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RNS Number : 3055L
Sumo Group PLC
29 April 2020
 

29 April 2020

 

Sumo Group plc

("Sumo Group" or the "Company")

 

Awards under the Sumo Group plc Long Term Incentive Plan to PDMRs

 

The Company announces that awards were made to executive directors under the Sumo Group plc Long Term Incentive Plan on 27 April 2020. 

 

The awards are in the form of nil cost options, with vesting subject to a three-year performance target.

 

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

Grant of options

 

d)

Price(s) and volume(s)

Prices

Volumes

(i)            Carl Cavers

165,441

(ii)           David Wilton

131,801

(iii)          Paul Porter

138,970

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

 

 

 

f)

Date of the transaction

27 April 2020

g)

Place of the transaction

Outside a trading venue

 

Enquiries:



Sumo Group plc

Via Belvedere Communications

Carl Cavers, Chief Executive Officer

Tel: +44 (0) 7715 769 078

David Wilton, Chief Financial Officer




Zeus Capital Limited (Nominated Adviser & Joint Broker)


Nick Cowles / Andrew Jones

Tel: +44 (0) 161 831 1512

Ben Robertson / John Goold

 Tel: +44 (0) 203 829 5000



Investec Corporate & Investment Banking (Joint Broker)


David Flin

  Tel: +44 (0) 207 597 5970



Belvedere Communications Limited

                                      

Cat Valentine

Tel: +44 (0) 7715 769 078

Keeley Clarke

Tel: +44 (0) 7967 816 525

Llew Angus

Tel: +44 (0) 7407 023 147


 SumoPR@belvederepr.com

 

About Sumo Group - www.sumogroupplc.com

 

Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, and Canada.

 

Sumo Digital, as the Group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired two studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton and Red Kite Games in Leeds. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.

 

Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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