25th May 2012 17:15
25 May 2012
S&U plc
("S&U" or "the Company")
Director/PDMR Shareholding - Correction
The following amendment has been made to the Director/PDMR Shareholding announcement released on 25 May 2012 at 16.32 under RNS No 1626E.
The exercise price of the share options are 730p not 12.5p as disclosed in the prior announcement.
All other details remain unchanged.
The full amended text is shown below.
25 May 2012
S & U PLC ("S&U" or "the Company")
Director/PDMR Shareholding
The Company has granted share options in respect of 8,125 ordinary shares of 12.5p each in S&U to certain Company Directors under the Company's 2008 Discretionary Share Option Plan ("DSOP").
The option awards were all made on 24 May 2012. The earliest date the awards will vest is on 24 May 2015 all at an exercise price of 730p each. The vesting of awards is subject to each person remaining in employment with the Company for three years from the date of award and meeting challenging performance targets over this period.
The awards are as follows:
Name of Director
| Number of ordinary shares under option awarded | Total number of shares over which options held under LTIP and DSOP following notification |
JG Thompson | 3,000 | 67,202 |
CH Redford | 2,000 | 19,995 |
MJ Mullins | 1,125 | 18,125 |
MJ Thompson | 2,000 | 7,000 |
For further information, please contact:
Anthony Coombs, Chairman S&U plc 0121 705 7777
Financial Advisers, Sponsors and Brokers
Adrian Trimmings/ Jamie Cameron Arden Partners plc 020 7614 5920
Media and Investor Relations
Will Swan/ Rebecca Whitehead Smithfield 020 7360 4900
Related Shares:
S & U