Sumo Group PLC Share Incentive Plan Awards, PDMR and TVR (7035U)

TIDMSUMO

RNS Number : 7035U

Sumo Group PLC

16 July 2018

16 July 2018

Sumo Group plc

("Sumo Group" or the "Company")

Awards under The Sumo Group plc Share Incentive Plan,

PDMR dealings and Total Voting Rights

The Company announces that it received notification on 13 July 2018 from Link Market Services Trustees Limited (the "SIP Trustee") that the SIP Trustee awarded a total of 93,741 ordinary shares of 1p each in the Company ("Ordinary Shares") to participants in The Sumo Group plc Share Incentive Plan (the "SIP") details of which are set out in the Company's admission document.

The award comprises of Free Shares, Partnership Shares and Matching Shares, each as defined in the Company's admission document. 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 addition, each eligible employee is entitled to receive a one-off award of 200 Free Shares.

In respect of the Free Shares and Matching Shares, the SIP award has been satisfied by the issue of 83,856 new Ordinary Shares to the SIP Trustee at a subscription price of 1p per share, being the nominal value of the shares. The SIP Shares shall rank equally with the existing issued shares of the Company. The SIP Shares will be allocated out of the shares which were the subject of the block listing announced on 5 July 2018.

In respect of the Partnership Shares, the SIP Trustee has purchased a total of 9,885 Ordinary Shares at a price of 175p 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       % of 
             Partnership    Matching              Total       Share     Issued 
  PDMR            Shares      Shares      Free    Share     Holding      Share 
                                        Shares    Award        Post    Capital 
                                                              Award 
---------  -------------  ----------  --------  -------  ----------  --------- 
 Carl 
  Cavers           1,028         342       200    1,570   6,603,477      4.41% 
---------  -------------  ----------  --------  -------  ----------  --------- 
 David 
  Wilton           1,028         342       200    1,570      51,570      0.03% 
---------  -------------  ----------  --------  -------  ----------  --------- 
 

Total Voting Rights

The issued share capital of the Company following the issue of shares described above is 149,702,591 Ordinary Shares. The total number of voting rights in Sumo Group is 149,702,591 Ordinary Shares, which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in or a change to their interests in Sumo Group under the Financial Conduct Authority's Disclosure and Transparency Rules.

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 
---  ------------------------------------------------  --------------------------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                 (i) Chief Executive Officer 
                                                         (ii) Chief Financial 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 as under SIP 
                                                        by the SIP Trustees pursuant 
                                                        to the SIP 
---  ------------------------------------------------  --------------------------------------------------------------- 
 d)   Price(s) and volume(s)                            Price                                  Volume 
                                                               (i) Free Shares 0p               200 
                                                                           Partnership Shares 
                                                                            175p                1,028 
                                                                           Matching Shares 0p   342 
                                                               (ii) Free Shares 0p              200 
                                                                           Partnership Shares 
                                                                            175p                1,028 
                                                                           Matching Shares 0p   342 
---  ------------------------------------------------  --------------------------------------------------------------- 
 e)   Aggregated information                            N/A 
       - Aggregated volume 
       - Price 
---  ------------------------------------------------  --------------------------------------------------------------- 
 f)   Date of the transaction                           13 July 2018 
---  ------------------------------------------------  --------------------------------------------------------------- 
 g)   Place of the transaction                          London Stock Exchange (XLON) 
---  ------------------------------------------------  --------------------------------------------------------------- 
 

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July 16, 2018 02:00 ET (06:00 GMT)