S & U PLC Director/PDMR Shareholding (2636P)

TIDMSUS

RNS Number : 2636P

S & U PLC

25 May 2018

S & U PLC ("S&U" or "the Company")

Exercise and Sale of Options, Director/PDMR Shareholding and Total Voting Rights

25 May 2018

Exercise and Sale of Options

S&U plc announces that it has today received notice of the exercise in respect of options granted to Mr Chris Redford, a director of S&U plc; 2,000 options under the Company's 2010 Long Term Incentive Plan ("LTIP") were exercised at an exercise price of 12.5 pence per share and 600 options under the Company's 2008 Discretionary Share Option Plan ("DSOP") were exercised at an exercise price of 1,892.5 pence per share. These notices for Mr Chris Redford were in respect of a total of 2,600 ordinary shares of 12.5p each ("Ordinary Shares") and these 2,600 Ordinary Shares were sold in the market at an average price of 2,702 pence per share. Following these transactions the beneficial shareholding of Mr Chris Redford is 11,000 ordinary shares, being 0.1% of the Company.

In total, 2,600 Ordinary Shares were admitted to trading this week pursuant to an existing block listing, and will rank pari pasu with existing Ordinary Shares.

Total Voting Rights

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 12,003,759. This number (12,003,759) 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.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                       Chris Redford 
---  -------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status            Director 
---  -------------------------  ---------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                       S&U PLC 
---  -------------------------  ---------------------------------- 
 b)   LEI                        213800QZ1X2A7J64SQ31 
---  -------------------------  ---------------------------------- 
 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 12.5p 
       the financial              each 
       instrument, type 
       of instrument 
                                  ISIN : GB0007655037 
       Identification 
       code 
---  -------------------------  ---------------------------------- 
 b)   Nature of the              Exercise of options under 
       transaction                the Company's 2010 Long Term 
                                  Incentive and 2008 Discretionary 
                                  Share Option Plans. 
---  -------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)       Exercise Price(s)   Volume(s) 
                                   ------------------  ---------- 
                                    12.5p               2,000 
                                   ------------------  ---------- 
                                    1,892.5p            600 
                                   ------------------  ---------- 
---  -------------------------  ---------------------------------- 
 d)   Aggregated information 
                                   N/A 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ---------------------------------- 
 e)   Date of the transaction    22nd May 2018 
---  -------------------------  ---------------------------------- 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ---------------------------------- 
 
 
 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 12.5p 
       the financial              each 
       instrument, type 
       of instrument 
                                  ISIN : GB0007655037 
       Identification 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Sale of Ordinary Shares following 
       transaction                an exercise of options under 
                                  the Company's 2010 Long Term 
                                  Incentive and 2008 Discretionary 
                                  Share Option Plans. 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)   Volume(s)   Date 
                                   ---------  ----------  ---------- 
                                    2,700p     536         22-May-18 
                                   ---------  ----------  ---------- 
                                    2,710p     500         22-May-18 
                                   ---------  ----------  ---------- 
                                    2,720p     387         22-May-18 
                                   ---------  ----------  ---------- 
                                    2,690p     827         24-May-18 
                                   ---------  ----------  ---------- 
                                    2,700p     150         24-May-18 
                                   ---------  ----------  ---------- 
                                    2,703.6p   200         24-May-18 
                                   ---------  ----------  ---------- 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume         Aggregated volume: 2,600 
 
                                   Volume weighted average price: 
       - Price                     2,702p 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    22nd and 24(th) May 2018 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ------------------------------------ 
 

Enquiries:

 
 Anthony Coombs            S&U plc                   c/c/o Newgate 
                                                      Communications 
 Financial Public 
  Relations 
  Bob Huxford, James 
  Ash, Imogen Humphreys    Newgate Communications    020 7653 9848 
 
   Broker 
   Adrian Trimmings, 
   Rishi Shah                Peel Hunt LLP             020 7418 8900 
 

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May 25, 2018 02:01 ET (06:01 GMT)