Exercise and Sale of Options, Total Voting Rights

RNS Number : 3959X

S & U PLC

18 December 2019

 

 S & U PLC ("S&U" or "the Company")

Exercise and Sale of Options, Director/PDMR Shareholding and Total Voting Rights

18 December 2019

Exercise and Sale of Options

S&U plc announces that it has today received notice of the exercise of 26,500 options granted to Mr Guy Thompson, a director of S&U plc under the Company's 2010 Long Term Incentive Plan ("LTIP"). These options were exercised at an exercise price of 12.5 pence per share and these 26,500 Ordinary Shares were sold in the market at an average price of 2,091.73 pence per share. Following these transactions the beneficial shareholding of Mr Guy Thompson is nil ordinary shares and he holds 13,500 vested but unexercised ordinary share options. He also holds 6,000 vested shadow share options and 15,000 unvested shadow share options.

In total, 26,500 Ordinary Shares were admitted to trading this week pursuant to an existing block listing, and will rank pari pasu with existing Ordinary Shares.

Total Voting Rights

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 12,106,593. This 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	John Guy Thompson
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	213800QZ1X2A7J64SQ31
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	Exercise of options under the Company's 2010 Long Term Incentive
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) 12.5p 26,500
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	18 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

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	Sale of Ordinary Shares following an exercise of options under the Company's 2010 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Date 2,090p 10,000 16 December 2019 2,135p 1,000 16 December 2019 2,090p 15,000 17 December 2019 2091.70p 500 18 December 2019
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 26,500 Volume weighted average price: 2,091.73p
e)	Date of the transaction	16 December 2019, 17 December 2019, 18 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries:

Anthony Coombs	S&U plc	c/c/o Newgate Communications
Financial Public Relations Bob Huxford, Tom Carnegie, Megan Kovach	Newgate Communications	020 7653 9848
Broker Adrian Trimmings, Andrew Buchanan, Rishi Shah	Peel Hunt LLP	020 7418 8900

 

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