Sanderson Group PLC Exercise of Options (6116Q)
07 June 2018 - 4:01PM
UK Regulatory
TIDMSND
RNS Number : 6116Q
Sanderson Group PLC
07 June 2018
FOR IMMEDIATE RELEASE 7 JUNE 2018
SANDERSON GROUP PLC
Exercise 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, exercised
options over 66,250 ordinary shares on 6 June 2018.
The exercised options include 31,250 with an exercise price of
30 pence and a further 35,000 with an exercise price of 27.5 pence,
both tranches of options were awarded under the Sanderson Group
Company Share Option Plan. Following the option exercise, Mr
Newcombe is interested in 178,750 ordinary shares representing
0.30% of the issued share capital of the Group. Application has
been made for the new shares to be admitted to AIM and admission is
expected to take place on 12 June 2018. Mr Newcombe intends to hold
the shares as part of his longer term investment and commitment to
Sanderson.
The new ordinary shares pursuant to the exercise of options will
rank pari passu with the existing Sanderson ordinary shares.
Following allotment of the new ordinary shares, Sanderson will have
in issue 59,972,484 ordinary shares of 10p each. This figure may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
Sanderson, under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Enquiries:
Sanderson Group plc 0333 123 1400
Christopher Winn, Chairman
Ian Newcombe, Chief Executive
Richard Mogg, Finance Director
N+1 Singer (Nominated Adviser and Broker) 020 7496 3000
Mark Taylor
James White
Walbrook PR Limited 0117 985 8989
Paul Vann or 07768 807631
1 Details of PDMR/person closely associated with them ("PCA")
(a) Name Ian Newcombe
-------------------------- -----------------------------------------
(b) Position / status Chief Executive Officer
-------------------------- -----------------------------------------
(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 of Exercise of Options over 66,250 ordinary
the financial instrument shares of 10p each
-------------------------- -----------------------------------------
Legal Entity Identifier 213800I78F2ZHZH2T148
-------------------------- -----------------------------------------
(b) Nature of the transaction Exercise of options
-------------------------- -----------------------------------------
(c) Price(s) and Exercise price(s) Volume(s)
volume(s) ----------
30p 31,250
27.5p 35,000
----------
-------------------------- -----------------------------------------
(d) Aggregated information n/a
Aggregated volume
Price
-------------------------- -----------------------------------------
(e) Date of the transaction 6 June 2018
-------------------------- -----------------------------------------
(f) Place of the transaction Outside of a trading venue
-------------------------- -----------------------------------------
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END
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