27th Sep 2013 15:57
LONDON (Alliance News) - S&U PLC Friday said Finance Director, Chris Redford, and two other directors exercised share options under its long term incentive plan (LTIP).
Redford exercised LTIP options over 8,000 shares granted in May and September 2010. He subsequently sold 4,600 shares at a price of 1400 pence per share. Redford now holds 5,095 shares, which represents less than a 1% stake in the company.
Executive Director, Mike Mullins, exercised LTIP options over 1,500 shares granted in May 2010. He subsequently sold 2,900 shares at a price of 1400 pence per share.
Executive Director Guy Thompson exercised LTIP options over 37,500 Ordinary Shares granted in September 2010. He subsequently sold 37,500 of Ordinary Shares at a price of 1400 pence per share.
Mullins and Thompson now hold no shares in the firm.
S&U also said it issued 47,000 shares of 12.5 pence each Friday in the company in order to satisfy options issued under its 2010 Long Term Incentive Plan.
Following the issue of these Ordinary Shares the Company has 11,813,425 shares in issue.
An application has been made to the London Stock Exchange for these shares to be admitted to trading and admission is expected on 3 October 2013.
The stock was trading at 1,415.00 pence Friday, up 11.00 or 0.8%.
By Anthony Tshibangu; [email protected];
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