S & U PLC Director/PDMR Shareholding (5834Z)
May 27 2016 - 10:25AM
UK Regulatory
TIDMSUS
RNS Number : 5834Z
S & U PLC
27 May 2016
S & U PLC ("S&U" or "the Company")
Exercise of Options and Sale and Purchase of Shares/Directors'
Shareholdings
27 May 2016
S&U plc announces that it has today received due notices of
exercise in respect of options granted to a director under the
Company's 2008 Discretionary Share Option Plan ("DSOP") and the
2010 Long Term Incentive Share Option Plan ("LTIP").
The DSOP notice was in respect of a total of 1,500 ordinary
shares of 12.5p each ("Ordinary Shares") at the exercise price of
1160.0 pence per share. The LTIP notice was in respect of a total
of 6,000 ordinary shares of 12.5p each ("Ordinary Shares") at the
exercise price of 12.5 pence per share. These 7,500 Ordinary Shares
were admitted to trading on 27 May 2016 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 7,500 Ordinary Shares
from his DSOP and LTIP awards. He subsequently sold 6,000 Ordinary
Shares at a price of 2300.0p per Ordinary Share and his wife Mrs
Tina Redford also transferred 2,295 of her existing ordinary
shareholding to Mr Chris Redford at nil cost. Following these
transactions, the beneficial shareholding of Chris Redford is 7,595
Ordinary Shares representing 0.06% of the enlarged ordinary share
capital.
Mr Graham Coombs, Deputy Chairman, acquired 3,750 Ordinary
Shares bringing his shareholding (including beneficial
shareholdings) to 1,570,957 Ordinary Shares representing 13.1 per
cent of the enlarged ordinary share capital.
In addition to the above holdings, Grevayne Properties Limited,
a Company beneficially controlled by Anthony Coombs and Graham
Coombs, hold 298,048 Ordinary Shares representing 2.5% of the
enlarged ordinary share capital.
Following the issue of these Ordinary Shares, the total number
of voting rights in S&U is 11,947,375, 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.
For further information, please contact:
Anthony Coombs, 0121 705
Chairman S&U plc (www.suplc.co.uk) 7777
Broker and Financial
Adviser 0207 614
Chris Hardie Arden Partners 5917
Media and Investor
Relations 0207 360
Will Swan Smithfield 4900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 27, 2016 10:25 ET (14:25 GMT)