Somero Enterprises Inc. Transaction in Restricted Stock Units (8537C)
January 25 2018 - 1:00AM
UK Regulatory
TIDMSOM
RNS Number : 8537C
Somero Enterprises Inc.
25 January 2018
Somero Enterprises, Inc.
("Somero" or the "Company")
Transaction in Restricted Stock Units (RSUs)
Somero announces that, on Tuesday, 23 January 2018, it approved
the settlement, in cash, of Restricted Stock Units ("RSUs") for
non-executive Directors Lawrence Horsch and Tom Anderson. This
transaction resulted in 15,962 RSUs being settled for cash at a
price per share of 355p under the terms of the Somero 2010 Equity
Incentive Plan.
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 306,739 units.
The Company's total issued ordinary share capital is 56,425,598
shares. The Company holds 183,477 of its shares in Treasury and has
56,242,121 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 and 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
Elisabeth Cowell +44 (0)20 7382 4730
This information is provided by RNS
The company news service from the London Stock Exchange
END
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