Director/PDMR Shareholding

RNS Number : 5026A

Somero Enterprises Inc.

21 March 2013

 



Press Announcement
FOR IMMEDIATE RELEASE
21 March 2013
Somero Enterprises, Inc ® (the "Company")
DIRECTOR SHAREHOLDING
On 13 March 2013, the Board of the Company approved awards to the following executive directors under the terms of Somero's 2010 Equity Incentive Plan ("Equity Incentive Plan") at a price of 50 pence per restricted stock unit (RSU) being the closing price on 13 March 2013.
Name	Number of outstanding shares currently held	Number of RSU awarded
Thomas M. Anderson	None	4,391 shares
John T. Cooney	4,191,502 shares	149,046 shares
Lawrence L. Horsch	128,000 shares	6,149 shares
Ronald Maskalunas	None	4,391 shares
Michael F. Niemela	108,166 shares	76,477 shares
The number of RSU awarded was a total grant of 240,454 units.  The number of shares referred to is the maximum available under the grant. The awarded shares will vest on the third anniversary of the grant and require continued employment for the period. The participating directors will, following the end of the vesting period, be notified as to the extent to which this condition has been met and their awards have vested.
Should an award vest then each restricted stock unit will be satisfied by the issue to the employee of one ordinary share in the Company.
The Company's total issued share capital is 56,425,598 ordinary shares.

Enquires: Canaccord Genuity Limited Piers Coombs [phone] Chris Robinson [phone]

 

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