Somero Enterprises Inc. Transaction in Restricted Stock Units (RSUs) (5195N)
24 Settembre 2019 - 5:17PM
UK Regulatory
TIDMSOM
RNS Number : 5195N
Somero Enterprises Inc.
24 September 2019
24 September 2019
Somero Enterprises, Inc.
("Somero" or the "Company")
Transaction in Restricted Stock Units (RSUs)
Somero announces that on Monday, 23 September 2019, it approved
the settlement of Restricted Stock Units (RSUs) for Vincenzo
LiCausi, a PDMR of the Company, pursuant to the Somero 2010 Equity
Incentive Plan. This transaction resulted in 5,548 RSUs being
converted to common stock in the Company, at a price per share of
192.5 pence per ordinary share ("Ordinary Share"), by eligible
managers under the terms of the Somero 2010 Equity Incentive
Plan.
The price and exchange rates used for the settlement of the RSUs
reflect the closing price and exchange rates on the vesting date of
the RSUs.
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 30 September 2019. The new shares of common
stock rank pari passu with the existing common stock in the
Company.
Following the above transaction the Company's total issued share
capital will be 56,425,598 with 81,708 shares held in Treasury.
Therefore, the total number of shares with voting rights will be
56,343,890.
Enquiries:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap (NOMAD and Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Carl Holmes (Corporate Finance)
Kate Bannatyne (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
Alma PR (Financial PR Advisor)
Rebecca Sanders-Hewett somero@almapr.co.uk
Susie Hudson +44(0) 20 3405 0205
Sam Modlin
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ -----------------------------------------------------------------------------------
a. Name Vincenzo LiCausi
----------------------------------------
2 Reason for notification
----------------------------------------- ----------------------------------------
a. Position/Status PDMR
----------------------------------------- ----------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a. Name Somero Enterprises Inc.
-----------------------------------------
b. LEI 549300OQ2P18NRWBIW58
----------------------------------------- ----------------------------------------
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 Ordinary Shares of $0.001 each.
the financial
instrument, type SOM
of instrument
Identification
Code
----------------------------------------- ----------------------------------------
b. Nature of the Equity Incentive Programme
transaction
----------------------------------------- ----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----------------------------------------- ----------------
192.5p 5,548
---------------- -----------------
d. Aggregated information
- Aggregated 5,548
Volume
- Price 192.5p
----------------------------------------- -----------------------------------------------
e. Date of the transaction 23 September 2019
----------------------------------------- ----------------------------------------
f. Place of the London Stock Exchange
transaction
----------------------------------------- ----------------------------------------
Notes to Editors:
Somero Enterprises provides industry-leading concrete-levelling
equipment, training, education and support to customers in over 90
countries. The Company's cutting-edge technology allows its
customers to install high-quality horizontal concrete floors
faster, flatter and with fewer people. Somero equipment that
incorporates laser-technology and wide-placement methods is used to
place and screed the concrete slab in all building types and has
been specified for use in a wide range of commercial construction
projects for numerous global blue-chip companies.
Somero pioneered the Laser Screed market in 1986 and has
maintained its market-leading position by continuing to focus on
bringing new products to market and developing patent-protected
proprietary designs. In addition to its products, Somero offers
customers unparalleled global service, technical support, training
and education, reflecting the Company's emphasis on helping its
customers achieve their business and profitability goals, a key
differentiator to its peers.
For more information, visit www.somero.com
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END
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September 24, 2019 11:17 ET (15:17 GMT)
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