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RNS Number : 9934Y
Sumo Group PLC
14 May 2019
 

14 May 2019

 

Sumo Group plc

("Sumo Group" or the "Company")

 

Awards under The Sumo Group plc Share Incentive Plan to PDMRs

 

The Company announces that it received notification on 14 May 2019 from Link Market Services Trustees Limited (the "SIP Trustee") that the SIP Trustee awarded ordinary shares of 1p each in the Company ("Ordinary Shares") to executive directors under the Sumo Group plc Share Incentive Plan (the "SIP") on 13 May 2019. 

 

Under the terms of the SIP, each eligible employee can contribute from monthly salary to purchase Partnership Shares and the Company matches these by awarding one Matching Share for each three Partnership Shares purchased.

 

In respect of the Matching Shares, the SIP award has been satisfied by the allocation of shares held by the SIP Trustee from lapsed awards previously held by other participants.

 

In respect of the Partnership Shares, the SIP Trustee has purchased a total of 3,686 Ordinary Shares at a price of 146.5 p per share.

 

PDMR Dealing

 

As participants in the SIP, the Executive Directors are deemed to have an interest in the shares awarded to them and held by the SIP Trustee. Details of the awards under the SIP to Persons Discharging Managerial Responsibility ("PDMR") are set out below:

 



PDMR


Partnership Shares


Matching Shares


Total Share Award

Total Share Holding Post Award

% of Issued Share Capital

Carl Cavers

1,229

410

1,639

6,605,116

4.4%

David Wilton

1,229

410

1,639

65,709

0.04%

Paul Porter

1,228

409

1,637

6,203,728

4.13%

 

 

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 

1.

Details of PDMR / person closely associated

a)

Name

(i)           Carl Cavers

(ii)          David Wilton

(iii)         Paul Porter

 

2.

Reason for the notification

a)

Position / status

(i)           Chief Executive Officer

(ii)          Chief Financial Officer

(iii)         Chief Operating Officer

 

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

Sumo Group plc

b)

LEI

213800LTZXJCG5QKIM14

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

Ordinary Shares of 1p each

b)

Identification code of the Financial Instrument

ISIN for Sumo Group plc: GB00BD3HV384

c)

Nature of the transaction

Acquisition of Ordinary Shares in Sumo Group plc by the SIP Trustees pursuant to the SIP

 

d)

Price(s) and volume(s)

Price

Volume

(i)           Partnership Shares 146.5 p

1229

Matching Shares 0 p

410

(ii)          Partnership Shares 146.5 p

1229

Matching Shares 0 p

410

(iii)         Partnership Shares 146.5 p

1228

Matching Shares 0 p

409

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

 

 

 

f)

Date of the transaction

Xx May 2019

g)

Place of the transaction

London Stock Exchange (XLON)

 

 


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