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RNS Number : 6830T
Sumo Group PLC
22 July 2020
 

22 July 2020

 

Sumo Group plc

("Sumo Group" or the "Company")

 

Awards under The Sumo Group plc Share Incentive Plan to Executive Directors

 

The Company announces that it received notification on 21 July 2020 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 20 July 2020. 

 

Under the terms of the SIP, each eligible employee can contribute from 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 issue of 918 new Ordinary Shares to the SIP Trustee at a subscription price of 1p per share, being the nominal value of the shares. The SIP Shares shall rank equally with the existing issued shares of the Company. The SIP Shares will be allocated out of the shares which were the subject of the block listing announced on 5 July 2018.

 

In respect of the Partnership Shares, the SIP Trustee has purchased (using the cash contributions made by the Executive Directors) a total of 2,754 Ordinary Shares at a price of 196 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 the Executive Directors are set out below:

 


Executive Director


Partnership Shares


Matching Shares


Total Share Award

Total Share Holding Post Award

% of Issued Share Capital

Carl Cavers

918

306

1,224

4,651,340

2.92

David Wilton

918

306

1,224

336,933

0.21

Paul Porter

918

306

1,224

4,505,148

2.83

 

 

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 196 p

918

Matching Shares 0 p

306

(ii)           Partnership Shares 196 p

918

Matching Shares 0 p

306

(iii)          Partnership Shares 196 p

918

Matching Shares 0 p

306

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

 

 

 

f)

Date of the transaction

20 July 2020

g)

Place of the transaction

Partnership Shares - London Stock Exchange (XLON)

Matching Shares - off market

 

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 / Bruce Garrow

  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 plc

 

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 three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds and Lab42 in Leamington Spa. 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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