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SEPU Sepura

19.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Sepura PLC Cash cancellation of entitlements (1681G)

24/05/2017 6:22pm

UK Regulatory


Sepura (LSE:SEPU)
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From Mar 2019 to Mar 2024

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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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