Sumo Group PLC Share Incentive Plan Awards, PDMR and TVR (7035U)
July 16 2018 - 2:00AM
UK Regulatory
TIDMSUMO
RNS Number : 7035U
Sumo Group PLC
16 July 2018
16 July 2018
Sumo Group plc
("Sumo Group" or the "Company")
Awards under The Sumo Group plc Share Incentive Plan,
PDMR dealings and Total Voting Rights
The Company announces that it received notification on 13 July
2018 from Link Market Services Trustees Limited (the "SIP Trustee")
that the SIP Trustee awarded a total of 93,741 ordinary shares of
1p each in the Company ("Ordinary Shares") to participants in The
Sumo Group plc Share Incentive Plan (the "SIP") details of which
are set out in the Company's admission document.
The award comprises of Free Shares, Partnership Shares and
Matching Shares, each as defined in the Company's admission
document. Under the terms of the SIP, each eligible employee can
contribute from monthly salary to purchase Partnership Shares and
the Company matches these by awarding one Matching Share for each
three Partnership Shares purchased. In addition, each eligible
employee is entitled to receive a one-off award of 200 Free
Shares.
In respect of the Free Shares and Matching Shares, the SIP award
has been satisfied by the issue of 83,856 new Ordinary Shares to
the SIP Trustee at a subscription price of 1p per share, being the
nominal value of the shares. The SIP Shares shall rank equally with
the existing issued shares of the Company. The SIP Shares will be
allocated out of the shares which were the subject of the block
listing announced on 5 July 2018.
In respect of the Partnership Shares, the SIP Trustee has
purchased a total of 9,885 Ordinary Shares at a price of 175p per
share.
PDMR Dealing
As participants in the SIP, the Executive Directors are deemed
to have an interest in the shares awarded to them and held by the
SIP Trustee. Details of the awards under the SIP to Persons
Discharging Managerial Responsibility ("PDMR") are set out
below:
Total % of
Partnership Matching Total Share Issued
PDMR Shares Shares Free Share Holding Share
Shares Award Post Capital
Award
--------- ------------- ---------- -------- ------- ---------- ---------
Carl
Cavers 1,028 342 200 1,570 6,603,477 4.41%
--------- ------------- ---------- -------- ------- ---------- ---------
David
Wilton 1,028 342 200 1,570 51,570 0.03%
--------- ------------- ---------- -------- ------- ---------- ---------
Total Voting Rights
The issued share capital of the Company following the issue of
shares described above is 149,702,591 Ordinary Shares. The total
number of voting rights in Sumo Group is 149,702,591 Ordinary
Shares, which should be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interests in or a change to their interests in Sumo
Group under the Financial Conduct Authority's Disclosure and
Transparency Rules.
The information set out below is provided in accordance with the
requirements of Regulation 19(3) of the EU Market Abuse Regulation
No 596/2014:
1. Details of PDMR / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name (i) Carl Cavers
(ii) David Wilton
--- ------------------------------------------------ ---------------------------------------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position / status (i) Chief Executive Officer
(ii) Chief Financial Officer
--- ------------------------------------------------ ---------------------------------------------------------------
b) Initial notification /amendment Initial notification
--- ------------------------------------------------ ---------------------------------------------------------------
3. Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name Sumo Group plc
--- ------------------------------------------------ ---------------------------------------------------------------
b) LEI 213800LTZXJCG5QKIM14
--- ------------------------------------------------ ---------------------------------------------------------------
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 financial instrument Ordinary Shares of 1p each
--- ------------------------------------------------ ---------------------------------------------------------------
b) Identification code of the Financial Instrument ISIN for Sumo Group plc: GB00BD3HV384
--- ------------------------------------------------ ---------------------------------------------------------------
c) Nature of the transaction Acquisition of Ordinary Shares in Sumo Group plc as under SIP
by the SIP Trustees pursuant
to the SIP
--- ------------------------------------------------ ---------------------------------------------------------------
d) Price(s) and volume(s) Price Volume
(i) Free Shares 0p 200
Partnership Shares
175p 1,028
Matching Shares 0p 342
(ii) Free Shares 0p 200
Partnership Shares
175p 1,028
Matching Shares 0p 342
--- ------------------------------------------------ ---------------------------------------------------------------
e) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------------------------------ ---------------------------------------------------------------
f) Date of the transaction 13 July 2018
--- ------------------------------------------------ ---------------------------------------------------------------
g) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------------------------ ---------------------------------------------------------------
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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