S & U PLC Exercise of Options and Directors' Shareholdings (1805H)
06 June 2017 - 12:01AM
UK Regulatory
TIDMSUS
RNS Number : 1805H
S & U PLC
05 June 2017
S & U PLC ("S&U" or "the Company")
Exercise of Options and Directors' Shareholdings
5 June 2017
S&U plc announces that it has today received due notice of
exercise in respect of options granted to a director under the
Company's 2010 Long Term Incentive Share Option Plan ("LTIP").
The LTIP notice was in respect of a total of 2,000 ordinary
shares of 12.5p each ("Ordinary Shares") at the exercise price of
12.5 pence per share. These 2,000 Ordinary Shares were admitted to
trading on 5 June 2017 pursuant to an existing block listing
granted to the Company by London Stock Exchange plc and will rank
pari passu with existing Ordinary Shares.
Mr Chris Redford, a director exercised his entitlement over
2,000 Ordinary Shares from his LTIP awards. He retained these 2,000
Ordinary Shares which will be immediately transferred to his wife
Tina Redford at nil cost. Following these transactions, the
beneficial shareholding of Chris Redford is 11,000 Ordinary Shares
representing 0.09% of the enlarged ordinary share capital.
Following the issue of these Ordinary Shares, the total number
of voting rights in S&U is 11,978,709, which number should be
used by shareholders and other parties subject to disclosure
obligations as the denominator for the calculations by which they
determine if they are required to notify their interest in or a
change to their interest in the share capital of S&U under the
FCA's Disclosure and Transparency rules.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Chris Redford
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status PDMR - Finance Director
--- ------------------------- ---------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name S & U PLC
--- ------------------------- ---------------------------------
b) LEI
--- ------------------------- ---------------------------------
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 Ordinary shares of 12.5p
the financial each
instrument, type
of instrument
ISIN : GB0007655037
Identification
code
--- ------------------------- ---------------------------------
b) Nature of the Exercise of ordinary share
transaction options by Chris Redford
under the company's long
term incentive plan
--- ------------------------- ---------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
------------------ ----------
12.5p 2,000
------------------ ----------
--- ------------------------- ---------------------------------
d) Aggregated information Exercise Price(s) Volume(s)
------------------ ----------
12.5p 2,000
- Aggregated volume ------------------ ----------
- Price
--- ------------------------- ---------------------------------
e) Date of the transaction 5 June 2017
--- ------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------- ---------------------------------
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 Ordinary shares of 12.5p
the financial each
instrument, type
of instrument
ISIN : GB0007655037
Identification
code
--- ------------------------- -----------------------------
b) Nature of the Transfer of shares to Tina
transaction Redford at nil cost
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
nil 2,000
---------- ----------
--- ------------------------- -----------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
nil 2,000
- Aggregated volume ---------- ----------
- Price
--- ------------------------- -----------------------------
e) Date of the transaction 5 June 2017
--- ------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Tina Redford, PCA of Chris
Redford
--- ------------------------- ------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PCA
--- ------------------------- ------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name S & U PLC
--- ------------------------- ------------------------------
b) LEI
--- ------------------------- ------------------------------
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 Ordinary shares of 12.5p
the financial each
instrument, type
of instrument
ISIN : GB0007655037
Identification
code
--- ------------------------- ------------------------------
b) Nature of the Transfer of shares from Chris
transaction Redford at nil cost
--- ------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
nil 2,000
---------- ----------
--- ------------------------- ------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
nil 2,000
- Aggregated volume ---------- ----------
- Price
--- ------------------------- ------------------------------
e) Date of the transaction 5 June 2017
--- ------------------------- ------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------- ------------------------------
For further information, please contact:
Anthony Coombs, Chairman S&U plc (www.suplc.co.uk) 0121 705 7777
Broker and Financial Adviser
Adrian Trimmings, Rishi Shah Peel Hunt 0207 418 8900
Media and Investor Relations
Ged Brumby Smithfield 0203 047 2476
This information is provided by RNS
The company news service from the London Stock Exchange
END
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