Sanderson Group PLC Exercise of Options (6116Q)

TIDMSND

RNS Number : 6116Q

Sanderson Group PLC

07 June 2018

FOR IMMEDIATE RELEASE 7 JUNE 2018

SANDERSON GROUP PLC

Exercise of Options

Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors, announces that Mr Ian Newcombe, Group Chief Executive, exercised options over 66,250 ordinary shares on 6 June 2018.

The exercised options include 31,250 with an exercise price of 30 pence and a further 35,000 with an exercise price of 27.5 pence, both tranches of options were awarded under the Sanderson Group Company Share Option Plan. Following the option exercise, Mr Newcombe is interested in 178,750 ordinary shares representing 0.30% of the issued share capital of the Group. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 12 June 2018. Mr Newcombe intends to hold the shares as part of his longer term investment and commitment to Sanderson.

The new ordinary shares pursuant to the exercise of options will rank pari passu with the existing Sanderson ordinary shares. Following allotment of the new ordinary shares, Sanderson will have in issue 59,972,484 ordinary shares of 10p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Sanderson, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Sanderson Group plc                             0333 123 1400 
 Christopher Winn, Chairman 
 Ian Newcombe, Chief Executive 
 Richard Mogg, Finance Director 
 
 N+1 Singer (Nominated Adviser and Broker)       020 7496 3000 
 Mark Taylor 
  James White 
 
 Walbrook PR Limited                             0117 985 8989 
  Paul Vann                                    or 07768 807631 
 
 
 1     Details of PDMR/person closely associated with them ("PCA") 
 (a)   Name                        Ian Newcombe 
      --------------------------  ----------------------------------------- 
 (b)   Position / status           Chief Executive Officer 
      --------------------------  ----------------------------------------- 
 (c)   Initial notification        Initial notification 
        / amendment 
      --------------------------  ----------------------------------------- 
 2     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              Exercise of Options over 66,250 ordinary 
        the financial instrument    shares of 10p each 
      --------------------------  ----------------------------------------- 
       Legal Entity Identifier     213800I78F2ZHZH2T148 
      --------------------------  ----------------------------------------- 
 (b)   Nature of the transaction   Exercise of options 
      --------------------------  ----------------------------------------- 
 (c)   Price(s) and                Exercise price(s)   Volume(s) 
        volume(s)                                      ---------- 
                                    30p                 31,250 
                                    27.5p               35,000 
                                                       ---------- 
      --------------------------  ----------------------------------------- 
 (d)  Aggregated information       n/a 
       Aggregated volume 
       Price 
      --------------------------  ----------------------------------------- 
 (e)  Date of the transaction      6 June 2018 
      --------------------------  ----------------------------------------- 
 (f)  Place of the transaction     Outside of a trading venue 
      --------------------------  ----------------------------------------- 
 

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June 07, 2018 02:01 ET (06:01 GMT)