Grant of Options under 2021 SAYE Scheme

RNS Number : 9049S

Supreme PLC

19 March 2021

 

19 March 2021

Supreme plc
("Supreme" or the "Company" or the "Group")

Grant of Options under 2021 SAYE Scheme

Supreme plc (AIM: SUP), a leading manufacturer, supplier and brand owner of fast-moving consumer products announces the grant of options to employees under its Sharesave Option Scheme for 2021 (the "SAYE Scheme"). Full details are set out in the Company's AIM Admission Document. Grants under the SAYE Scheme may be made by the Company as subscription options.

All employees of the Group (including executive directors) as at 3 March 2021 (the "Eligible Employees") have been invited to participate in the SAYE Scheme.

Eligible Employees were invited to subscribe for options over Supreme's ordinary shares of 10p each ("Shares") with an exercise price of 1.52p, which represents a 20% discount to the closing middle market price of 190p per Share ("Options") on 2 March 2021, being the trading day before the invitation for employees to participate was made. Other than in the case of a takeover or demerger or similar event, an option will generally be exercisable by the holder in relation to the SAYE Scheme within the 6 month period after the bonus becomes payable on his or her relevant savings contract. Any option not so exercised will lapse. There are no conditions of exercise in relation to options granted under the SAYE Scheme.

A total of 100 Eligible Employees elected to participate in the SAYE Scheme, including and pursuant to these elections, options over a total of 438,620 Shares have been granted representing 0.38% of the Company's current issued share capital.

Suzanne Smith, Chief Financial Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the SAYE Scheme she has 11,842 Shares under Option.

Following the SAYE Scheme grants to Eligible Employees including Suzanne Smith, the Company will have options outstanding over 6,677,271 shares, representing 5.73% of the Company's issued share capital (plus a further 1,667,722 for options granted prior to Admission representing a further 1.43% of the Company's issued share capital). 

Contacts

Supreme plc
Sandy Chadha, Chief Executive Officer	via Vigo Communications
Suzanne Smith, Chief Financial Officer
Grant Thornton (Nominated Adviser)	Tel: [phone]
Philip Secrett/Samantha Harrison/Harrison Clarke/Seamus Fricker
Berenberg (Broker)	Tel: [phone]
Chris Bowman/Mark Whitmore/Jen Clarke/Samuel Parry
Vigo Communications (PR adviser to the Group)	Tel: [phone]
Jeremy Garcia
Antonia Pollock

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Suzanne Smith
2	Reason for the notification
a)	Position/status	Director, Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Supreme plc
b)	LEI	213800DBHCI5WQWECL16
4	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, type of instrument	Ordinary shares
	Identification code	GB00BDT89C08
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	11,842
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	18 March 2021
f)	Place of the transaction	Outside a trading venue

 

END

 

 

DSHUKAORARUOAAR