Director/PDMR Shareholding
Updated : 07:09
1 August 2019
S & U PLC ("S&U" or "the Company")
Director/PDMR Shareholding
The Company has granted shadow share options in respect of 12,000 ordinary shares of 12.5p each in S & U to a Director of the Company under the Company's 2010 Long Term Incentive Plan ("LTIP").
These LTIP shadow share option awards were all made on 1 August 2019 and were included in the Remuneration Policy and Annual Remuneration Report approved by shareholders at the Company's AGM in May 2018.
The earliest date the awards will vest is on 1 August 2022 all at an exercise price of 12.5p each. The vesting of the awards is subject to the Director remaining in employment with the Company until August 2020 and meeting specified performance targets.
The award is as follows:
Name of Director
| Number of ordinary shares under shadow LTIP option awarded | Total number of shares over which options or shadow options held under LTIP following notification | Number of ordinary shares owned outright |
JG Thompson | 12,000 | 71,000 | Nil |
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| John Guy Thompson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| S&U PLC | ||||
b)
| LEI
| 213800QZ1X2A7J64SQ31
| ||||
4
| 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, type of instrument
Identification code
| Shadow share options over Ordinary shares of 12.5p each
ISIN: GB0007655037
| ||||
b)
| Nature of the transaction
| Grant of shadow share options in respect of 12,000 ordinary shares under the Company's 2010 Long Term Incentive Share Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
| ||||
e)
| Date of the transaction
| 1st August 2019 | ||||
f)
| Place of the transaction
| Solihull |
Enquiries:
Anthony Coombs | S&U plc | c/o Newgate Communications |
Financial Public Relations Bob Huxford, Tom Carnegie, Megan Kovach
| Newgate Communications | 020 7653 9848 SandUfpr@newgatecomms.com
|
Broker Adrian Trimmings, Rishi Shah | Peel Hunt LLP | 020 7418 8900 |
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