Somero Enterprises Inc. Transaction in Restricted Stock Units (6360V)
January 31 2017 - 9:24AM
UK Regulatory
TIDMSOM
RNS Number : 6360V
Somero Enterprises Inc.
31 January 2017
Somero Enterprises, Inc.
("Somero" or the "Company")
Transaction in Restricted Stock Units (RSUs)
Somero announces that on Monday, 30 January 2017, it approved
the settlement in cash of Restricted Stock Units (RSUs) for John T.
Cooney and 17 non-director employees. This transaction resulted in
148,088 RSUs being settled for cash at a price per share of 252.5p
under the terms of the Somero 2010 Equity Incentive Plan.
Of the 148,088 RSUs being settled for cash, 59,977 RSUs were
held by John T. Cooney, CEO and Executive Director.
The price and exchange rates used for the cash settlement of the
RSUs reflect the closing price and exchange rates on the 3 year
vesting date of the RSUs.
After taking into account the above cash settlement of RSU
units, there remain outstanding RSUs equal to 260,643 units.
Mr. Cooney's beneficial interest in Somero remains at 1,414,634
ordinary shares, or 2.52% of Somero's total voting rights.
The Company's total issued ordinary share capital is 56,425,598
shares. The Company holds 221,996 of its shares in Treasury and has
56,203,602 ordinary shares in issue excluding Treasury shares which
was unchanged by the above transaction.
Enquiries:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD & Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Carl Holmes (Corporate Finance)
Tim Redfern (Corporate Broking)
Redleaf Communications Ltd (Financial PR Advisor) somero@redleafpr.com
Rebecca Sanders-Hewett +44 (0)20 7382 4730
David Ison
Susie Hudson
This information is provided by RNS
The company news service from the London Stock Exchange
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