Sumo Group PLC Awards under the Share Incentive Plan to PDMRs (6830T)
July 22 2020 - 1:00AM
UK Regulatory
TIDMSUMO
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:
Total Share % of Issued
Executive Partnership Matching Total Holding Share Capital
Director Shares Shares Share Award Post Award
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 / (i) Chief Executive Officer
status (ii) Chief Financial Officer
(iii) Chief Operating Officer
---------------------- --------------------------------------------------
b) Initial notification Initial notification
/amendment
---------------------- --------------------------------------------------
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 Ordinary Shares of 1p each
of the financial
instrument
---------------------- --------------------------------------------------
b) Identification ISIN for Sumo Group plc: GB00BD3HV384
code of the
Financial Instrument
---------------------- --------------------------------------------------
c) Nature of the Acquisition of Ordinary Shares in Sumo Group
transaction plc by the SIP Trustees pursuant to the SIP
---------------------- --------------------------------------------------
d) Price(s) and Price Volume
volume(s) (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 N/A
information
- Aggregated
volume
- Price
---------------------- --------------------------------------------------
f) Date of the 20 July 2020
transaction
---------------------- --------------------------------------------------
g) Place of the Partnership Shares - London Stock Exchange (XLON)
transaction 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.
END
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