Director/PDMR Shareholding - correction

RNS Number : 1785E

S & U PLC

25 May 2012

 



25 May 2012

S&U plc

("S&U" or "the Company")

Director/PDMR Shareholding - Correction

The following amendment has been made to the Director/PDMR Shareholding announcement released on 25 May 2012 at 16.32 under RNS No 1626E.

The exercise price of the share options are 730p not 12.5p as disclosed in the prior announcement.

All other details remain unchanged.

The full amended text is shown below.

25 May 2012

S & U PLC ("S&U" or "the Company")

Director/PDMR Shareholding

The Company has granted share options in respect of 8,125 ordinary shares of 12.5p each in S&U to certain Company Directors under the Company's 2008 Discretionary Share Option Plan ("DSOP"). 

The option awards were all made on 24 May 2012. The earliest date the awards will vest is on 24 May 2015 all at an exercise price of 730p each. The vesting of awards is subject to each person remaining in employment with the Company for three years from the date of award and meeting challenging performance targets over this period.

The awards are as follows:

Name of Director	Number of ordinary shares under option awarded	Total number of shares over which options held under LTIP and DSOP following notification
JG Thompson	3,000	67,202
CH Redford	2,000	19,995
MJ Mullins	1,125	18,125
MJ Thompson	2,000	7,000

For further information, please contact: 

Anthony Coombs, Chairman                S&U plc                                 0121 705 7777

Financial Advisers, Sponsors and Brokers

Adrian Trimmings/ Jamie Cameron         Arden Partners plc                    020 7614 5920

Media and Investor Relations

Will Swan/ Rebecca Whitehead            Smithfield                                 020 7360 4900 

 

END

 

 

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