S & U PLC Exercise of Options and Directors' Shareholdings (1805H)

TIDMSUS

RNS Number : 1805H

S & U PLC

05 June 2017

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

Exercise of Options and Directors' Shareholdings

5 June 2017

S&U plc announces that it has today received due notice of exercise in respect of options granted to a director under the Company's 2010 Long Term Incentive Share Option Plan ("LTIP").

The LTIP notice was in respect of a total of 2,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. These 2,000 Ordinary Shares were admitted to trading on 5 June 2017 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 his entitlement over 2,000 Ordinary Shares from his LTIP awards. He retained these 2,000 Ordinary Shares which will be immediately transferred to his wife Tina Redford at nil cost. Following these transactions, the beneficial shareholding of Chris Redford is 11,000 Ordinary Shares representing 0.09% of the enlarged ordinary share capital.

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,978,709, 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.

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            PDMR - Finance 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 
---  -------------------------  --------------------------------- 
 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 ordinary share 
       transaction                options by Chris Redford 
                                  under the company's long 
                                  term incentive plan 
---  -------------------------  --------------------------------- 
 c)   Price(s) and volume(s)       Exercise Price(s)   Volume(s) 
                                   ------------------  ---------- 
                                    12.5p               2,000 
                                   ------------------  ---------- 
---  -------------------------  --------------------------------- 
 d)   Aggregated information       Exercise Price(s)   Volume(s) 
                                   ------------------  ---------- 
                                    12.5p               2,000 
       - Aggregated volume         ------------------  ---------- 
 
 
       - Price 
---  -------------------------  --------------------------------- 
 e)   Date of the transaction    5 June 2017 
---  -------------------------  --------------------------------- 
 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              Transfer of shares to Tina 
       transaction                Redford at nil cost 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    nil         2,000 
                                   ----------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    nil         2,000 
       - Aggregated volume         ----------  ---------- 
 
 
       - Price 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    5 June 2017 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                       Tina Redford, PCA of Chris 
                                  Redford 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            PCA 
---  -------------------------  ------------------------------ 
 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 
---  -------------------------  ------------------------------ 
 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              Transfer of shares from Chris 
       transaction                Redford at nil cost 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    nil         2,000 
                                   ----------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    nil         2,000 
       - Aggregated volume         ----------  ---------- 
 
 
       - Price 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    5 June 2017 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ------------------------------ 
 

For further information, please contact:

   Anthony Coombs, Chairman                                S&U plc (www.suplc.co.uk) 0121 705 7777 

Broker and Financial Adviser

Adrian Trimmings, Rishi Shah Peel Hunt 0207 418 8900

Media and Investor Relations

Ged Brumby Smithfield 0203 047 2476

This information is provided by RNS

The company news service from the London Stock Exchange

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June 05, 2017 10:01 ET (14:01 GMT)