Exercise of Share Options

RNS Number : 1920C

Sanderson Group PLC

11 April 2017

 

FOR IMMEDIATE RELEASE                                                                            11 APRIL 2017           

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 operating in the manufacturing, wholesale distribution and logistics sectors, announces that an employee has exercised options over 35,000 ordinary shares. The options were issued under the Group's EMI scheme at an exercise price of 70.5 pence per share.  Application has been made for the 35,000 new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 19 April 2017.

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 55,006,001 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
Adrian Frost, Finance Director
Singer N+1 - Nominated Advisor and Broker	020 7496 3000
Mark Taylor
Walbrook PR Paul Vann	0117 985 8989 or 07768 807631

 

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