Business
Exercise & Sale of Options/ Directors Shareholding
Exercise & Sale of Options/ Directors Shareholding.
About this update from S&u Plc
[{"type":"text","content":"\n \nRNS Number : 1062V S & U PLC 13 April 2016 \n\n S & U PLC (\"S&U\" or \"the Company\")\nExercise and Sale of Options/ Directors' Shareholding\n13 April 2016\n \nS&U plc announces that it has today received due notices of exercise in respect of options granted to certain members of senior management under the Company's 2010 Long Term Incentive Plan (\"LTIP\"). The notices were in respect of a total of 10,000 ordinary shares of 12.5p each (\"Ordinary Shares\") at the exercise price of 12.5 pence per share. These 10,000 Ordinary Shares were admitted to trading on 13 April 2016 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari pasu with existing Ordinary Shares. These shares were placed with two Directors at a price of £21.80 per share. \n \nMr Anthony Coombs, Chairman, acquired 5,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,341,027 Ordinary Shares representing 11.2 per cent of the enlarged ordinary share capital.\n \nMr Graham Coombs, Deputy Chairman, acquired 5,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,567,207 Ordinary Shares representing 13.1 per cent of the enlarged ordinary share capital.\n \nIn 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.\n \nFollowing the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,939,875, 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.\n \nFor further information, please contact: \n \n \n\n\n\n\nAnthony Coombs, Chairman\n \n\n\nS&U plc (www.suplc.co.uk)\n\n\n0121 705 7777\n\n\n\n\nBroker and Financial Adviser \nChris Hardie \n \n\n\nArden Partners\n\n\n0207 614 5917\n\n\n\n\nMedia and Investor Relations\nWill Swan\n\n\nSmithfield\n\n\n0207 360 4900\n \n\n\n\n\n&n...