Sumo Group PLC Share Incentive Plan Awards to PDMRs (9934Y)

TIDMSUMO

RNS Number : 9934Y

Sumo Group PLC

14 May 2019

14 May 2019

Sumo Group plc

("Sumo Group" or the "Company")

Awards under The Sumo Group plc Share Incentive Plan to PDMRs

The Company announces that it received notification on 14 May 2019 from Link Market Services Trustees Limited (the "SIP Trustee") that the SIP Trustee awarded ordinary shares of 1p each in the Company ("Ordinary Shares") to executive directors under the Sumo Group plc Share Incentive Plan (the "SIP") on 13 May 2019.

Under the terms of the SIP, each eligible employee can contribute from monthly salary to purchase Partnership Shares and the Company matches these by awarding one Matching Share for each three Partnership Shares purchased.

In respect of the Matching Shares, the SIP award has been satisfied by the allocation of shares held by the SIP Trustee from lapsed awards previously held by other participants.

In respect of the Partnership Shares, the SIP Trustee has purchased a total of 3,686 Ordinary Shares at a price of 146.5 p per share.

PDMR Dealing

As participants in the SIP, the Executive Directors are deemed to have an interest in the shares awarded to them and held by the SIP Trustee. Details of the awards under the SIP to Persons Discharging Managerial Responsibility ("PDMR") are set out below:

 
                                                           Total Share      % of Issued 
                  Partnership    Matching          Total       Holding    Share Capital 
  PDMR                 Shares      Shares    Share Award    Post Award 
 Carl Cavers            1,229         410          1,639     6,605,116             4.4% 
                -------------  ----------  -------------  ------------  --------------- 
 David Wilton           1,229         410          1,639        65,709            0.04% 
                -------------  ----------  -------------  ------------  --------------- 
 Paul Porter            1,228         409          1,637     6,203,728            4.13% 
                -------------  ----------  -------------  ------------  --------------- 
 

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 
 1.   Details of PDMR / person closely associated 
 a)   Name                                              (i) Carl Cavers 
                                                         (ii) David Wilton 
                                                         (iii) Paul Porter 
     ------------------------------------------------  --------------------------------------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                 (i) Chief Executive Officer 
                                                         (ii) Chief Financial Officer 
                                                         (iii) Chief Operating Officer 
     ------------------------------------------------  --------------------------------------------------------------- 
 b)   Initial notification /amendment                   Initial notification 
     ------------------------------------------------  --------------------------------------------------------------- 
 3.   Details of the issuer 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                              Sumo Group plc 
     ------------------------------------------------  --------------------------------------------------------------- 
 b)   LEI                                               213800LTZXJCG5QKIM14 
     ------------------------------------------------  --------------------------------------------------------------- 
 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           Ordinary Shares of 1p each 
     ------------------------------------------------  --------------------------------------------------------------- 
 b)   Identification code of the Financial Instrument   ISIN for Sumo Group plc: GB00BD3HV384 
     ------------------------------------------------  --------------------------------------------------------------- 
 c)   Nature of the transaction                         Acquisition of Ordinary Shares in Sumo Group plc by the SIP 
                                                        Trustees pursuant to the SIP 
     ------------------------------------------------  --------------------------------------------------------------- 
 d)   Price(s) and volume(s)                                            Price                   Volume 
                                                                (i) Partnership Shares 146.5 
                                                                 p                                1229 
                                                                           Matching Shares 0 p    410 
                                                                (ii) Partnership Shares 146.5 
                                                                 p                                1229 
                                                                           Matching Shares 0 p    410 
                                                                (iii) Partnership Shares 
                                                                 146.5 p                          1228 
                                                                           Matching Shares 0 p    409 
     ------------------------------------------------  --------------------------------------------------------------- 
 e)   Aggregated information                            N/A 
       - Aggregated volume 
       - Price 
     ------------------------------------------------  --------------------------------------------------------------- 
 f)   Date of the transaction                           Xx May 2019 
     ------------------------------------------------  --------------------------------------------------------------- 
 g)   Place of the transaction                          London Stock Exchange (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 [e-mail] or visit www.rns.com.

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May 14, 2019 07:18 ET (11:18 GMT)