S & U PLC Director/PDMR Shareholding (4509H)

TIDMSUS

RNS Number : 4509H

S & U PLC

01 August 2019

1 August 2019

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

Director/PDMR Shareholding

The Company has granted shadow share options in respect of 12,000 ordinary shares of 12.5p each in S & U to a Director of the Company under the Company's 2010 Long Term Incentive Plan ("LTIP").

These LTIP shadow share option awards were all made on 1 August 2019 and were included in the Remuneration Policy and Annual Remuneration Report approved by shareholders at the Company's AGM in May 2018.

The earliest date the awards will vest is on 1 August 2022 all at an exercise price of 12.5p each. The vesting of the awards is subject to the Director remaining in employment with the Company until August 2020 and meeting specified performance targets.

The award is as follows:

 
 Name of Director   Number of      Total number      Number of 
                     ordinary       of shares         ordinary 
                     shares under   over which        shares owned 
                     shadow LTIP    options           outright 
                     option         or shadow 
                     awarded        options 
                                    held under 
                                    LTIP following 
                                    notification 
 JG Thompson               12,000           71,000             Nil 
                    -------------  ---------------  -------------- 
 

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                          John Guy Thompson 
     ----------------------------  ------------------------------------- 
 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 the            Shadow share options over Ordinary 
       financial instrument,         shares of 12.5p each 
       type of instrument 
 
       Identification code           ISIN: GB0007655037 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Grant of shadow share options in 
                                     respect of 12,000 ordinary shares 
                                     under the Company's 2010 Long Term 
                                     Incentive Share Scheme 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Option Exercise   Volume(s) 
                                        Price(s) 
                                       12.5p             12,000 
                                                        ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information        N/A (Single transaction) 
 
 
       - Aggregated volume 
 
 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       1st August 2019 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Solihull 
     ----------------------------  ------------------------------------- 
 

Enquiries:

 
 Anthony Coombs                 S&U plc                   c/o Newgate Communications 
 Financial Public Relations     Newgate Communications    020 7653 9848 
  Bob Huxford, Tom Carnegie,                               [e-mail] 
  Megan Kovach 
 Broker 
  Adrian Trimmings, Rishi 
  Shah                          Peel Hunt LLP             020 7418 8900 
 

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August 01, 2019 02:02 ET (06:02 GMT)