Supreme PLC Grant of Options under 2021 SAYE Scheme (9049S)
March 19 2021 - 08:13AM
UK Regulatory
TIDMSUP
RNS Number : 9049S
Supreme PLC
19 March 2021
19 March 2021
Supreme plc
("Supreme" or the "Company" or the "Group")
Grant of Options under 2021 SAYE Scheme
Supreme plc (AIM: SUP), a leading manufacturer, supplier and
brand owner of fast-moving consumer products announces the grant of
options to employees under its Sharesave Option Scheme for 2021
(the "SAYE Scheme"). Full details are set out in the Company's AIM
Admission Document. Grants under the SAYE Scheme may be made by the
Company as subscription options.
All employees of the Group (including executive directors) as at
3 March 2021 (the "Eligible Employees") have been invited to
participate in the SAYE Scheme.
Eligible Employees were invited to subscribe for options over
Supreme's ordinary shares of 10p each ("Shares") with an exercise
price of 1.52p, which represents a 20% discount to the closing
middle market price of 190p per Share ("Options") on 2 March 2021,
being the trading day before the invitation for employees to
participate was made. Other than in the case of a takeover or
demerger or similar event, an option will generally be exercisable
by the holder in relation to the SAYE Scheme within the 6 month
period after the bonus becomes payable on his or her relevant
savings contract. Any option not so exercised will lapse. There are
no conditions of exercise in relation to options granted under the
SAYE Scheme.
A total of 100 Eligible Employees elected to participate in the
SAYE Scheme, including and pursuant to these elections, options
over a total of 438,620 Shares have been granted representing 0.38%
of the Company's current issued share capital.
Suzanne Smith, Chief Financial Officer of the Company, has
elected to participate in the SAYE scheme and is included in the
total figures above. Pursuant to the SAYE Scheme she has 11,842
Shares under Option.
Following the SAYE Scheme grants to Eligible Employees including
Suzanne Smith, the Company will have options outstanding over
6,677,271 shares, representing 5.73% 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).
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 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 financial Ordinary shares
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 11,842
--------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 18 March 2021
----------------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- ---------------------------------------
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END
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