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On 18 May 2022, S&U PLC announced that Group Finance Director Christopher Redford exercised options over 2,300 ordinary shares at 12.5 pence each and immediately transferred them for nil consideration to his wife, Tina Redford. Following these transactions, Christopher Redford's beneficial shareholding is 16,300 Ordinary Shares, and the total number of voting rights in S&U PLC is 12,149,961.
| Date | 18 May 2022 |
| Time | 11:30:06 |
| Category | Director/PDMR dealings |
| ID | 9597L |
18 May 2022
S & U PLC
("S&U" or "the Company")
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Exercise of Options
S&U announces that it has today received notice of the exercise of options over ordinary shares of 12.5p in the Company ("Ordinary Shares") granted under the Company's 2010 Long Term Incentive Plan ("LTIP"). Christopher Redford (Group Finance Director) has exercised options over 2,300 Ordinary Shares and has immediately transferred these 2,300 ordinary shares for nil consideration to his wife Tina Redford who is a PCA.
In total, 2,300 Ordinary Shares will be admitted to trading pursuant to an existing block listing and will rank pari pasu with existing Ordinary Shares. Following these transactions, the beneficial shareholding of Christopher Redford is 16,300 Ordinary Shares.
Total Voting Rights
Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 12,149,961. This figure should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the share capital of S&U under the FCA's Disclosure and Transparency rules.
The information set out below is provided in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Christopher Redford |
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2
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Reason for the notification
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a)
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Position/status
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Director |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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S&U PLC |
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b)
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LEI
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213800QZ1X2A7J64SQ31
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code |
ordinary shares of 12.5p each
ISIN : GB0007655037 |
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b)
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Nature of the transaction
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Exercise of ordinary shares |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume - Price
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e)
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Date of the transaction
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18/05/2022 |
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f)
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Place of the transaction
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London Stock Exchange |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Christopher Redford |
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2
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Reason for the notification
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a)
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Position/status
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Director |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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S&U PLC |
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b)
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LEI
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213800QZ1X2A7J64SQ31
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code |
ordinary shares of 12.5p each
ISIN : GB0007655037 |
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b)
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Nature of the transaction
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Transfer of ordinary shares |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume - Price
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e)
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Date of the transaction
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18/05/2022 |
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f)
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Place of the transaction
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London Stock Exchange |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Tina Redford |
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2
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Reason for the notification
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a)
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Position/status
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PCA, wife of Christopher Redford |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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S&U PLC |
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b)
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LEI
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213800QZ1X2A7J64SQ31
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code |
ordinary shares of 12.5p each
ISIN: GB0007655037 |
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b)
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Nature of the transaction
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Receipt of ordinary shares |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume - Price
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e)
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Date of the transaction
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18/05/2022 |
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f)
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Place of the transaction
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London Stock Exchange |
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Enquiries Anthony Coombs
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S&U plc |
c/o SEC Newgate
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Financial Public Relations Bob Huxford, Molly Gretton, Max Richardson
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SEC Newgate |
020 7653 9848 |
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Broker Andrew Buchanan, Sam Milford
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Peel Hunt LLP |
020 7418 8900
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