Somero Enterprises Inc. Completion of Secondary Placing (3840U)

TIDMSOM

RNS Number : 3840U

Somero Enterprises Inc.

28 March 2019

Somero Enterprises Inc.

("Somero" or the "Company")

Result of Secondary Placing of Ordinary Shares in Somero

Further to the announcement earlier today, Somero announces that Jack Cooney has sold 800,000 Ordinary Shares in the Company (the "Placing Shares"), representing approximately 1.42 per cent. of the voting rights of Somero. The Placing Shares were placed at a price of 340 pence per share and were sold to institutional investors by finnCap Ltd.

Following the sale, Jack Cooney now has a beneficial interest in a total of 614,634 Ordinary Shares, representing a resultant holding of 1.09 per cent. of the total voting rights.

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.

For further information, please contact:

   Somero Enterprises, Inc.                                                         www.somero.com 

Jack Cooney, CEO

John Yuncza, CFO

Howard Hohmann, EVP Sales

finnCap Ltd (NOMAD and Broker)

   Matt Goode (Corporate Finance)                                               [phone] 

Carl Holmes (Corporate Finance)

Kate Bannatyne (Corporate Finance)

Tim Redfern/Richard Chambers (ECM)

   Alma PR (Financial PR Advisor)                                              [e-mail] 

Rebecca Sanders-Hewett [phone]

Susie Hudson

Sam Modlin

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Jack Cooney 
                -------------------------------  ------------------------------------------ 
            2.   Reason for the Notification 
                --------------------------------------------------------------------------- 
 a)              Position/status                  Chief Executive Officer 
                -------------------------------  ------------------------------------------ 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ------------------------------------------ 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------------- 
 a)              Name                             Somero Enterprises Inc. 
                -------------------------------  ------------------------------------------ 
 b)              LEI                              549300OQ2P18NRWBIW58 
                -------------------------------  ------------------------------------------ 
 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               ordinary shares of $0.001 each ("Ordinary 
                  Financial instrument,            Shares") 
                  type of instrument 
                 Identification code              SOM 
                -------------------------------  ------------------------------------------ 
 b)              Nature of the transaction        Sale of Ordinary Shares 
                -------------------------------  ------------------------------------------ 
 c)              Price(s) and volume(s)           Price: 340p 
                                                   Volume: 800,000 
                -------------------------------  ------------------------------------------ 
 d)              Aggregated information:          n/a 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ------------------------------------------ 
 e)              Date of the transaction          28 March 2019 
                -------------------------------  ------------------------------------------ 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ------------------------------------------ 
 

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END

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March 28, 2019 12:35 ET (16:35 GMT)