Transaction in Own Shares • Apr 13, 2016
Transaction in Own Shares
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RNS Number : 1062V
S & U PLC
13 April 2016
S & U PLC ("S&U" or "the Company")
Exercise and Sale of Options/ Directors' Shareholding
13 April 2016
S&U plc announces that it has today received due notices of exercise in respect of options granted to certain members of senior management under the Company's 2010 Long Term Incentive Plan ("LTIP"). The notices were in respect of a total of 10,000 ordinary shares of 12.5p each ("Ordinary Shares") at the exercise price of 12.5 pence per share. These 10,000 Ordinary Shares were admitted to trading on 13 April 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 placed with two Directors at a price of £21.80 per share.
Mr Anthony Coombs, Chairman, acquired 5,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,341,027 Ordinary Shares representing 11.2 per cent of the enlarged ordinary share capital.
Mr Graham Coombs, Deputy Chairman, acquired 5,000 Ordinary Shares bringing his shareholding (including beneficial shareholdings) to 1,567,207 Ordinary Shares representing 13.1 per cent of the enlarged ordinary share capital.
In addition to the above holdings, Grevayne Properties Limited, a Company beneficially controlled by Anthony Coombs and Graham Coombs, hold 298,048 Ordinary Shares representing 2.5% of the enlarged ordinary share capital.
Following the issue of these Ordinary Shares, the total number of voting rights in S&U is 11,939,875, 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 |
This information is provided by RNS
The company news service from the London Stock Exchange
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