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SOM Somero Enterprise Inc.

337.50
2.50 (0.75%)
Last Updated: 08:14:12
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Somero Enterprise Inc. LSE:SOM London Ordinary Share COM STK USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 0.75% 337.50 335.00 340.00 337.50 335.00 335.00 11,519 08:14:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Somero Enterprises Inc. Transactions in Own Shares and RSUs (8334M)

24/09/2021 7:00am

UK Regulatory


Somero Enterprise (LSE:SOM)
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From Mar 2021 to Mar 2024

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TIDMSOM

RNS Number : 8334M

Somero Enterprises Inc.

24 September 2021

Somero Enterprises Inc.

("Somero" or the "Company")

Transactions in Own Shares and Restricted Stock Units

Somero announces that on 23 September 2021 it approved the settlement of 5,548 Restricted Stock Units (RSU's) in exchange for an equivalent number of common stock shares of the Company at a price of 540p, reflecting the close price on the day of settlement, as permitted under the 2020 Equity Incentive Plan approved by the Board of Directors on December 3, 2019.

Application will be made to the London Stock Exchange for admission to trading on AIM of the shares of common stock in the Company to satisfy this common stock award ("Admission"). Admission is expected to occur on or about 30 September 2021. The new shares of common stock will rank pari passu with the existing common stock in the Company.

In conjunction with this common stock award, the Board of the Company has approved the cancellation of the equivalent number of shares held in Treasury.

Unless determined otherwise by the Equity Incentive Plan administrator, each RSU will be equal to one share of common stock in the Company and will entitle the Grantee to either shares of common stock or an amount of cash determined with reference to the value of shares of common stock at the discretion of the Company.

Following the above transaction, total outstanding RSUs will equal 686,856 units and the Company's total issued share capital will be 56,357,064 with 237,787 shares held in Treasury. Therefore, the total number of shares with voting rights will be 56,119,277.

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)                                                +44 (0)20 7220 0500 

Kate Bannatyne (Corporate Finance)

Tim Redfern/Richard Chambers (ECM)

   Alma PR (Financial PR Advisor)                                                somero@almapr.co.uk 

David Ison +44 (0)20 3405 0205

Sam Modlin

Molly Gretton

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Vincenzo LiCausi 
                -------------------------------  ------------------------------------------ 
            2.   Reason for the Notification 
                --------------------------------------------------------------------------- 
 a)              Position/status                  Vice-President of Finance and Controller 
                -------------------------------  ------------------------------------------ 
 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        Employee Share Award 
                -------------------------------  ------------------------------------------ 
 c)              Price(s) and volume(s)           Price: 540 p 
                                                   Volume: 5,548 
                -------------------------------  ------------------------------------------ 
 d)              Aggregated information:          n/a 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ------------------------------------------ 
 e)              Date of the transaction          23 September 2021 
                -------------------------------  ------------------------------------------ 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSSEMEFDEFSESU

(END) Dow Jones Newswires

September 24, 2021 02:00 ET (06:00 GMT)

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