EBT Share Purchase

RNS Number : 0665C

Soco International PLC

27 September 2018

 

SOCO International plc

(the "Company")

EBT Share Purchase

On 26 September 2018, the Company was notified that, on the same day, the SOCO Employee Benefit Trust ("SOCO EBT") purchased 1,139,861 ordinary shares of £0.05 each in the capital of the Company ("Shares") at an average price of £0.8712.

The shares were purchased by Intertrust Employee Benefit Trustee Limited as trustee of the SOCO EBT.  Following this transaction, the SOCO EBT holds 2,897,094 Shares, all of which are unallocated, representing 0.85% of the issued share capital and 0.87% of the total voting rights of the Company.

The SOCO EBT is a discretionary trust for the benefit of the Company's employees, including the Executive Directors of the Company. The Shares held by the SOCO EBT are intended to be used to satisfy current and future share awards made under the Company's employee incentive and share option award plans.  Whilst none of the Shares held by the SOCO EBT have been allocated, each Executive Director of the Company is a potential beneficiary and for that reason is technically deemed to have an interest in all of the Shares held by the SOCO EBT.

On the same day, the Company's issued share capital consisted of 341,076,911 ordinary shares of £0.05 each with voting rights.  The Company holds 9,122,268 shares in Treasury.  The total number of voting rights in the Company is therefore 331,954,643.

ENQUIRIES

SOCO International plc

Tel: + 44 (0) 20 7747 2000

Jann Brown, Managing Director and Chief Financial Officer

Carol Fan, Deputy Company Secretary

 

END

 

 

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