Director/PDMR Shareholding

RNS Number : 4105Z

Somero Enterprises Inc.

05 February 2014

 



Somero Enterprises, Inc ® (the "Company")
5 February 2014
DIRECTOR SHAREHOLDING
On 5 February 2014, the Board of the Company approved awards to the following non- executive directors under the terms of Somero's 2010 Equity Incentive Plan ("Equity Incentive Plan") at a price of 115 pence per restricted stock unit (RSU) being the closing price on 5 February 2013.
Name	Number of outstanding shares currently held	Number of RSU awarded
Thomas M. Anderson	None	1,398 shares
Lawrence L. Horsch	152,000 shares	1,958 shares
Ronald Maskalunas	None	1,398 shares
The number of RSU awarded was a total grant of 4,754 units.  The decision to grant these awards was made subsequent to the most recent grant to executive directors and is made in lieu of any cash increase to the non-executive directors' annual fees for the second consecutive year. The number of shares referred to is the maximum available under the grant. The awarded shares will vest on the third anniversary of the grant and require continued employment for the period. The participating directors will, following the end of the vesting period, be notified as to the extent to which this condition has been met and their awards have vested.
Should an award vest then each restricted stock unit will be satisfied by the issue to the employee of one ordinary share in the Company.
The Company's total issued share capital is 56,425,598 ordinary shares.

Enquires:

Canaccord Genuity Limited (Nominated Adviser & Broker)             Tel: [phone]

Chris Robinson

Piers Coombs

 

END

 

 

RDSLLFSDFLIEIIS