Somero Enterprises Inc. Transaction in Restricted Stock Units (2340W)
February 07 2017 - 5:55AM
UK Regulatory
TIDMSOM
RNS Number : 2340W
Somero Enterprises Inc.
07 February 2017
Somero Enterprises, Inc.
("Somero" or the "Company")
Transaction in Restricted Stock Units (RSUs)
Somero announces that on Monday, 6 February 2017, it approved
the settlement in cash of Restricted Stock Units (RSUs) for
Lawrence Horsch and Thomas Anderson, both Non-Executive Directors
of the Company. This transaction resulted in 3,356 RSUs being
settled for cash at a price per share of 254p under the terms of
the Somero 2010 Equity Incentive Plan.
Of the 3,356 RSUs being settled for cash, 1,958 RSUs were held
by Lawrence Horsch and 1,398 were held by Thomas Anderson.
The price and exchange rates used for the cash settlement of the
RSUs reflect the closing price and exchange rates on the 3 year
vesting date of the RSUs.
After taking into account the above cash settlement of RSU
units, there remain outstanding RSUs equal to 257,287 units.
As a result of the transaction, there were no changes to Mr.
Horsch's or Mr. Anderson's beneficial interest in Somero.
The Company's total issued ordinary share capital is 56,425,598
shares. 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.
Enquiries:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD & 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
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