Director/PDMR Shareholding

RNS Number : 3895H

S & U PLC

27 May 2011

 



27 May 2011

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

Director/PDMR Shareholding

The Company has granted share options in respect of a number of ordinary shares in S & U PLC to Company directors under the Company's 2010 Long Term Incentive Plan ("LTIP"). 

The option awards were all made on 26 May 2011. 

The earliest date the awards will vest is on 26 May 2014.  Under the terms of the LTIP two exceptional awards of 10,000 options each were made to AMV Coombs and GDC Coombs in recognition of their exceptional management of the group in a difficult economic climate over the past year. The vesting of these exceptional awards is subject to remaining in employment with the Company for three years. The vesting of the other awards to JG Thompson, CH Redford, MJ Mullins and MJ Thompson is subject to remaining in employment with the Company for three years and meeting stretching performance targets.

The awards are as follows:

Name of Director	Number of ordinary shares under option	Exercise price (p)	Total number of shares over which options held under LTIP and DSOP following notification
AMV Coombs	10,000	12.5	20,000
GDC Coombs	10,000	12.5	20,000
JG Thompson	7,500	12.5	62,702
CH Redford	3,500	12.5	18,495
MJ Mullins	4,000	12.5	13,500
MJ Thompson	2,500	12.5	2,500

For further information, please contact: 

Anthony Coombs, Chairman                S&U plc                                   0121 705 7777

Financial Advisers, Sponsors and Brokers

Adrian Trimming/ Jamie Cameron         Arden Partners plc                    020 7614 5900

Media and Investor Relations

Will Swan/ Rebecca Whitehead            Smithfield                                 020 7360 4900 

 

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