Somero Enterprises Inc. Transactions in Own Shares and RSUs (5395G)
18 March 2020 - 6:00PM
UK Regulatory
TIDMSOM
RNS Number : 5395G
Somero Enterprises Inc.
18 March 2020
Somero Enterprises Inc.
("Somero" or the "Company")
Transactions in Own Shares and Restricted Stock Units
Somero announces that on 17 March 2020 it approved the
settlement of 3,559 Restricted Stock Units (RSU's) in exchange for
an equivalent number of common stock shares of the Company at a
price of 170p, reflecting the close price on the day of settlement,
as permitted under the terms of the 2020 Equity Incentive Plan.
Included in this exchange, the following executive Director
received shares:
Existing holding Awarded under
Name of Common Stock the Plan Resulting Shareholding
------------- ----------------- -------------- -----------------------
John Yuncza 113,051 3,000 116,051
Application will be made to the London Stock Exchange for
admission to trading on AIM of the shares of common stock in the
Company to satisfy this common stock award ("Admission"). Admission
is expected to occur on or about 24 March 2020. The new shares of
common stock will rank pari passu with the existing common stock in
the Company.
In conjunction with this common stock award, the Board of the
Company has approved the cancellation of the equivalent number of
shares held in Treasury.
Unless determined otherwise by the Equity Incentive Plan
administrator, each RSU will be equal to one share of common stock
in the Company and will entitle the Grantee to either shares of
common stock or an amount of cash determined with reference to the
value of shares of common stock at the discretion of the
Company.
Following the above transaction, total outstanding RSUs will
equal 679,366 units and the Company's total issued share capital
will be 56,425,598 with 38,724 shares held in Treasury. Therefore,
the total number of shares with voting rights will be
56,386,874.
For further information, please contact:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO
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)
Kate Bannatyne (Corporate Finance)
Tim Redfern/Richard Chambers (ECM)
Alma PR (Financial PR Advisor) somero@almapr.co.uk
Rebecca Sanders-Hewett +44 (0) 2038 659 667
Susie Hudson
Sam Modlin
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Yuncza
------------------------------- ------------------------------------------
2. Reason for the Notification
---------------------------------------------------------------------------
a) Position/status Chief Financial Officer/ Executive
Director
------------------------------- ------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Somero Enterprises Inc.
------------------------------- ------------------------------------------
b) LEI 549300OQ2P18NRWBIW58
------------------------------- ------------------------------------------
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 ordinary shares of $0.001 each ("Ordinary
Financial instrument, Shares")
type of instrument
Identification code SOM
------------------------------- ------------------------------------------
b) Nature of the transaction Employee Share Award
------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price: 170p
Volume: 3,000
------------------------------- ------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- ------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ------------------------------------------
5. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jesse Aho
------------------------------- ------------------------------------------
6. Reason for the Notification
---------------------------------------------------------------------------
a) Position/status Senior Vice-President of Operations
------------------------------- ------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ------------------------------------------
7. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Somero Enterprises Inc.
------------------------------- ------------------------------------------
b) LEI 549300OQ2P18NRWBIW58
------------------------------- ------------------------------------------
8. 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 ordinary shares of $0.001 each ("Ordinary
Financial instrument, Shares")
type of instrument
Identification code SOM
------------------------------- ------------------------------------------
b) Nature of the transaction Employee Share Award
------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price: 170p
Volume: 559
------------------------------- ------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- ------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
POSSFDEFWESSEID
(END) Dow Jones Newswires
March 18, 2020 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
