TIDMSOM

RNS Number : 2559Q

Somero Enterprises Inc.

08 September 2017

Somero Enterprises, Inc ("Somero" or the "Company")

Transaction in Own Shares

Somero announces that on Thursday, 7 September 2017, the Company approved a transaction in respect of employee share schemes.

In accordance with the option buy-back programme, approved on 15 November 2013, 154,268 options over ordinary shares have been bought back and cancelled from Non-Executive Director, Lawrence Horsch. The options were bought back at a price of 295p per share, reflecting the share price at close of market on 7 September 2017.

After taking into account the above buy back of options, there remain outstanding share options over a total of 17,141 ordinary shares in the Company.

The Company's total issued ordinary share capital is 56,425,598 shares and the Company holds 183,477 of its shares in Treasury and has 56,242,121 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

Elisabeth Cowell +44 (0)20 7382 4730

David Ison

This information is provided by RNS

The company news service from the London Stock Exchange

END

POSSSDFFAFWSEEU

(END) Dow Jones Newswires

September 08, 2017 07:30 ET (11:30 GMT)

Somero Enterprise (LSE:SOM)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Somero Enterprise Charts.
Somero Enterprise (LSE:SOM)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Somero Enterprise Charts.