Somero Enterprises Inc. Transactions in Own Shares and RSUs (8334M)
24 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMSOM
RNS Number : 8334M
Somero Enterprises Inc.
24 September 2021
Somero Enterprises Inc.
("Somero" or the "Company")
Transactions in Own Shares and Restricted Stock Units
Somero announces that on 23 September 2021 it approved the
settlement of 5,548 Restricted Stock Units (RSU's) in exchange for
an equivalent number of common stock shares of the Company at a
price of 540p, reflecting the close price on the day of settlement,
as permitted under the 2020 Equity Incentive Plan approved by the
Board of Directors on December 3, 2019.
Application will be made to the London Stock Exchange for
admission to trading on AIM of the shares of common stock in the
Company to satisfy this common stock award ("Admission"). Admission
is expected to occur on or about 30 September 2021. The new shares
of common stock will rank pari passu with the existing common stock
in the Company.
In conjunction with this common stock award, the Board of the
Company has approved the cancellation of the equivalent number of
shares held in Treasury.
Unless determined otherwise by the Equity Incentive Plan
administrator, each RSU will be equal to one share of common stock
in the Company and will entitle the Grantee to either shares of
common stock or an amount of cash determined with reference to the
value of shares of common stock at the discretion of the
Company.
Following the above transaction, total outstanding RSUs will
equal 686,856 units and the Company's total issued share capital
will be 56,357,064 with 237,787 shares held in Treasury. Therefore,
the total number of shares with voting rights will be
56,119,277.
For further information, please contact:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Kate Bannatyne (Corporate Finance)
Tim Redfern/Richard Chambers (ECM)
Alma PR (Financial PR Advisor) somero@almapr.co.uk
David Ison +44 (0)20 3405 0205
Sam Modlin
Molly Gretton
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Vincenzo LiCausi
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2. Reason for the Notification
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a) Position/status Vice-President of Finance and Controller
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b) Initial notification/Amendment Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name Somero Enterprises Inc.
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b) LEI 549300OQ2P18NRWBIW58
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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
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a) Description of the ordinary shares of $0.001 each ("Ordinary
Financial instrument, Shares")
type of instrument
Identification code SOM
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b) Nature of the transaction Employee Share Award
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c) Price(s) and volume(s) Price: 540 p
Volume: 5,548
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d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- ------------------------------------------
e) Date of the transaction 23 September 2021
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f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
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END
POSSEMEFDEFSESU
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September 24, 2021 02:00 ET (06:00 GMT)
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