Somero Enterprises - Update re: RSUs & Director/PDMR Shareholding

Somero Enterprises

26/04/2023 18:15

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RNS Number : 6052X  Somero Enterprises Inc.  26 April 2023

Somero Enterprises Inc.

 

("Somero" or the "Company")

 

Update re: Restricted Stock Units and

Director/PDMR Shareholding

 

Further to the announcement on 14 March 2023, in relation to the settlement of
39,032 Restricted Stock Units ("RSU") in exchange for an equivalent number of
common stock shares of the Company at a price of 358 pence, 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, the
Company confirms that as part of this settlement the following executive
Directors received shares as set out below:

 Name          RSU          Resulting Shareholding  %

               Settlement
 John Yuncza   8,897        164,676                 0.29
 Enzo LiCausi  5,342        66,469                  0.12

 

Total Voting Rights

The Company advises that its issued share capital remains unchanged at
55,866,563 Ordinary Shares, with 5,500 Ordinary Shares held in treasury.
Consequently, the total voting rights of the Company are 55,861,063.

 

 1.                  Details of the person discharging managerial responsibilities / person closely
                     associated
 a)                  Name                                                         John Yuncza
 2.                  Reason for the Notification
 a)                  Position/status                                              President
 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 Restricted Stock Settlement
 c)                  Price(s) and volume(s)                                       Price: 358p

                                                                                  Volume: 8,897
 d)                  Aggregated information:                                      n/a

·       Aggregated volume

                     ·       Price
 e)                  Date of the transaction                                      13 March 2023
 f)                  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Vincenzo LiCausi
 2.  Reason for the Notification
 a)  Position/status                                              CFO
 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 Restricted Stock Settlement
 c)  Price(s) and volume(s)                                       Price: 358p

                                                                  Volume: 5,342
 d)  Aggregated information:                                      n/a

·       Aggregated volume

     ·       Price
 e)  Date of the transaction                                      13 March 2023
 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

Jack Cooney,
CEO
+1 239 210 6500

John Yuncza, President

Enzo LiCausi, CFO

Howard Hohmann, EVP Sales

 

finnCap Ltd (NOMAD and Broker)

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

Seamus Fricker (Corporate Finance)

Tim Redfern (ECM)

 

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

David Ison
 
+44 (0) 2034 050 205

Pippa Crabtree

 

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