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S & U PLC (SUS)

S & U PLC

Director/PDMR Shareholding
RNS Number : 6928W
S & U PLC
03 August 2018
 

 

03 August 2018

S & U plc ("S&U" or "the Company")

Director/PDMR Shareholding

 

The Company has today granted shadow share options in respect of 12,000 ordinary shares of 12.5p each in S & U to a Director of the Company under the Company's 2010 Long Term Incentive Plan ("LTIP"). 

 

These LTIP shadow share option awards were included in the Remuneration Policy and Annual Remuneration Report approved by shareholders at the Company's AGM in May 2018.

 

The earliest date the awards will vest is on 1 August 2021 all at an exercise price of 12.5p each. The vesting of the awards is subject to the Director remaining in employment with the Company until August 2020 and meeting specified performance targets.

 

The award is as follows:

Name of Director

 

Number of ordinary shares under shadow LTIP option

awarded

Total number of shares over which options or shadow options held under LTIP following notification

Number of ordinary shares owned outright

JG Thompson

12,000

102,000

Nil

 

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

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

John Guy Thompson

2

 

Reason for the notification

a)

 

Position/status

 

Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

S&U PLC

b)

 

LEI

213800QZ1X2A7J64SQ31

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, type of instrument

 

Identification code

Shadow share options over Ordinary shares of 12.5p each

 

ISIN:      GB0007655037

 

b)

 

Nature of the transaction

 

Grant of shadow share options in respect of 12,000 ordinary shares under the Company's 2010 Long Term Incentive Share Scheme

c)

 

Price(s) and volume(s)

 

 

Option Exercise Price(s)

Volume(s)

12.5p

12,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Option Exercise Price(s)

Volume(s)

12.5p

12,000

 

 

 

e)

 

Date of the transaction

 

3 August 2018

f)

 

Place of the transaction

Off market transaction

 

For further information, please contact:

S&U plc www.suplc.co.uk  

Enquiries:

Anthony Coombs

S&U plc

c/o Newgate Communications

Financial Public Relations

Bob Huxford, James Ash, Imogen Humphreys

                       

Newgate Communications      

020 7653 9848

SandUfpr@newgatecomms.com

 

Broker

Adrian Trimmings, Rishi Shah

Peel Hunt LLP

020 7418 8900

 


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.
 
END
 
 
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