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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sepura | LSE:SEPU | London | Ordinary Share | GB00B1ZBLD47 | ORD GBP0.0005 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.75 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSEPU
RNS Number : 1681G
Sepura PLC
24 May 2017
24 May 2017
SEPURA PLC
Cash cancellation of entitlements under the Sepura Deferred Bonus Plan (the "DBP")
Sepura PLC (LSE: SEPU) (the "Company") announces that today the accrued entitlements of Gordon Watling, the Chief Executive Officer of the Company currently on extended leave of absence, to acquire 103,031 ordinary shares in the Company pursuant to the DBP (the "DBP Shares") have been cancelled in return for a single payment to Gordon Watling of GBP25,290.93 (the "Cash Cancellation"), payable within 14 days.
The payment of GBP25,290.93 consists of:
-- 20 pence for each of the DBP Shares; and
-- a total dividend award of GBP4,684.73, representing the total dividend award accrued to the DBP Shares in accordance with the DBP rules.
The Cash Cancellation is pursuant to a proposal under Rule 15 of the Takeover Code made to the DBP participants in connection with the recommended cash offer made by Project Shortway Limited, a wholly-owned subsidiary of Hytera Communications Corporation Limited, for the entire issued and to be issued share capital of the Company implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). As announced separately, the Scheme today became effective.
This announcement is made in accordance with Article 19(3) of the Market Abuse Regulation (European Union Regulation No. 596/2014).
1. Details of the person discharging managerial responsibilities / person closely associated ------------------------------------------------------------------------------------------------------------------ a) Name Gordon Watling -------------------------------------------------------- -------------------------------------------------------- 2. Reason for the Notification ------------------------------------------------------------------------------------------------------------------ a) Position/status Chief Executive Officer (on extended leave of absence) -------------------------------------------------------- -------------------------------------------------------- b) Initial notification/amendment Initial notification -------------------------------------------------------- -------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------------------------------------ a) Name Sepura plc -------------------------------------------------------- -------------------------------------------------------- b) LEI 213800OJ7SKW13ASAN04 -------------------------------------------------------- -------------------------------------------------------- 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 Financial instrument, type of Award over ordinary shares of GBP0.0005 each in Sepura instrument plc pursuant to the Sepura Deferred Bonus Plan -------------------------------------------------------- -------------------------------------------------------- Identification code GB00B1ZBLD47 -------------------------------------------------------- -------------------------------------------------------- b) Nature of the Transaction Cash cancellation of awards under the Sepura Deferred Bonus Plan -------------------------------------------------------- -------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------------- ---------- GBP0.2455 per share(1) 103,031 -------------------------------------------------------- -------------------------------------------------------- d) Aggregated information (Single transaction) * Aggregated volume * Price -------------------------------------------------------- -------------------------------------------------------- e) Date of the transaction 2017-05-24 -------------------------------------------------------- -------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------------------------------- --------------------------------------------------------
Notes
(1) The amount shown here is an effective price per share (rounded to 4 decimal places). This has been calculated by dividing the single payment of GBP25,290.93 payable to Gordon Watling (comprised of GBP0.20 for each of the DBP Shares and the total dividend award accrued of GBP4,684.73, representing the total dividend award accrued to the DBP Shares in accordance with the DBP rules) by the 103,031 DBP Shares referred to above.
For further information please contact:
Sepura plc Tony Hunter Company Secretary + 44 (0) 20 7 603 1515 Instinctif Partners Adrian Duffield/Kay Larsen/Chantal Woolcock +44 (0) 20 7 457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHSEUFWLFWSEFI
(END) Dow Jones Newswires
May 24, 2017 13:22 ET (17:22 GMT)
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