Sanderson Group PLC Grant of Options (3370J)
29 March 2018 - 5:02PM
UK Regulatory
TIDMSND
RNS Number : 3370J
Sanderson Group PLC
29 March 2018
FOR IMMEDIATE RELEASE 29 MARCH 2018
SANDERSON GROUP PLC
Grant of Options
Sanderson Group plc ('Sanderson' or 'the Group'), the software
and IT services business specialising in digital retail technology
and enterprise software for businesses operating in the
manufacturing, wholesale distribution and logistics sectors,
announces that Mr Ian Newcombe, Group Chief Executive Officer and
Mr Richard Mogg, Group Finance Director, have been granted options
to subscribe for a total of 1,750,000 new ordinary shares of 10
pence each ('Ordinary Shares') in the Group. Brief details of the
options awarded are as follows:
Mr Ian Newcombe:
No. of options Option price Earliest exercise date Vesting conditions
500,000 25p 01.01.2019 Financial performance
250,000 25p 01.01.2020 Financial performance
500,000 25p 01.01.2021 Retention
Mr Richard Mogg:
No. of options Option price Earliest exercise date Vesting conditions
125,000 25p 01.01.2019 Financial performance
125,000 25p 01.01.2020 Financial performance
250,000 25p 01.01.2021 Financial performance and retention
None of the above share options are exercisable unless the
mid-price of the Ordinary Shares, as quoted by the London Stock
Exchange AIM market, is above 75 pence and the Ordinary Shares
issued as a result of the exercise of any of the options cannot be
sold before 1 January 2021.
Following the option grant, the above reflects the extent of
options held in aggregate by Mr Mogg. Mr Newcombe holds in
aggregate options over 2,258,000 ordinary shares as detailed
below:
No. of Exercise Earliest exercise Expiry
options price date date
300,000 23p 21.05.2013 21.05.2020
118,750 30p 29.06.2014 29.06.2018
200,000 45.75p 27.11.2015 27.11.2019
31,250 30p 29.06.2014 29.06.2018
35,000 27.5p 05.04.2014 05.01.2021
200,000 71p 13.12.2016 13.12.2023
123,000 72p 17.01.2020 17.01.2024
500,000 25p 01.01.2019 29.03.2028
250,000 25p 01.01.2020 29.03.2028
500,000 25p 01.01.2021 29.03.2028
1 Details of PDMR/person closely associated
with them ("PCA")
---- ----------------------------------------------------
(a) Name Ian Newcombe
---- --------------------- -----------------------------
(b) Position / Chief Executive Officer
status
---- --------------------- -----------------------------
(c) Initial notification Initial notification
/ amendment
---- --------------------- -----------------------------
2 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 Options over ordinary shares
of the financial of 10p each
instrument
---- --------------------- -----------------------------
Legal Entity 213800I78F2ZHZH2T148
Identifier
---- --------------------- -----------------------------
(b) Nature of the Grant of options
transaction
---- --------------------- -----------------------------
(c) Price(s) and Exercise Volume(s)
volume(s) price(s)
---------- ----------
25p 1,250,000
---------- ----------
---- --------------------- -----------------------------
(d) Aggregated n/a
information
Aggregated
volume Price
---- --------------------- -----------------------------
(e) Date of the 29 March 2018
transaction
---- --------------------- -----------------------------
(f) Place of the Outside of a trading venue
transaction
---- --------------------- -----------------------------
1 Details of PDMR/person closely associated
with them ("PCA")
---- ----------------------------------------------------
(a) Name Richard Mogg
---- --------------------- -----------------------------
(b) Position / Group Finance Director
status
---- --------------------- -----------------------------
(c) Initial notification Initial notification
/ amendment
---- --------------------- -----------------------------
2 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 Options over ordinary shares
of the financial of 10p each
instrument
---- --------------------- -----------------------------
Legal Entity 213800I78F2ZHZH2T148
Identifier
---- --------------------- -----------------------------
(b) Nature of the Grant of options
transaction
---- --------------------- -----------------------------
(c) Price(s) and Exercise Volume(s)
volume(s) price(s)
---------- ----------
25p 500,000
---------- ----------
---- --------------------- -----------------------------
(d) Aggregated n/a
information
Aggregated
volume Price
---- --------------------- -----------------------------
(e) Date of the 29 March 2018
transaction
---- --------------------- -----------------------------
(f) Place of the Outside of a trading venue
transaction
---- --------------------- -----------------------------
0333 123
Sanderson Group plc 1400
Christopher Winn, Chairman
Ian Newcombe, Chief Executive
Richard Mogg, Finance Director
Singer N+1 - Nominated Advisor and 020 7496
Broker 3000
Mark Taylor
James White
Walbrook PR 0117 985
Paul Vann 8989
or 07768
807631
This information is provided by RNS
The company news service from the London Stock Exchange
END
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