S & U PLC Exercise of Options and Directors' Shareholdings (7218D)
October 11 2018 - 4:21AM
UK Regulatory
TIDMSUS
RNS Number : 7218D
S & U PLC
11 October 2018
11 October 2018
S & U PLC ("S&U" or "the Company")
Exercise of Options and Directors' Shareholdings
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 5,000 ordinary
shares of 12.5p each ("Ordinary Shares") at the exercise price of
12.5 pence per share. These 5,000 Ordinary Shares were admitted to
trading on 11 October 2018 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
5,000 Ordinary Shares from his LTIP awards. He retained these 5,000
Ordinary Shares which together with 3,795 Ordinary Shares from his
existing holding will be immediately transferred to his wife Tina
Redford at nil cost. Following these transactions, the beneficial
shareholding of Chris Redford is 16,000 Ordinary Shares
representing 0.13% of the enlarged ordinary share capital.
Following the issue of these Ordinary Shares, the total number
of voting rights in S&U is 12,011,426, 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 213800QZ1X2A7J64SQ31
--------------------------- --------------------------------------
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 12.5p each
financial instrument,
type of instrument
ISIN : GB0007655037
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Exercise of ordinary share 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 5,000
----------
--------------------------- --------------------------------------
d) Aggregated information Exercise Price(s) Volume(s)
12.5p 5,000
----------
- Aggregated volume
- Price
--------------------------- --------------------------------------
e) Date of the transaction 11 October 2018
--------------------------- --------------------------------------
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 the Ordinary shares of 12.5p each
financial instrument,
type of instrument
ISIN : GB0007655037
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Transfer of shares to Tina Redford
at nil cost
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 8,795
----------
---------------------------- -------------------------------------
d) Aggregated information Price(s) Volume(s)
nil 8,795
----------
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 11 October 2018
---------------------------- -------------------------------------
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 the Ordinary shares of 12.5p each
financial instrument,
type of instrument
ISIN : GB0007655037
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Transfer of shares from Chris Redford
at nil cost
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 8,795
----------
--------------------------- --------------------------------------
d) Aggregated information Price(s) Volume(s)
nil 8,795
----------
- Aggregated volume
- Price
--------------------------- --------------------------------------
e) Date of the transaction 11 October 2018
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
Enquiries:
Anthony Coombs S&U plc c/o Newgate Communications
Financial Public Relations
Bob Huxford, Imogen Humphreys Newgate Communications 020 7653 9848
Broker
Adrian Trimmings, Rishi
Shah Peel Hunt LLP 020 7418 8900
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
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