Supreme PLC Director/PDMR Shareholding (7096R)
March 10 2021 - 1:00AM
UK Regulatory
TIDMSUP
RNS Number : 7096R
Supreme PLC
10 March 2021
10 March 2021
Supreme plc
("Supreme" or the "Company" or the "Group")
Company Share Option Plan 2021, Unapproved Share Option Scheme
2021
&
Grant of Awards to Directors
Supreme plc (AIM: SUP) , a leading manufacturer, supplier and
brand owner of fast-moving consumer products announces the launch
of its Company Share Option Plan ("CSOP") and its Unapproved Share
Option Scheme for 2021 and the grant of options to Directors.
Company Share Option Plan 2021 ("CSOP") and Unapproved Share
Option Scheme 2021 ("Unapproved Scheme")
Under the tax-advantaged CSOP a limited number of eligible
employees have been granted options to subscribe for ordinary
shares in the Company of 10p each ("Shares"), with an exercise
price of 174 pence per Share equal to the closing middle market
price on 15 February 2021. The options were granted on 16 February
2021 and will be exercisable by the holder at any time between the
third and tenth anniversaries of the date of the grant. Upon
exercise, the relevant Shares will be allotted and further
announcements will be made regarding this in due course. Some of
those employees have been granted additional options on the same
basis under the Unapproved Scheme to the extent that the total
number of options granted to them exceeded the maximum number
permitted to be granted under the CSOP by HMRC rules.
23 employees have been granted options under the CSOP over a
total of 206,886 Shares and 4 employees have been granted options
under the Unapproved Scheme over a total of 94,825 Shares, being in
aggregate 301,711 Shares representing in total 0.26% of the
Company's issued share capital.
Grant of options to Directors
As outlined in the Company's Admission Document, dated 27
January 2021, the Company has now made the following grants to
Sandy Chadha and Suzanne Smith ("Director Options"). These were
made yesterday under the Unapproved Scheme.
Options to subscribe for a total of 5,825,000 Shares at nominal
value were granted to Sandy Chadha in two equal tranches each
equating to 2.5 per cent. of the issued share capital of the
Company as at the date of admission on 1 February 2021
("Admission"). Each tranche of options will be subject to a
performance condition which must be wholly satisfied for the
relevant option to be exercisable. The performance condition for
the first tranche of options is that total shareholder return per
Share ("TSR") from Admission until the third anniversary of
Admission is at least 100 per cent. of the placing price of 134
pence as at Admission (the "Placing Price"). The performance
condition for the second tranche of options is that the TSR from
Admission until the fifth anniversary of Admission is at least 200
per cent. of the Placing Price.
Options to subscribe for up to 111,940 Shares at nominal value
were granted to Suzanne Smith. The options are subject to a
performance condition requiring an average annual TSR of 7.5 per
cent. to become exercisable in part and an annual average TSR of 10
per cent. to become fully exercisable, in each case measured over a
period of 3 years from Admission as against the Placing Price.
Following the CSOP, Unapproved Scheme awards and the Director
Options, the Company will have options outstanding over 6,238,651
shares, representing 5.36% of the Company's issued share capital
(plus a further 1,667,722 for options granted prior to Admission
representing a further 1.43% of the Company's issued share
capital).
Further options or share awards made at the discretion of the
Company following the date of this announcement are (together with
the CSOP, the Unapproved Scheme awards and the Director Options in
this announcement but excluding options issued prior to Admission)
subject to a cap not exceeding 10 per cent. of the issued share
capital of the Company.
Contacts
Supreme plc
Sandy Chadha, Chief Executive Officer via Vigo Communications
Suzanne Smith, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0)20 7383
5100
Philip Secrett/Samantha Harrison/Harrison
Clarke/Seamus Fricker
Berenberg (Broker) Tel: +44 (0)20 3207
7800
Chris Bowman/Mark Whitmore/Jen Clarke/Samuel
Parry
Vigo Communications (PR adviser to the Tel: +44 (0)20 7390
Group) 0230
Jeremy Garcia
Antonia Pollock
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sandy Chadha
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Director, Chief Executive Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Supreme plc
------------------------------------- ----------------------------------------
b) LEI 213800DBHCI5WQWECL16
------------------------------------- ----------------------------------------
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 Ordinary shares
financial instrument,
type of instrument
Identification code GB00BDT89C08
b) Nature of the transaction Grant of options
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------ -----------------
Price(s) Volume(s)
------------------ -----------------
Nil 5,825,000
------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 9 March 2021
------------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Suzanne Smith
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Director, Chief Financial Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Supreme plc
------------------------------------- ----------------------------------------
b) LEI 213800DBHCI5WQWECL16
------------------------------------- ----------------------------------------
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 Ordinary shares
financial instrument,
type of instrument
Identification code GB00BDT89C08
b) Nature of the transaction Grant of options
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------ -----------------
Price(s) Volume(s)
------------------ -----------------
Nil 111,940
------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 9 March 2021
------------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ----------------------------------------
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END
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