Somero Enterprises Inc. Director Holdings / Transaction in Own Shares (7585Z)
17 March 2017 - 6:00PM
UK Regulatory
TIDMSOM
RNS Number : 7585Z
Somero Enterprises Inc.
17 March 2017
Somero Enterprises, Inc ("Somero" or the "Company")
Director Holdings / Transaction in Own Shares
Somero announces that on 16 March 2017, it was notified of the
exercise of 1,312,109 stock options over ordinary shares (the
"Options") by Executive Director and CEO, Jack Cooney and the
further exercise of 85,704 Options by non-Executive Director, Tom
Anderson. The resulting transactions following such exercise took
place on 16 March 2017 and have been approved by the Board and in
accordance with the Company's share dealing code.
In accordance with terms of the Option Buy-Back Program approved
on 15 November 2013, these Options will all be settled for cash
based on a price of 280p per share, reflecting the share price at
close of market on 16 March 2017.
Mr. Cooney's total beneficial holdings in the Company remain
unchanged at 1,414,634 ordinary shares following this option
exercise.
After taking into account the above settlement of Options, there
remain outstanding options over a total of 188,548 ordinary shares
in the Company.
The Company's total issued ordinary share capital is 56,425,598
shares and the Company holds 221,996 of its shares in Treasury and
has 56,203,602 ordinary shares in issue excluding Treasury shares
which was unchanged by the above transaction.
For further information, please contact:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Carl Holmes (Corporate Finance)
Tim Redfern (Corporate Broking)
Redleaf Communications Ltd (Financial PR Advisor) somero@redleafpr.com
Rebecca Sanders-Hewett +44 (0)20 7382 4730
David Ison
Susie Hudson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSFUSSWFWSESD
(END) Dow Jones Newswires
March 17, 2017 03:00 ET (07:00 GMT)
Somero Enterprise (LSE:SOM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Somero Enterprise (LSE:SOM)
Historical Stock Chart
From Jul 2023 to Jul 2024