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S & U PLC - Exercise and Sale of Options, Total Voting Rights

RNS Number : 3959X
S & U PLC
18 December 2019
 

 S & U PLC ("S&U" or "the Company")

Exercise and Sale of Options, Director/PDMR Shareholding and Total Voting Rights

 

18 December 2019

 

Exercise and Sale of Options

 

S&U plc announces that it has today received notice of the exercise of 26,500 options granted to Mr Guy Thompson, a director of S&U plc under the Company's 2010 Long Term Incentive Plan ("LTIP"). These options were exercised at an exercise price of 12.5 pence per share and these 26,500 Ordinary Shares were sold in the market at an average price of 2,091.73 pence per share. Following these transactions the beneficial shareholding of Mr Guy Thompson is nil ordinary shares and he holds 13,500 vested but unexercised ordinary share options. He also holds 6,000 vested shadow share options and 15,000 unvested shadow share options.

 

In total, 26,500 Ordinary Shares were admitted to trading this week pursuant to an existing block listing, and will rank pari pasu with existing Ordinary Shares.

 

Total Voting Rights

 

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 12,106,593. This 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

 

 

John Guy Thompson

 

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

 

 

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 options under the Company's 2010 Long Term Incentive

c)

 

Price(s) and volume(s)

 

 

 

Exercise Price(s)

 

Volume(s)

12.5p

26,500

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

N/A

 

 

 

 

e)

 

Date of the transaction

 

 

18 December 2019

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

 

 

Sale of Ordinary Shares following an exercise of options under the Company's 2010 Long Term Incentive Plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Date

2,090p

10,000

16 December 2019

2,135p

1,000

16 December 2019

2,090p

15,000

17 December 2019

2091.70p

500

18 December 2019

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Aggregated volume: 26,500

 

Volume weighted average price: 2,091.73p

 

 

 

e)

 

Date of the transaction

 

 

16 December 2019, 17 December 2019, 18 December 2019

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

Enquiries:

Anthony Coombs

S&U plc

c/c/o Newgate Communications

 

Financial Public Relations

Bob Huxford, Tom Carnegie, Megan Kovach                        

Newgate Communications    

020 7653 9848

 

 

 

Broker

Adrian Trimmings, Andrew Buchanan, Rishi Shah

 

Peel Hunt LLP

 

020 7418 8900

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: S & U PLC

Price: 1585

Market: LSE
Market Cap: £192.32 m
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