Director/PDMR Shareholding

RNS Number : 5946H

S & U PLC

20 May 2014

 



20 May 2014

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

Director/PDMR Shareholding

The Company has granted share options in respect of 8,500 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 20 May 2014. 

The earliest date the awards will vest is on 20 May 2017 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 3,950 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 20 May 2014. The earliest date the awards will vest is on 20 May 2017 all at an exercise price of 1892.50p 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	2,000	600	25,600
MJ Mullins	2,000	1,450	7,450
MJ Thompson	2,000	1,450	5,950
JG Thompson	2,500	450	110,950

For further information, please contact: 

Anthony Coombs, Chairman                                S&U plc                               0121 705 7777

Financial Advisers, Sponsors and Brokers

Adrian Trimmings                                              Arden Partners plc                020 7614 5920

Media and Investor Relations

Will Swan                                                          Smithfield                            020 7360 4900 

 

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