Exercise and Sale of Options

RNS Number : 7447A

S & U PLC

09 June 2016

 

 S & U PLC ("S&U" or "the Company")

Exercise and Sale of Options

9 June 2016

S&U plc announces that it has yesterday received due notices of exercise in respect of options granted to a member of senior management under the Company's 2010 Long Term Incentive Plan ("LTIP"). The notices were in respect of a total of 2,667 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. These 2,667 Ordinary Shares were admitted to trading on 8 June 2016 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari pasu with existing Ordinary Shares. These shares were sold in the market at a price of £23.50 per share.

Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,950,042, which number should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the share capital of S&U under the FCA's Disclosure and Transparency rules.

For further information, please contact: 

Anthony Coombs, Chairman                            S&U plc (www.suplc.co.uk)               0121 705 7777

Broker and Financial Adviser

Chris Hardie                                                   Arden Partners                                  0207 614 5917

Media and Investor Relations

Will Swan                                                      Smithfield                                           0207 360 4900 

 

END

 

 

MSCMMGGVGLKGVZM