REG - Somero Enterprises - RSUs & Director/PDMR Shareholding

Somero EnterprisesAnnouncement

Mon 16:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260323:nRSW7554Xa&default-theme=true

RNS Number : 7554X  Somero Enterprises Inc.  23 March 2026

Somero Enterprises Inc.

 

("Somero" or the "Company")

 

Restricted Stock Units and

Director/PDMR Shareholding

 

Senior Management Equity Bonus Program and Restricted Stock Unit Settlement

The Board of the Company has approved the issuance of 19,510 new shares of
common stock to senior managers, under Somero's 2025 Equity Bonus Plan (the
"Plan"). Under the Plan, eligible senior managers were able to choose to
receive up to 100% of their 2025 annual performance bonus in shares of common
stock in the Company. The shares issued to participating senior managers are
fully-vested with no performance conditions.

In addition, Somero announces it approved the settlement of 13,001 Restricted
Stock Units ("RSU") in exchange for an equivalent number of common stock
shares of the Company, as permitted under the 2020 Equity Incentive Plan
approved by the Board of Directors on 3 December 2019.

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.

 

Restricted Stock Unit Awards

Also, the Board of the Company approved issuance of Restricted Stock Units
(RSUs) to the following executive Directors under the terms of Somero's 2020
Equity Incentive Plan

Name                                                           Number
of RSUs awarded

Timothy Averkamp
           114,956 shares

Vincenzo
LiCausi
58,391 shares

Howard
Hohmann
72,622 shares

 

RSUs awarded to Messrs. Averkamp, Hohmann, and LiCausi, all executive
Directors, were granted as part of an annual incentive compensation program.
The shares awarded are the maximum available under the grants, will vest over
a three-year period commencing on the date of the grant, and require continued
service for the period.

In addition to the RSUs awarded to Directors, the Board of the Company
approved RSUs to be awarded to a group of non-Director employees under the
terms of Somero's 2020 Equity Incentive Plan. The awards to non-Director
employees are a key element of the Company's employee retention program as
well as a reward to employees for significant contributions to the Company's
performance.  The total number of RSUs awarded to non-Director employees was
294,386 which are subject to the same vesting and service requirements as the
Director awards and each participating non-Director will, following the end of
the performance period, be notified as to the extent to which the service
conditions have been met and their award has vested.

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
each Director to either shares of common stock or an amount of cash determined
with reference to the value of shares of common stock at the point of vesting
at the discretion of the Company.

Following the above transactions, total outstanding RSUs will equal 1,192,256
units and the Company's total issued share capital will be 54,064,417 shares
and no shares held in Treasury.  Therefore, the total number of shares with
voting rights will be 54,064,417.

 

 

 1.          Details of the person discharging managerial responsibilities / person closely
             associated
 a)          Name                                                         Timothy Averkamp
 2.          Reason for the Notification
 a)          Position/status                                              CEO
 b)          Initial notification/Amendment                               Initial notification

 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 the Financial instrument, type of instrument  ordinary shares of $0.001 each ("Ordinary Shares")
             Identification code                                          USU834501038
 b)          Nature of the transaction                                    Employee Share Award
 c)          Price(s) and volume(s)                                       Price: 205p

                                                                          Volume: 14,271
 d)          Aggregated information:                                      n/a

·       Aggregated volume

             ·       Price
 e)          Date of the transaction                                      13 March 2026
 f)          Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 5.          Details of the person discharging managerial responsibilities / person closely
             associated
 a)          Name                                                         Timothy Averkamp
 6.          Reason for the Notification
 a)          Position/status                                              CEO
 b)          Initial notification/Amendment                               Initial notification

 7.          Details of the issuer, emission allowance market participant, auction
             platform, auctioneer or auction monitor
 a)          Name                                                         Somero Enterprises Inc.
 b)          LEI                                                          549300OQ2P18NRWBIW58
 8.          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, type of instrument  ordinary shares of $0.001 each ("Ordinary Shares")
             Identification code                                          USU834501038
 b)          Nature of the transaction                                    Employee Restricted Stock Unit Award
 c)          Price(s) and volume(s)                                       Price: n/a

                                                                          Volume: 114,956
 d)          Aggregated information:                                      n/a

·       Aggregated volume

             ·       Price
 e)          Date of the transaction                                      13 March 2026
 f)          Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 9.          Details of the person discharging managerial responsibilities / person closely
             associated
 a)          Name                                                         Vincenzo LiCausi
 10.         Reason for the Notification
 a)          Position/status                                              CFO
 b)          Initial notification/Amendment                               Initial notification

 11.         Details of the issuer, emission allowance market participant, auction
             platform, auctioneer or auction monitor
 a)          Name                                                         Somero Enterprises Inc.
 b)          LEI                                                          549300OQ2P18NRWBIW58
 12.         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, type of instrument  ordinary shares of $0.001 each ("Ordinary Shares")
             Identification code                                          USU834501038
 b)          Nature of the transaction                                    Employee Share Award
 c)          Price(s) and volume(s)                                       Price: 205p

                                                                          Volume: 2,167
 d)          Aggregated information:                                      n/a

·       Aggregated volume

             ·       Price
 e)          Date of the transaction                                      13 March 2026
 f)          Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 13.    Details of the person discharging managerial responsibilities / person closely
        associated
 a)     Name                                                         Vincenzo LiCausi
 14.    Reason for the Notification
 a)     Position/status                                              CFO
 b)     Initial notification/Amendment                               Initial notification

 15.    Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 a)     Name                                                         Somero Enterprises Inc.
 b)     LEI                                                          549300OQ2P18NRWBIW58
 16.    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, type of instrument  ordinary shares of $0.001 each ("Ordinary Shares")
        Identification code                                          USU834501038
 b)     Nature of the transaction                                    Employee Restricted Stock Unit Award
 c)     Price(s) and volume(s)                                       Price: n/a

                                                                     Volume: 58,391
 d)     Aggregated information:                                      n/a

·       Aggregated volume

        ·       Price
 e)     Date of the transaction                                      13 March 2026
 f)     Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 17.    Details of the person discharging managerial responsibilities / person closely
        associated
 a)     Name                                                         Howard Hohmann
 18.    Reason for the Notification
 a)     Position/status                                              EVP Sales
 b)     Initial notification/Amendment                               Initial notification

 19.    Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 a)     Name                                                         Somero Enterprises Inc.
 b)     LEI                                                          549300OQ2P18NRWBIW58
 20.    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, type of instrument  ordinary shares of $0.001 each ("Ordinary Shares")
        Identification code                                          USU834501038
 b)     Nature of the transaction                                    Employee Restricted Stock Unit Award
 c)     Price(s) and volume(s)                                       Price: n/a

                                                                     Volume: 72,622
 d)     Aggregated information:                                      n/a

·       Aggregated volume

        ·       Price
 e)     Date of the transaction                                      13 March 2026
 f)     Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

The information communicated in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU) No.
596/2014.

 

For further information, please contact:

 

Somero Enterprises, Inc.
                                         www.somero.com

Tim Averkamp
CEO
                +1 239 210 6500

Vincenzo LiCausi, CFO

Howard Hohmann, EVP Sales

 

Cavendish Capital Markets Ltd (NOMAD and Broker)

Matt Goode /Seamus Fricker (Corporate
Finance)                               +44 (0)20
7220 0500

Tim Redfern/Harriet Ward (ECM)

 

Alma PR (Financial PR Advisor)
 
                somero@almapr.co.uk

David
Ison
                                 +44 (0)20
3405 0205

Rebecca Sanders-Hewett

Will Merison

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHAKNBDABKDONB



            Copyright 2019 Regulatory News Service, all rights reserved