Director/PDMR Shareholding

RNS Number : 1656P

S & U PLC

27 September 2013

 

S & U PLC

27 September 2013

 S & U PLC ("S&U" or "the Company")

DTR 5.6.1 and Director/PDMR Shareholding

S&U on 27^th September 2013 have issued 47,000 ordinary shares of 12.5p each ("Ordinary Shares") in the Company in order to satisfy options issued under the Company's 2010 Long Term Incentive Plan. Following the issue of these Ordinary Shares the Company has 11,813,425 Ordinary Shares in issue. An application has been made to the London Stock Exchange for these Ordinary Shares to be admitted to trading and admission is expected on 3 October 2013.

DISCLOSURE AND TRANSPARENCY RULES DTR 5.6.1 R

There are 200,000 6.0% Cumulative preference shares of £1 each in the Company and 3,598,506 31.5% Cumulative preference shares of 12.5p each in the Company.

S&U does not hold any shares in treasury.

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,813,425, 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 FSA's Disclosure and Transparency Rules.

Further to this issue, S&U were advised that the following Executive Directors exercised share options and sold Ordinary Shares on 27 September 2013.

Chris Redford exercised LTIP options over 8,000 Ordinary Shares granted in May and September 2010. He subsequently sold 4,600 Ordinary Shares at a price of 1400p per Ordinary Share. Following this transaction, the beneficial shareholding of Chris Redford is 5,095 Ordinary Shares representing 0.04% of the total voting rights of the Company.

Mike Mullins exercised LTIP options over 1,500 Ordinary Shares granted in May 2010. He subsequently sold 2,900 Ordinary Shares at a price of 1400p per Ordinary Share. Following this transaction, the beneficial shareholding of Mike Mullins is nil Ordinary Shares representing 0% of the total voting rights of the Company.

Guy Thompson exercised LTIP options over 37,500 Ordinary Shares granted in September 2010. He subsequently sold 37,500 of Ordinary Shares at a price of 1400p per Ordinary Share. Following this transaction, the beneficial shareholding of Guy Thompson is nil Ordinary Shares representing 0% of the total voting rights of the Company.

For further information, please contact: 

S&U plc                                                    www.suplc.co.uk 

Anthony Coombs, Chairman                                                     0121 705 7777 

Broker and Financial Adviser

Adrian Trimmings/Jamie Cameron          Arden Partners         020 7614 5920

Media and Investor Relations

Will Swan                                                  Smithfield                  020 7360 4900

 

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