Director/PDMR Shareholding

RNS Number : 0157E

S & U PLC

03 May 2013

 



3 May 2013

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

Director/PDMR Shareholding

The Company has granted share options in respect of 17,000 ordinary shares of 12.5p each in S & U to certain Company Directors under the Company's 2010 Long Term Incentive Plan ("LTIP"). 

The LTIP option awards were all made on 2 May 2013. 

The earliest date the awards will vest is on 2 May 2016 all at an exercise price of 12.5p each.  The vesting of the awards is subject to each person remaining in employment with the Company for three years from the date of the award and meeting challenging performance targets.

The Company has also granted share options in respect of 3,900 ordinary shares of 12.5p each in S&U to certain Company Directors under the Company's 2008 Discretionary Share Option Plan ("DSOP"). 

The DSOP option awards were all made on 2 May 2013. The earliest date the awards will vest is on 2 May 2016 all at an exercise price of 1160.0p each. The vesting of awards is subject to each person remaining in employment with the Company for three years from the date of award and meeting challenging performance targets over this period.

The awards are as follows:

Name of Director	Number of ordinary shares under LTIP option awarded	Number of ordinary shares under DSOP option awarded		Total number of shares over which options held under LTIP and DSOP following notification
CH Redford	6,000	1,500		20,995
MJ Mullins	6,000	1,200		15,200
MJ Thompson	5,000	1,200		8,700

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 5920

Media and Investor Relations

Will Swan/ Rebecca Hunt                                             Smithfield                          020 7360 4900 

 

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