S & U PLC Exercise and Sale of Options (7447A)
09 June 2016 - 8:22PM
UK Regulatory
TIDMSUS
RNS Number : 7447A
S & U PLC
09 June 2016
S & U PLC ("S&U" or "the Company")
Exercise and Sale of Options
9 June 2016
S&U plc announces that it has yesterday received due notices
of exercise in respect of options granted to a member of senior
management under the Company's 2010 Long Term Incentive Plan
("LTIP"). The notices were in respect of a total of 2,667 ordinary
shares of 12.5p each ("Ordinary Shares") at the exercise price of
12.5 pence per share. These 2,667 Ordinary Shares were admitted to
trading on 8 June 2016 pursuant to an existing block listing
granted to the Company by London Stock Exchange plc and will rank
pari pasu with existing Ordinary Shares. These shares were sold in
the market at a price of GBP23.50 per share.
Following the issue of these Ordinary Shares, the total number
of voting rights in S&U is 11,950,042, 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.
For further information, please contact:
Anthony Coombs, Chairman S&U plc (www.suplc.co.uk) 0121 705
7777
Broker and Financial Adviser
Chris Hardie Arden Partners 0207 614 5917
Media and Investor Relations
Will Swan Smithfield 0207 360 4900
This information is provided by RNS
The company news service from the London Stock Exchange
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June 09, 2016 06:22 ET (10:22 GMT)