Sumo Group PLC Share Incentive Plan Awards to PDMRs (9934Y)
May 14 2019 - 7:18AM
UK Regulatory
TIDMSUMO
RNS Number : 9934Y
Sumo Group PLC
14 May 2019
14 May 2019
Sumo Group plc
("Sumo Group" or the "Company")
Awards under The Sumo Group plc Share Incentive Plan to
PDMRs
The Company announces that it received notification on 14 May
2019 from Link Market Services Trustees Limited (the "SIP Trustee")
that the SIP Trustee awarded ordinary shares of 1p each in the
Company ("Ordinary Shares") to executive directors under the Sumo
Group plc Share Incentive Plan (the "SIP") on 13 May 2019.
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 respect of the Matching Shares, the SIP award has been
satisfied by the allocation of shares held by the SIP Trustee from
lapsed awards previously held by other participants.
In respect of the Partnership Shares, the SIP Trustee has
purchased a total of 3,686 Ordinary Shares at a price of 146.5 p
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 Share % of Issued
Partnership Matching Total Holding Share Capital
PDMR Shares Shares Share Award Post Award
Carl Cavers 1,229 410 1,639 6,605,116 4.4%
------------- ---------- ------------- ------------ ---------------
David Wilton 1,229 410 1,639 65,709 0.04%
------------- ---------- ------------- ------------ ---------------
Paul Porter 1,228 409 1,637 6,203,728 4.13%
------------- ---------- ------------- ------------ ---------------
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
(iii) Paul Porter
------------------------------------------------ ---------------------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / status (i) Chief Executive Officer
(ii) Chief Financial Officer
(iii) Chief Operating 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 by the SIP
Trustees pursuant to the SIP
------------------------------------------------ ---------------------------------------------------------------
d) Price(s) and volume(s) Price Volume
(i) Partnership Shares 146.5
p 1229
Matching Shares 0 p 410
(ii) Partnership Shares 146.5
p 1229
Matching Shares 0 p 410
(iii) Partnership Shares
146.5 p 1228
Matching Shares 0 p 409
------------------------------------------------ ---------------------------------------------------------------
e) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------ ---------------------------------------------------------------
f) Date of the transaction Xx May 2019
------------------------------------------------ ---------------------------------------------------------------
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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