Sumo Group PLC Awards under Long Term Incentive Plan to PDMRs (2744V)
April 13 2021 - 1:58AM
UK Regulatory
TIDMSUMO
RNS Number : 2744V
Sumo Group PLC
13 April 2021
13 April 2021
Sumo Group plc
("Sumo Group" or the "Company")
Awards under the Sumo Group plc Long Term Incentive Plan to
PDMRs
The Company announces that it has today made awards to executive
directors under the Sumo Group plc Long Term Incentive Plan.
The awards are in the form of nil cost options, with vesting
subject to a three-year performance target.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation (as retained in UK law), provides
further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
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 Grant of options
---------------------------------------------------- -----------------------------------------
d) Price(s) and volume(s) Prices Volumes
(i) Carl Cavers 129,688
(ii) David Wilton 106,221
(iii) Paul Porter 111,985
---------------------------------------------------- -----------------------------------------
e) Aggregated information N/A
- Aggregated volume
- Price
---------------------------------------------------- -----------------------------------------
f) Date of the transaction 13 April 2021
---------------------------------------------------- -----------------------------------------
g) Place of the transaction Outside a trading venue
---------------------------------------------------- -----------------------------------------
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
& 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 (cvalentine@belvederepr.com) Tel: +44 (0) 7715 769 078
Keeley Clarke (kclarke@belvederepr.com) Tel: +44 (0) 7967 816 525
Llew Angus (langus@belvederepr.com) Tel: +44 (0) 7407 023 147
SumoPR@belvederepr.com
About Sumo Group - www.sumogroupplc.com
Sumo Group's businesses provide acclaimed development, design
and publishing services to the video games and entertainment
industries from studios in the UK, India, Canada, the US, and
Poland.
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, Lab42 in
Leamington Spa and PixelAnt Games in Wroclaw, Poland. Sumo Digital
provides turnkey and co-development solutions to a global blue-chip
client base.
Pipeworks is an innovative, well-established, and respected US
video games developer based in Eugene, Oregon. It provides full
development, co-development, and live operations to premier video
game publishers and other partners.
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.
Secret Mode is a video games publisher, focused on delivering
fresh and new gaming experiences to players and building expansive
and fulfilling communities around those games. It will publish
titles developed within Sumo Group and also by independent
developers.
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