Source - RNS
RNS Number : 9634M
S & U PLC
19 October 2016
 

 S & U PLC ("S&U" or "the Company")

Exercise of Options and Sale and Purchase of Shares/Directors' Shareholdings

19 October 2016

 

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 12,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. These 12,000 Ordinary Shares were admitted to trading on 19 October 2016 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 12,000 Ordinary Shares from his LTIP awards. He subsequently sold 12,000 Ordinary Shares at a price of 2500p per Ordinary Share. Following these transactions, the beneficial shareholding of Chris Redford is 7,595 Ordinary Shares representing 0.06% of the enlarged ordinary share capital.

 

Mr Graham Coombs, Deputy Chairman, acquired 6,000 Ordinary Shares at a price of 2500p bringing his shareholding (including beneficial shareholdings) to 1,577,457 Ordinary Shares representing 13.2 per cent of the enlarged ordinary share capital.

 

In addition to the above holdings, Grevayne Properties Limited, a Company beneficially controlled by Anthony Coombs and Graham Coombs, hold 298,048 Ordinary Shares representing 2.5% of the enlarged ordinary share capital.

 

  

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,962,042, 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

 

 

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

 

 


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

 

 

Sale of ordinary shares following an exercise of share options under the Company's 2010 Long Term Incentive Share Option Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

2500p

 

12,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A (Single transaction)

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

19 October 2016

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Graham Coombs

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Deputy Chairman

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

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

2500p

 

6,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A (Single transaction)

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

19 October 2016

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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