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S & U PLC (SUS)

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Thursday 11 October, 2018

S & U PLC

Exercise of Options and Directors' Shareholdings

RNS Number : 7218D
S & U PLC
11 October 2018
 

11 October 2018

 S & U PLC ("S&U" or "the Company")

Exercise of Options and Directors' Shareholdings

 

S&U plc announces that it has today received due notice of exercise in respect of options granted to a director under the Company's 2010 Long Term Incentive Share Option Plan ("LTIP").

 

The LTIP notice was in respect of a total of 5,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. These 5,000 Ordinary Shares were admitted to trading on 11 October 2018 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari passu with existing Ordinary Shares.

 

Mr Chris Redford, a director exercised his entitlement over 5,000 Ordinary Shares from his LTIP awards. He retained these 5,000 Ordinary Shares which together with 3,795 Ordinary Shares from his existing holding will be immediately transferred to his wife Tina Redford at nil cost. Following these transactions, the beneficial shareholding of Chris Redford is 16,000 Ordinary Shares representing 0.13% of the enlarged ordinary share capital.

 

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 12,011,426, which number should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the share capital of S&U under the FCA's Disclosure and Transparency rules.

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Chris Redford

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR - Finance Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

S & U PLC

b)

 

LEI

 

 

213800QZ1X2A7J64SQ31

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

 

Identification code

 

 

Ordinary shares of 12.5p each

 

 

ISIN :   GB0007655037

 

b)

 

Nature of the transaction

 

 

Exercise of ordinary share options by Chris Redford under the company's long term incentive plan

c)

 

Price(s) and volume(s)

 

 

 

Exercise Price(s)

 

Volume(s)

12.5p

 

5,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Exercise Price(s)

 

Volume(s)

12.5p

 

5,000

 

 

e)

 

Date of the transaction

 

 

11 October 2018

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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

 

Identification code

 

 

Ordinary shares of 12.5p each

 

 

ISIN :   GB0007655037

 

b)

 

Nature of the transaction

 

 

Transfer of shares to Tina Redford at nil cost

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

nil

 

8,795

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Price(s)

 

Volume(s)

nil

 

8,795

 

 

e)

 

Date of the transaction

 

 

11 October 2018

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Tina Redford, PCA of Chris Redford

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

S & U PLC

b)

 

LEI

 

 

 

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

 

Identification code

 

 

Ordinary shares of 12.5p each

 

 

ISIN :   GB0007655037

 

b)

 

Nature of the transaction

 

 

Transfer of shares from Chris Redford at nil cost

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

nil

 

8,795

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Price(s)

 

Volume(s)

nil

 

8,795

 

 

e)

 

Date of the transaction

 

 

11 October 2018

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

Enquiries:

Anthony Coombs

S&U plc

c/o Newgate Communications

Financial Public Relations

Bob Huxford, Imogen Humphreys                        

Newgate Communications      

020 7653 9848

 

Broker

Adrian Trimmings, Rishi Shah

Peel Hunt LLP

020 7418 8900

 

 


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