Exercise of Options and Trading Update

RNS Number : 9231Q

Sanderson Group PLC

27 October 2011

 



For immediate release                                                                                                                                                      27 October 2011

SANDERSON GROUP PLC

Exercise of Options and Trading Update

Exercise of Options

Sanderson Group plc ('Sanderson' or the 'Group'), the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, announces that 142,000 ordinary shares ('New Ordinary Shares') have been issued to a former employee as a result of the exercise of options under a Long Term Incentive Plan ("LTIP").  Application has been made for the new shares to be admitted to AIM and admission is expected to take place on  1st November 2011. 

The New Ordinary Shares will rank pari passu with the existing Sanderson ordinary shares.  Following allotment of the New Ordinary Shares, Sanderson will have in issue 43,525,946 ordinary shares.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Sanderson under the Disclosure and Transparency Rules.

Trading Update

During the first week of November, the Group will, as usual, provide investors with a Pre-Close Trading Update for the financial year ending 30^th September 2011.  The update will confirm that the Group's trading is in line with market expectations.

The Preliminary Announcement of the Group's Results for the year ending 30^th September 2011 is expected to be made during the last week of November or the first week of December.

Sanderson Group plc	02476 555466
Christopher Winn, Chairman
Adrian Frost, Finance Director
Charles Stanley Securities - Nominated Advisor and Broker	020 7149 6000
Mark Taylor/Darren Vickers
Winningtons Financial Paul Vann	0117 985 8989

 

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