Grant of Options

RNS Number : 3370J
Sanderson Group PLC
29 March 2018
 

FOR IMMEDIATE RELEASE                                                                       29 MARCH 2018

 

 

SANDERSON GROUP PLC

 

Grant 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 Mr Ian Newcombe, Group Chief Executive Officer and Mr Richard Mogg, Group Finance Director, have been granted options to subscribe for a total of 1,750,000 new ordinary shares of 10 pence each ('Ordinary Shares') in the Group.  Brief details of the options awarded are as follows: 

Mr Ian Newcombe:

No. of options

Option price

Earliest exercise date

Vesting conditions

500,000

25p

01.01.2019

Financial performance

250,000

25p

01.01.2020

Financial performance

500,000

25p

01.01.2021

Retention

Mr Richard Mogg:

No. of options

Option price

Earliest exercise date

Vesting conditions

125,000

25p

01.01.2019

Financial performance

125,000

25p

01.01.2020

Financial performance

250,000

25p

01.01.2021

Financial performance and retention

None of the above share options are exercisable unless the mid-price of the Ordinary Shares, as quoted by the London Stock Exchange AIM market, is above 75 pence and the Ordinary Shares issued as a result of the exercise of any of the options cannot be sold before 1 January 2021.

Following the option grant, the above reflects the extent of options held in aggregate by Mr Mogg.  Mr Newcombe holds in aggregate options over 2,258,000 ordinary shares as detailed below:

No. of options

Exercise price

Earliest exercise date

Expiry date

300,000

23p

21.05.2013

21.05.2020

118,750

30p

29.06.2014

29.06.2018

200,000

45.75p

27.11.2015

27.11.2019

31,250

30p

29.06.2014

29.06.2018

35,000

27.5p

05.04.2014

05.01.2021

200,000

71p

13.12.2016

13.12.2023

123,000

72p

17.01.2020

17.01.2024

500,000

25p

01.01.2019

29.03.2028

250,000

25p

01.01.2020

29.03.2028

500,000

25p

01.01.2021

29.03.2028

 

1

Details of PDMR/person closely associated with them ("PCA")

(a)

Name

Ian Newcombe

(b)

Position / status

Chief Executive Officer

(c)

Initial notification / amendment

Initial notification

2

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument

Options over ordinary shares of 10p each

 

Legal Entity Identifier

213800I78F2ZHZH2T148

(b)

Nature of the transaction

Grant of options

(c)

Price(s) and
volume(s)

Exercise price(s)

Volume(s)

 

25p

1,250,000

 

 

(d)

Aggregated information

Aggregated volume Price

n/a

(e)

Date of the transaction

29 March 2018

(f)

Place of the transaction

Outside of a trading venue

 

1

Details of PDMR/person closely associated with them ("PCA")

(a)

Name

Richard Mogg

(b)

Position / status

Group Finance Director

(c)

Initial notification / amendment

Initial notification

2

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument

Options over ordinary shares of 10p each

 

Legal Entity Identifier

213800I78F2ZHZH2T148

(b)

Nature of the transaction

Grant of options

(c)

Price(s) and
volume(s)

Exercise price(s)

Volume(s)

 

25p

500,000

 

 

(d)

Aggregated information

Aggregated volume Price

n/a

(e)

Date of the transaction

29 March 2018

(f)

Place of the transaction

Outside of a trading venue

 

 

Sanderson Group plc

0333 123 1400

Christopher Winn, Chairman

 

Ian Newcombe, Chief Executive

 

Richard Mogg, Finance Director

 

 

 

Singer N+1 - Nominated Advisor and Broker

020 7496 3000

Mark Taylor

James White

 

 

 

Walbrook PR
Paul Vann

0117 985 8989

or 07768 807631

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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