Source - LSE Regulatory
RNS Number : 3842V
Supreme PLC
01 December 2023
 

1 December 2023

 

Supreme plc

("Supreme" or the "Company" or the "Group")

Grant of Options

and

Director Dealing

 

 

Supreme plc (AIM: SUP), a leading manufacturer, supplier and brand owner of fast-moving consumer products, announces that on 30 November 2023, Suzanne Smith, Chief Finance Officer of the Company, was granted options ("Options") under the Company's Unapproved Share Option Scheme 2021.

The Options entitle Suzanne to acquire up to a maximum of 157,516 ordinary shares of 10p each in the capital of the Company ("Shares") at 10p per Share, subject to the satisfaction of certain stretching performance conditions and continued employment.

The performance conditions for the exercise of the Options are split equally between a total shareholder return per share target and a cumulative adjusted earnings per share target for the three-year period from 1 April 2023 to 31 March 2026.

Following this grant, Suzanne holds options over 455,948 Shares in the Company.

In addition, and on the same date, the Company granted to another employee of the Group Options to acquire up to 58,506 ordinary shares of 10p each on the same basis as above.

Following the grant of the Options, the Company will have options outstanding over 7,511,835 Shares, representing 6.40% of the Company's issued share capital.

Enquiries:

 

Supreme plc

Sandy Chadha, Chief Executive Officer

Suzanne Smith, Chief Finance Officer

 

via Vigo Consulting

Shore Capital (Nominated Adviser and Joint Broker)

Mark Percy / David Coaten / Rachel Goldstein - Corporate Advisory

Ben Canning - Corporate Broking

 

+44 (0)20 7408 4090

Zeus (Joint Broker)

Jordan Warburton / Alex Campbell-Harris - Investment Banking

Benjamin Robertson - Corporate Broking

 

+44 (0)161 831 1512

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Kendall Hill

supreme@vigoconsulting.com

+44 (0)20 7390 0230

 

 

Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

1

 

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Suzanne Smith

2

Reason for the notification

a)

 

Position/status

 

Chief Finance Officer 

b)

 

Initial notification /Amendment

Initial notification

3

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

a)

 

Name

 

Supreme plc

b)

 

LEI

 

  213800DBHCI5WQWECL16

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

 

Ordinary Shares of 10p each

Identification code

  GB00BDT89C08



b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

Price per share

Volume

n/a

157,516

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

30 November 2023

f)

Place of transaction

Outside a trading venue

 

 

About Supreme

 

Supreme supplies products across five categories; Batteries, Lighting, Vaping, Sports Nutrition & Wellness, and Branded Distribution. The Company's capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities. This vertically integrated platform provides an excellent route to market for well-known brands and products.

 

The Group has over 3,300 active business accounts with retail customers who manage over 10,000 branded retail outlets. Customers include B&M, Home Bargains, Poundland, Tesco, Sainsburys, Morrisons, Amazon, The Range, Costcutter, Asda, Halfords, Iceland and HM Prison & Probation Service.

 

In addition to distributing globally-recognised brands such as Duracell, Energizer and Panasonic, and supplying lighting products exclusively under the Energizer, Eveready, Black & Decker and JCB licences across 45 countries, Supreme has also developed brands in-house, most notably 88Vape and has a growing footprint in Sports Nutrition and Wellness via its principal brands Sci-MX and Battle Bites.

 

https://investors.supreme.co.uk/

 

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END
 
 
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