SDL PLC Application for Admission & Exercise of Awards (3817I)
May 29 2014 - 10:30AM
UK Regulatory
TIDMSDL
RNS Number : 3817I
SDL PLC
29 May 2014
29 May 2014
Application for Admission, Exercise of Awards and Total Voting
Rights
SDL plc (the "Company")
Application has been made to the UK Listing Authority and the
London Stock Exchange for admission to (i) the Official List and
(ii) to trading on the London Stock Exchange's markets for an
admission of securities in respect of 94,340 Ordinary Shares of 1p
each ("New Ordinary Shares"), The New Ordinary Shares, which will
rank pari passu in all respects with the existing ordinary shares
in issue, are expected to be admitted to The Official List and to
trading on The London Stock Exchange on 30 May 2014.
The New Ordinary Shares will partially satisfy the Conditional
Award made to Mark Lancaster, Chief Executive Officer of the
Company, which vested on 17 January 2014 for nil consideration
pursuant to a Conditional Award originally made on 17 January 2011,
see table below for more details. The balance of the award will be
satisfied from existing blocklistings.
Furthermore, the Company announces that on 23 May 2014 Mark
Lancaster, Chief Executive Officer, elected to retain 136,314
shares of the 341,510 shares realised from the exercise of grants
made to him in April 2005 and January 2011 - see table below for
more details. He sold205,196 ordinary shares at a price of 313.1
pence per share to fund the exercise costs and related income tax
liabilities.
Date of award No. of Ordinary Shares Per Share Consideration
vested
----------------------------- --------------------------- ----------------------------
Share Option Plan (1999) 200,000 GBP1.1933
- 4 April 2005
----------------------------- --------------------------- ----------------------------
Conditional Award - 141,510 nil
17 January 2011
----------------------------- --------------------------- ----------------------------
Following the disposal on the 23 May and the exercise of the
above grants, Mark Lancaster's total holding in the Company
including connected persons is 1,338,308 shares representing 1.65%
of the issued share capital.
In accordance with the FCA's Disclosure and Transparency Rule
5.6.1(R) SDL PLC confirms that the total number of ordinary shares
in issue at the date of this notice is 80,951,886 with each share
carrying the right to one vote. No ordinary shares are held in
treasury. Therefore, the total number of voting rights in the
company is 80,951,886.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, SDL PLC under the FCA's Disclosure and Transparency Rules.
Name of authorised company official responsible for making this
notification.
Pamela Pickering
Company Secretary, SDL PLC
This information is provided by RNS
The company news service from the London Stock Exchange
END
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