Grant of Share Options

RNS Number : 3804U

Sanderson Group PLC

17 January 2017

 

FOR IMMEDIATE RELEASE                                                                                     17 JANUARY 2017           

SANDERSON GROUP PLC

Grant 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 Mr Ian Newcombe, the Group Chief Executive has been granted the option to subscribe for 123,000 new ordinary shares in the Group at an exercise price of 72 pence per share, being the mid-market price at the close of business on Monday 16^th January 2017.  The options are exercisable between 16^th January 2020 and 16^th January 2024.  Following the option grant, Mr Newcombe holds in aggregate options over 1,008,000 Sanderson ordinary shares as detailed below:

No. of options	Exercise price	Earliest exercise date	Expiry date
300,000	23p	21.05.2013	21.05.2020
118,750	30p	29.06.2014	29.06.2018
200,000	45.75p	27.11.2015	27.11.2019
31,250	30p	29.06.2014	29.06.2018
35,000	27.5p	05.04.2014	05.01.2021
200,000	71p	13.12.2016	13.12.2023
123,000	72p	13.01.2020	13.01.2024

Enquiries:

Sanderson Group plc	0333 123 1400
Christopher Winn, Chairman
Ian Newcombe, Chief Executive
Adrian Frost, Finance Director
Singer N+1 - Nominated Advisor and Broker	020 7496 3000
Mark Taylor
Walbrook PR Paul Vann	0117 985 8989 or 07768 807631

 

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