S & U PLC ("S&U" or "the Company")
Exercise and Sale of Options/ Directors' Shareholding
23 December 2015
S&U plc announces that it has today received due notice of exercise in respect of options granted to a director under the Company's 2008 Discretionary Share Option Plan ("DSOP"). The notice was in respect of a total of 3,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 730 pence per share. These 3,000 Ordinary Shares were admitted to trading on 23 December 2015 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari passu with existing Ordinary Shares. These shares were placed with 2 Directors at a price of £24.40.
Mr Guy Thompson, a Director, exercised and sold 3,000 Ordinary Shares from his DSOP awards at £24.40. He has no shareholding.
Mr Anthony Coombs, Chairman, acquired 1,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,336,027 Ordinary Shares representing 11.2 per cent of the enlarged ordinary share capital.
Mr Graham Coombs, Deputy Chairman, acquired 2,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,537,207 Ordinary Shares representing 12.9 per cent of the enlarged ordinary share capital.
In addition to the above holdings, Grevayne Properties Limited, a Company beneficially controlled by Anthony Coombs and Graham Coombs, hold 298,048 Ordinary Shares representing 2.5% of the enlarged ordinary share capital.
Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,904,875, which number 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.
For further information, please contact: |
|
S&U plc |
www.suplc.co.uk |
Anthony Coombs, Chairman |
0121 705 7777 |
Broker and Financial Adviser |
|
Chris Hardie / James Felix, Arden Partners |
0207 614 5917 |
Media and Investor Relations |
|
Will Swan, Smithfield |
0207 360 4900 |
