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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Soco International Plc | LSE:SIA | London | Ordinary Share | GB00B572ZV91 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 61.80 | 61.90 | 62.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSIA
RNS Number : 2927U
Soco International PLC
16 January 2017
16 January 2017
SOCO International plc
('SOCO' or 'the Company')
DIRECTORS/PDMR SHAREHOLDING
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
and their Closely Associated Persons
The Company announces an increase in Directors' shareholdings pursuant to the settlement of share awards ("Awards") under the Company's Long Term Incentive Plan.
On 13 January 2017, Ed Story, Roger Cagle and Cynthia Cagle - the Chief Executive Officer, Deputy Chief Executive Officer and Company Secretary, respectively, and all Executive Directors of the Company and participants in the Company's Long Term Incentive Plan ("LTIP Participants") - became interested in a total of 185,171 SOCO International plc ordinary shares of GBP0.05 each ("Shares").
The Board had determined that, in this instance, it serves the best interest of the Company and its shareholders, and with the agreement of the LTIP Participants, to deliver only the net number of Shares to the LTIP Participants after deducting the number of Shares that otherwise would be sold in the market to settle the tax liabilities associated with the settlement of these Awards. Therefore, no Shares will be sold and the associated tax liabilities will be settled by the Company.
Further details of the number of Shares referenced in the above are shown in the following table:
LTIP Participant Ed Story Roger Cagle Cynthia Cagle -------------------------------------------- ---------- ------------ -------------- Date of original grant 06-Dec-13 06-Dec-13 06-Dec-13 -------------------------------------------- ---------- ------------ -------------- Awards vested 145,509 109,265 74,620 -------------------------------------------- ---------- ------------ -------------- Shares to be deducted for associated tax 62,392 47,849 33,982 -------------------------------------------- ---------- ------------ -------------- Shares to be delivered to LTIP Participant 83,117 61,416 40,638 -------------------------------------------- ---------- ------------ --------------
Following these transactions, interests held are as follows:
Ed Story is interested in 13,716,384 Shares, representing 4.13% of the issued share capital of the Company, of which 12,041,384 (3.63%) Shares are held personally by Ed Story and 1,675,000 (0.50%) Shares are held through The Story Family Trust, a closely associated person to Ed Story.
Individually, Roger Cagle is interested in 5,476,659 Shares, representing 1.65% of the issued share capital of the Company, of which 556,074 (0.17%) Shares are held personally by Roger Cagle and 4,920,585 (0.11%) Shares are held through C Minor Limited, a closely associated person to Roger Cagle.
Individually, Cynthia Cagle is interested in 3,175,864 Shares, representing 0.96% of the issued share capital of the Company, of which 371,825 (0.11%) Shares are held personally by Cynthia Cagle and 2,804,039 (0.84%) Shares are held through C Major Limited, a closely associated person to Cynthia Cagle.
Roger Cagle and Cynthia Cagle are closely associated persons to each other and are jointly interested in their combined holdings of 8,652,523 Shares, representing 2.61% of the issued share capital of the Company and Share options. Additionally, as they both act as Directors of the Roger and Cynthia Cagle Family Foundation Limited ("the Charity"), it is considered to be a closely associated person of both Roger Cagle and Cynthia Cagle and they are deemed to have a non-beneficial interest in 1,148,129 (0.35%) Shares held by the Charity.
The Company was notified on 16 January 2017 by the Trustee of the SOCO Employee Benefit Trust (the "EBT") that following the above transactions, its shareholding in the Company had decreased by 185,171 Shares. The EBT is now interested in 2,114,596 Shares representing 0.64% of the share capital of the Company. The Executive Directors, as potential beneficiaries, are technically deemed to have an interest in all ordinary shares held by the EBT.
Contact: Carol Fan, SOCO International plc, tel. 020 7747 2000
1 Details of the person discharging managerial responsibilities / person closely associated --- ----------------------------------------------------------- a) Name Ed Story --- ------------------------- -------------------------------- 2 Reason for the notification --- ----------------------------------------------------------- a) Position/status CEO/Director --- ------------------------- -------------------------------- b) Initial notification Initial notification /Amendment --- ------------------------- -------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------- a) Name SOCO International plc --- ------------------------- -------------------------------- b) LEI 549300DDKLXYLLO4N524 --- ------------------------- -------------------------------- 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 Ordinary Shares of GBP0.05 the financial Each instrument, type of instrument GB00B572ZV91 Identification code --- ------------------------- -------------------------------- b) Nature of the Acquisition of shares following transaction settlement of share awards under the Company's Long Term Incentive Plan. --- ------------------------- -------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 0 83,117 --------- ---------- --- ------------------------- -------------------------------- d) Aggregated information - Aggregated volume 83,117 - Price Nil --- ------------------------- -------------------------------- e) Date of the transaction 13/01/2017 --- ------------------------- -------------------------------- f) Place of the transaction Outside of a trading venue --- ------------------------- -------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- ----------------------------------------------------------- a) Name Roger Cagle --- ------------------------- -------------------------------- 2 Reason for the notification --- ----------------------------------------------------------- a) Position/status Deputy CEO/Director --- ------------------------- -------------------------------- b) Initial notification Initial notification /Amendment --- ------------------------- -------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------- a) Name SOCO International plc --- ------------------------- -------------------------------- b) LEI 549300DDKLXYLLO4N524 --- ------------------------- -------------------------------- 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 Ordinary Shares of GBP0.05 the financial Each instrument, type of instrument GB00B572ZV91 Identification code --- ------------------------- -------------------------------- b) Nature of the Acquisition of shares following transaction settlement of share awards under the Company's Long Term Incentive Plan. --- ------------------------- -------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 0 61,416 --------- ---------- --- ------------------------- -------------------------------- d) Aggregated information - Aggregated volume 61,416 - Price Nil --- ------------------------- -------------------------------- e) Date of the transaction 13/01/2017 --- ------------------------- -------------------------------- f) Place of the transaction Outside of a trading venue --- ------------------------- -------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- ----------------------------------------------------------- a) Name Cynthia Cagle --- ------------------------- -------------------------------- 2 Reason for the notification --- ----------------------------------------------------------- a) Position/status Company Secretary/Director
--- ------------------------- -------------------------------- b) Initial notification Initial notification /Amendment --- ------------------------- -------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------- a) Name SOCO International plc --- ------------------------- -------------------------------- b) LEI 549300DDKLXYLLO4N524 --- ------------------------- -------------------------------- 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 Ordinary Shares of GBP0.05 the financial Each instrument, type of instrument GB00B572ZV91 Identification code --- ------------------------- -------------------------------- b) Nature of the Acquisition of shares following transaction settlement of share awards under the Company's Long Term Incentive Plan. --- ------------------------- -------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 0 40,638 --------- ---------- --- ------------------------- -------------------------------- d) Aggregated information - Aggregated volume 40,638 - Price Nil --- ------------------------- -------------------------------- e) Date of the transaction 13/01/2017 --- ------------------------- -------------------------------- f) Place of the transaction Outside of a trading venue --- ------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFFDLVIRLID
(END) Dow Jones Newswires
January 16, 2017 12:24 ET (17:24 GMT)
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