Sanderson Group PLC Exercise of Options (0454Q)
June 01 2018 - 7:01AM
UK Regulatory
TIDMSND
RNS Number : 0454Q
Sanderson Group PLC
01 June 2018
FOR IMMEDIATE RELEASE 1 JUNE 2018
SANDERSON GROUP PLC
Exercise of Options
Sanderson Group plc ('Sanderson' or 'the Group'), the software
and IT services business specialising in digital retail technology
and enterprise software for businesses operating in the
manufacturing, wholesale distribution and logistics sectors,
announces an exercise of share options by some employees.
The option exercise amounted to 120,334 in total and included
75,000 which were originally issued under the Sanderson Group EMI
Plan with an exercise price of 71 pence and a further 5,334 under
the same scheme with an exercise price of 70.5 pence. The balance
of 40,000 shares had been issued under the Sanderson Group
Unapproved Company Share Option Plan at an exercise price of 49
pence. Application has been made for the new shares to be admitted
to AIM and admission is expected to take place on 6(th) June
2018.
The new ordinary shares pursuant to the exercise of options will
rank pari passu with the existing Sanderson ordinary shares.
Following allotment of the new ordinary shares, Sanderson will have
in issue 59,906,234 ordinary shares of 10p each. This 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, the share capital of
Sanderson, under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Enquiries:
Sanderson Group plc 0333 123 1400
Christopher Winn, Chairman
Ian Newcombe, Chief Executive
Richard Mogg, Finance Director
N+1 Singer (Nominated Adviser and Broker) 020 7496 3000
Mark Taylor
James White
Walbrook PR Limited 0117 985 8989
Paul Vann or 07768 807631
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END
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