Exercise of Share Options

RNS Number : 2705D

Sanderson Group PLC

30 January 2018

 

FOR IMMEDIATE RELEASE                                                                               30 JANUARY 2018

SANDERSON GROUP PLC

Exercise of Options

Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors, announces that employees have exercised options over 165,000 ordinary shares.  These options were issued under the Group's EMI scheme at an exercise price of 57.5 pence per share.  Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 2 February 2018.

The new ordinary shares pursuant to the exercise of options will rank pari passu with the existing Sanderson ordinary shares.  Following allotment of the new ordinary shares, Sanderson will have in issue 59,226,321 ordinary shares of 10p each.  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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

Sanderson Group plc	0333 123 1400
Christopher Winn, Chairman
Ian Newcombe, Chief Executive
Richard Mogg, Finance Director
N+1 Singer (Nominated Adviser and Broker)	020 7496 3000
Mark Taylor James White
Walbrook PR Limited Paul Vann	0117 985 8989 or 07768 807631

 

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