S & U PLC ("S&U" or "the Company")
Notification of Major Interest in Shares and Director/PDMR Shareholding
19 December 2016
S&U were advised on 19 December 2016 that Jennifer Coombs has today transferred 250,000 shares to Fiann Coombs at nil cost and 250,000 shares to another family member also at nil cost.
Following this transfer, the holding of Jennifer Coombs is 1,855,698 Ordinary Shares representing 15.5% of the total voting rights of the Company.
Following this transfer, the holding of Fiann Coombs who is a non-executive director of S&U is 283,550 Ordinary Shares representing 2.4% of the total voting rights of the Company.
The information set out below is provided in accordance with the requirements of DTR 5.3.1R
Notification of Major Interest in Shares
| 1. Identity of the issuer or the underlying issuer | S & U plc | |||
| 2 Reason for the notification (please tick the appropriate box or boxes): | ||||
| An acquisition or disposal of voting rights | Yes | |||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | |||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | |||
| An event changing the breakdown of voting rights | No | |||
| Other (please specify): | | No | ||
| 3. Full name of person(s) subject to the | Jennifer Coombs | |||
| 4. Full name of shareholder(s) | | |||
| 5. Date of the transaction and date on | 19 December 2016 | |||
| 6. Date on which issuer notified: | 19 December 2016 | |||
| 7. Threshold(s) that is/are crossed or | 19% & 16% | |||
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| 8. Notified details: | ||||||||||||||||||
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| A: Voting rights attached to shares viii, ix | ||||||||||||||||||
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| Class/type of
| Situation previous | Resulting situation after the triggering transaction | ||||||||||||||||
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| Number | Number | Number | Number of voting | % of voting rights x | ||||||||||||||
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| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||||
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| 12.5p Ordinary Shares
| 2,355,698 | 2,355,698 | 1,855,698 | 1,855,698 | | 15.5% | | |||||||||||
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| B: Qualifying Financial Instruments | ||||||||||||||||||
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| Resulting situation after the triggering transaction | ||||||||||||||||||
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| Type of financial | Expiration | Exercise/ | Number of voting | % of voting | ||||||||||||||
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| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||||
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| Resulting situation after the triggering transaction | ||||||||||||||||||
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| Type of financial | Exercise price | Expiration date xvii | Exercise/ | Number of voting rights instrument refers to
| % of voting rights xix, xx
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| Nominal | Delta | ||||||||||||
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| Total (A+B+C) | ||||||||||||||||||
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| Number of voting rights | Percentage of voting rights | |||||||||||||||||
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| 1,855,698 | 15.5% | |||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the |
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| Proxy Voting: |
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| 10. Name of the proxy holder: | |
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| 11. Number of voting rights proxy holder will cease | |
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| 12. Date on which proxy holder will cease to hold | |
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| 14. Contact name: | Chris Redford, Company Secretary S&U plc |
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| 15. Contact telephone number: | 0121 705 7777 |
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The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
| Fiann Coombs
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| 2
| Reason for the notification
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| a)
| Position/status
| Director | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| a)
| Name
| S&U PLC | ||||
| b)
| LEI
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| 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
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| a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 12.5p each
ISIN : GB0007655037
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| b)
| Nature of the transaction
| Transfer of ordinary shares | ||||
| c)
| Price(s) and volume(s)
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| d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
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| e)
| Date of the transaction
| 19 December 2016 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||