Exercise of Options, PDMIR Shareholder and TVR

RNS Number : 1156L

Sanderson Group PLC

04 September 2019

 

04 September 2019

SANDERSON GROUP PLC

EXERCISE OF SHARE OPTONS, PDMIR SHAREHOLDER & TOTAL VOTING RIGHTS

Sanderson Group plc ("Sanderson") , the specialist provider of digital technology solutions, innovative software and managed services for the retail, wholesale, supply chain logistics, food and drink processing and manufacturing market sectors, announces that, on 30 August 2019, it issued and allotted a total of 3,877,750 ordinary shares of 10 pence each in the capital of the Company following an exercise of options by certain directors and employees of the Company.

Application has been made to the London Stock Exchange for admission of the 3,877,750 ordinary shares to trading on AIM ("Admission") and it is expected that Admission will take place and that trading will commence on AIM on 5 September 2019.

Following Admission, the Company will have 64,350,234 ordinary Shares in issue with each share carrying the right to one vote. The Company has no ordinary shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 64,350,234.

The details of the exercise of Options by certain Directors are set out below:

Director	Initial Number of Ordinary Shares	Share Options Exercised	Resultant  Ordinary Shares	Resultant Holding (%)
Ian Newcombe	178,750	2,191,750	2,370,500	3.7%
Richard Mogg	0	500,000	500,000	0.8%

Enquiries:

Sanderson Group plc

Christopher Winn, Chairman

Ian Newcombe, Chief Executive

Richard Mogg, Finance Director

Tel:                                                                                                       [phone]

N+1 Singer (Financial Adviser, Nominated Adviser and Corporate Broker to Sanderson)

Mark Taylor

Iqra Amin

Tel:                                                                                                       [phone]

Director Shareholding

1	Details of PDMR/Person Closely Associated with them ('PCA')
(a)	Name	Ian Newcombe
(b)	Position / status	Chief Executive Officer
(c)	Initial notification / amendment	Initial notification
2	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	Ordinary shares of 10p each
	Legal Entity Identifier	213800I78F2ZHZH2T148
(b)	Nature of the transaction	Exercise of Share Options
(c)	Price(s) and volume(s)	Price(s) Volume(s) 25p 1,250,000 72p 123,000 71p 200,000 45.75p 200,000 30p 118,750 23p 300,000
(d)	Aggregated information Aggregated volume Price	N/A - Single transaction
(e)	Date of the transaction	30 August 2019
(f)	Place of the transaction	Outside of a trading venue

Director Shareholding

1	Details of PDMR/Person Closely Associated with them ('PCA')
(a)	Name	Richard Mogg
(b)	Position / status	Group Finance Director
(c)	Initial notification / amendment	Initial notification
2	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	Ordinary shares of 10p each
	Legal Entity Identifier	213800I78F2ZHZH2T148
(b)	Nature of the transaction	Exercise of Share Options
(c)	Price(s) and volume(s)	Price(s) Volume(s) 25p 500,000
(d)	Aggregated information Aggregated volume Price	N/A - Single transaction
(e)	Date of the transaction	30 August 2019
(f)	Place of the transaction	Outside of a trading venue

 

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