Director/PDMR Shareholding

RNS Number : 3057T

S & U PLC

24 September 2010

 



24 September 2010

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

Director/PDMR Shareholding

The Company has granted share options in respect of a number of ordinary shares in S & U PLC to Company directors and PDMRs under the Company's 2010 Long Term Incentive Plan ("LTIP"). 

The option awards were all made on 24 September 2010. 

The earliest date the awards will vest is on 24 September 2013.  Under the terms of the LTIP an exceptional award of 30,000 options was made to JG Thompson Managing Director of our Motor Finance business in recognition of his extraordinary achievement in the development of this business over the past eleven years. The vesting of this exceptional award is subject to remaining in employment with the Company for three years. The vesting of the other awards to JG Thompson, CH Redford and MJ Mullins is subject to remaining in employment with the Company for three years and meeting stretching performance targets.

The awards are as follows:

Name of Director	Number of ordinary shares under option	Exercise price (p)	Total number of shares over which options held following notification
JG Thompson	37,500	12.5	47,500
CH Redford	2,500	12.5	14,995
MJ Mullins	2,500	12.5	12,000

For further information, please contact: 

Anthony Coombs, Chairman                S&U plc                                   0121 705 7777

Financial Advisers, Sponsors and Brokers

Fred Walsh/ Matthew Armitt    Arden Partners plc                               020 7614 5917

Media and Investor Relations

Will Swan/ Rebecca Whitehead            Smithfield                                 020 7903 0629 

 

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