Source - LSE Regulatory
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: +44 (0)20 7383 5100


Philip Secrett/Samantha Harrison/Harrison Clarke/Seamus Fricker






Berenberg (Broker)

Tel: +44 (0)20 3207 7800


Chris Bowman/Mark Whitmore/Jen Clarke/Samuel Parry






Vigo Communications (PR adviser to the Group)

Tel: +44 (0)20 7390 0230


Jeremy Garcia



Antonia Pollock



 

 

 

Details of the person discharging managerial responsibilities / person closely associated  

 

a)  

 

Name  

 

 

Suzanne Smith 

 

 

Reason for the notification  

 

a)  

 

Position/status  

 

 

Director, Chief Financial Officer 

b)  

 

Initial notification /Amendment  

 

 

Initial 

 

 

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

 

a)  

 

Name  

 

 

Supreme plc 

b)  

 

LEI  

 

 

213800DBHCI5WQWECL16 

 

 

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 

 

 

 

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END
 
 
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