Director/PDMR Shareholding

RNS Number : 5553F

S & U PLC

24 May 2013

 



24 May 2013

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

Director/PDMR Shareholding

The Company has granted share options in respect of 65,000 ordinary shares of 12.5p each in S & U to a Company Director under the Company's 2010 Long Term Incentive Plan ("LTIP"). 

We announced our intention to seek shareholder approval to grant this award on 4 October 2012 and further to the passing of resolution 9 at the S&U AGM today, this approval has now been given.

The options award was made on 24 May 2013. 

The earliest date the award will be capable of exercise is on 29 August 2018 at an exercise price of 12.5p each. Under the terms of the LTIP the exceptional award of 65,000 options was made to JG Thompson. The vesting of these options will be subject to rigorous performance conditions from the financial year ending 31 January 2014 up to year ending 31 January 2018 (20% of options can vest at the end of each year). The vesting of these options is also subject to remaining in employment with the Company until 29 August 2018.

The award is as follows:

Name of Director	Number of ordinary shares under option awarded	Total number of shares over which options held under LTIP and DSOP following notification
JG Thompson	65,000	155,702

For further information, please contact: 

Anthony Coombs, Chairman                          S&U plc                               0121 705 7777

Financial Advisers, Sponsors and Brokers

Adrian Trimmings/ Jamie Cameron                Arden Partners plc                 020 7614 5920

Media and Investor Relations

Will Swan/ Rebecca Hunt                             Smithfield                               020 7360 4900 

 

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