Director's Exercise of Options

RNS Number : 7217T
Sanderson Group PLC
31 March 2016
 

FOR IMMEDIATE RELEASE                                                                                     31 MARCH 2016

 

SANDERSON GROUP PLC

 

Exercise of Options

Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, announces that Adrian Frost has today exercised options over 50,000 ordinary shares ('New Ordinary Shares') under the Group's Unapproved scheme at an exercise price of 10 pence per ordinary share.  It is also announced that Adrian Frost, yesterday sold 30,000 ordinary shares at a price of 79 pence per ordinary share. Following the exercise of these options and sale of shares, Adrian Frost is interested in 267,421 ordinary shares representing 0.49% of the issued share capital of the Group.

The New Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the existing Sanderson ordinary shares.  Application has been made for the New Ordinary Shares to be admitted to AIM and admission is expected to take place on 6 April 2016. Following allotment of the New Ordinary Shares, the Group will have in issue 54,801,985 ordinary shares.  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 Disclosure and Transparency Rules.

 

 

 

Sanderson Group plc                                   0333 123 1400

Christopher Winn, Chairman

Ian Newcombe, Chief Executive Officer

Adrian Frost, Finance Director

 

Panmure Gordon (UK) Limited                  020 7886 2500

Nominated Advisor 

Erik Anderson/Fred Walsh

 

Walbrook PR                                               0117 985 8989

Paul Vann                                                or 07768 807631


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