Sanderson Group PLC Grant of Options (3370J)

TIDMSND

RNS Number : 3370J

Sanderson Group PLC

29 March 2018

FOR IMMEDIATE RELEASE 29 MARCH 2018

SANDERSON GROUP PLC

Grant 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 Officer and Mr Richard Mogg, Group Finance Director, have been granted options to subscribe for a total of 1,750,000 new ordinary shares of 10 pence each ('Ordinary Shares') in the Group. Brief details of the options awarded are as follows:

Mr Ian Newcombe:

 
 No. of options   Option price   Earliest exercise date   Vesting conditions 
 500,000              25p              01.01.2019        Financial performance 
 250,000              25p              01.01.2020        Financial performance 
 500,000              25p              01.01.2021              Retention 
 

Mr Richard Mogg:

 
 No. of options   Option price   Earliest exercise date          Vesting conditions 
 125,000              25p              01.01.2019               Financial performance 
 125,000              25p              01.01.2020               Financial performance 
 250,000              25p              01.01.2021        Financial performance and retention 
 

None of the above share options are exercisable unless the mid-price of the Ordinary Shares, as quoted by the London Stock Exchange AIM market, is above 75 pence and the Ordinary Shares issued as a result of the exercise of any of the options cannot be sold before 1 January 2021.

Following the option grant, the above reflects the extent of options held in aggregate by Mr Mogg. Mr Newcombe holds in aggregate options over 2,258,000 ordinary shares as detailed below:

 
  No. of    Exercise   Earliest exercise     Expiry 
  options     price           date            date 
 300,000      23p         21.05.2013       21.05.2020 
 118,750      30p         29.06.2014       29.06.2018 
 200,000     45.75p       27.11.2015       27.11.2019 
 31,250       30p         29.06.2014       29.06.2018 
 35,000      27.5p        05.04.2014       05.01.2021 
 200,000      71p         13.12.2016       13.12.2023 
 123,000      72p         17.01.2020       17.01.2024 
 500,000      25p         01.01.2019       29.03.2028 
 250,000      25p         01.01.2020       29.03.2028 
 500,000      25p         01.01.2021       29.03.2028 
 
 
 1     Details of PDMR/person closely associated 
        with them ("PCA") 
----  ---------------------------------------------------- 
 (a)   Name                   Ian Newcombe 
----  ---------------------  ----------------------------- 
 (b)   Position /             Chief Executive Officer 
        status 
----  ---------------------  ----------------------------- 
 (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            Options over ordinary shares 
        of the financial       of 10p each 
        instrument 
----  ---------------------  ----------------------------- 
       Legal Entity           213800I78F2ZHZH2T148 
        Identifier 
----  ---------------------  ----------------------------- 
 (b)   Nature of the          Grant of options 
        transaction 
----  ---------------------  ----------------------------- 
 (c)   Price(s) and           Exercise    Volume(s) 
        volume(s)               price(s) 
                              ----------  ---------- 
                               25p         1,250,000 
                              ----------  ---------- 
----  ---------------------  ----------------------------- 
 (d)  Aggregated              n/a 
       information 
       Aggregated 
       volume Price 
----  ---------------------  ----------------------------- 
 (e)  Date of the             29 March 2018 
       transaction 
----  ---------------------  ----------------------------- 
 (f)  Place of the            Outside of a trading venue 
       transaction 
----  ---------------------  ----------------------------- 
 
 
 1     Details of PDMR/person closely associated 
        with them ("PCA") 
----  ---------------------------------------------------- 
 (a)   Name                   Richard Mogg 
----  ---------------------  ----------------------------- 
 (b)   Position /             Group Finance Director 
        status 
----  ---------------------  ----------------------------- 
 (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            Options over ordinary shares 
        of the financial       of 10p each 
        instrument 
----  ---------------------  ----------------------------- 
       Legal Entity           213800I78F2ZHZH2T148 
        Identifier 
----  ---------------------  ----------------------------- 
 (b)   Nature of the          Grant of options 
        transaction 
----  ---------------------  ----------------------------- 
 (c)   Price(s) and           Exercise    Volume(s) 
        volume(s)               price(s) 
                              ----------  ---------- 
                               25p         500,000 
                              ----------  ---------- 
----  ---------------------  ----------------------------- 
 (d)  Aggregated              n/a 
       information 
       Aggregated 
       volume Price 
----  ---------------------  ----------------------------- 
 (e)  Date of the             29 March 2018 
       transaction 
----  ---------------------  ----------------------------- 
 (f)  Place of the            Outside of a trading venue 
       transaction 
----  ---------------------  ----------------------------- 
 
 
                                        0333 123 
 Sanderson Group plc                        1400 
 Christopher Winn, Chairman 
 Ian Newcombe, Chief Executive 
 Richard Mogg, Finance Director 
 
 Singer N+1 - Nominated Advisor and     020 7496 
  Broker                                    3000 
 Mark Taylor 
  James White 
 
 Walbrook PR                            0117 985 
  Paul Vann                                 8989 
                                        or 07768 
                                          807631 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 29, 2018 02:02 ET (06:02 GMT)