Exercise of Share Options

RNS Number : 2361W

Sanderson Group PLC

25 April 2016

 

FOR IMMEDIATE RELEASE                                                                                       25 APRIL 2016

SANDERSON GROUP PLC

Exercise of Options

Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses in the manufacturing, wholesale distribution and logistics sectors, announces that an ex-employee has exercised options over 50,000 ordinary shares ('New Ordinary Shares'). The options were issued under the Group's Unapproved scheme at a price of 23 pence per ordinary share. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 29 April 2016.

The New Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the existing Sanderson ordinary shares.  Following allotment of the New Ordinary Shares, Sanderson will have in issue 54,851,985 ordinary shares.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Sanderson, under the Disclosure and Transparency Rules.

Sanderson Group plc                                   0333 123 1400

Christopher Winn, Chairman

Ian Newcombe, Chief Executive Officer

Adrian Frost, Finance Director

Panmure Gordon (UK) Limited                    020 7886 2500

Nominated Advisor 

Erik Anderson/Fred Walsh

Walbrook PR                                              0117 985 8989

Paul Vann                                                   or 07768 807631

 

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