are technically deemed to have an interest in all ordinary shares held by the SOCO EBT.

Contact: Carol Fan, SOCO International plc, tel. [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed Story
2	Reason for the notification
a)	Position/status	CEO/Director
b)	Initial notification /Amendment	Amendment to prior notifications Previous notification reference 00002187 submitted on 12/08/2016. This notification amends the number of shares received.
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SOCO International plc
b)	LEI	549300DDKLXYLLO4N524
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 £0.05 Each GB00B572ZV91
b)	Nature of the transaction	Acquisition of shares following settlement of share awards under the Company's Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) 0 209,303
d)	Aggregated information - Aggregated volume - Price	209,303 Nil
e)	Date of the transaction	10/08/2016
f)	Place of the transaction	Outside of a trading venue

 

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