Replacement: Director/PDMR Shareholding

RNS Number : 0361J

S & U PLC

06 June 2014

 



The following amendment has been made to the 'Exercise of Options and Director/PDMR Shareholdings' announcement released on 4^th June 2014 at 16:50 under RNS No 8717I. 

The end of the seventh paragraph was altered to read as follows:

Following this transaction, the beneficial shareholding of Mike Thompson is nil Ordinary Shares representing 0% of the total voting rights of the Company.  

All other details remain unchanged.

The full amended text is shown below.

 S & U PLC ("S&U" or "the Company")

Exercise of Options and Director/PDMR Shareholdings

S&U plc announces that it has today received due notices of exercise in respect of options granted under the Company's 2010 Long Term Incentive Plan ("LTIP"). The notices were in respect of a total of 20,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 1892 pence per share.

These Ordinary Shares (the "Option Shares") have been issued and allotted by the Company and rank pari passu with the Company's existing issued Ordinary Shares. The Option Shares were admitted to trading on 4 June 2014 pursuant to an existing block listing granted to the Company by London Stock Exchange plc.

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,833,425, 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 FCA's Disclosure and Transparency rules.

The following Executive Directors exercised share options and sold Ordinary Shares on 4 June 2014.

Chris Redford exercised LTIP options over 3,500 Ordinary Shares granted in May 2011. He subsequently sold 2,500 Ordinary Shares at a price of 1892p per Ordinary Share and transferred 1,000 S&U Ordinary Shares at nil cost to his wife Tina Redford. Following these transactions, the beneficial shareholding of Chris Redford is 6,095 Ordinary Shares representing 0.05% of the total voting rights of the Company.

Mike Mullins exercised LTIP options over 4,000 Ordinary Shares granted in May 2011. He subsequently sold 4,000 Ordinary Shares at a price of 1892p 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.

Mike Thompson exercised LTIP options over 2,500 Ordinary Shares granted in May 2011. He subsequently sold 2,500 Ordinary Shares at a price of 1892p per Ordinary Share. Following this transaction, the beneficial shareholding of Mike Thompson is nil Ordinary Shares representing 0% of the total voting rights of the Company.

Guy Thompson exercised LTIP options over 7,500 Ordinary Shares granted in May 2011. He subsequently sold 7,500 of Ordinary Shares at a price of 1892p 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                                     Arden Partners         020 7614 5920

Media and Investor Relations

Will Swan                                                  Smithfield                  020 7360 4900

 

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