8 March 2019
SOCO International plc
("SOCO" or "the Company")
DIRECTORS/PDMR SHAREHOLDINGS
Awards under the Company's Long Term Incentive Plan
The Company announces that on 7 March 2019, its Persons Discharging Managerial Responsibilities ("PDMRs") were granted the following nil-cost share awards over ordinary shares of £0.05 each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"):
PDMRs |
Position |
No of LTIP awards granted |
Ed Story |
Chief Executive Officer |
2,040,087 |
Jann Brown |
Managing Director and Chief Financial Officer |
1,306,240 |
Dr Mike Watts |
Managing Director |
1,306,240 |
Antony Maris |
Chief Operating Officer |
1,015,965 |
These awards will generally vest over three years from the date of grant, subject to the satisfaction of certain performance conditions and, in relation to Executive Directors, a subsequent two year holding period.
For further information, please contact:
Tony Hunter
Company Secretary
+ 44 (0)207 603 1515
1 |
Details of the person discharging managerial responsibilities |
a) |
Name |
ED STORY |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive Officer |
b) |
Initial notification /Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
SOCO INTERNATIONAL PLC |
b) |
LEI |
549300DDKLXYLLO4N524 |
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 Identification code |
ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 |
b) |
Nature of the transaction |
Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£0.00 |
2,040,087 |
|
d) |
Aggregated information |
N/A single transaction |
e) |
Date of the transaction |
07/03/2019 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities |
a) |
Name |
JANN BROWN |
2 |
Reason for the notification |
a) |
Position/status |
Managing Director and Chief Financial Officer |
b) |
Initial notification /Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
SOCO INTERNATIONAL PLC |
b) |
LEI |
549300DDKLXYLLO4N524 |
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 Identification code |
ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 |
b) |
Nature of the transaction |
Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£0.00 |
1,306,240 |
|
d) |
Aggregated information |
N/A single transaction |
e) |
Date of the transaction |
07/03/2019 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities |
a) |
Name |
MIKE WATTS |
2 |
Reason for the notification |
a) |
Position/status |
Managing Director |
b) |
Initial notification /Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
SOCO INTERNATIONAL PLC |
b) |
LEI |
549300DDKLXYLLO4N524 |
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 Identification code |
ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 |
b) |
Nature of the transaction |
Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£0.00 |
1,306,240 |
|
d) |
Aggregated information |
N/A single transaction |
e) |
Date of the transaction |
07/03/2019 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities |
a) |
Name |
ANTONY MARIS |
2 |
Reason for the notification |
a) |
Position/status |
Chief Operating Officer |
b) |
Initial notification /Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
SOCO INTERNATIONAL PLC |
b) |
LEI |
549300DDKLXYLLO4N524 |
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 Identification code |
ORDINARY SHARES OF £0.05 EACH GB00B572ZV91 |
b) |
Nature of the transaction |
Grant of nil cost options under the SOCO International plc Long-Term Incentive Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£0.00 |
1,015,965 |
|
d) |
Aggregated information |
N/A single transaction |
e) |
Date of the transaction |
07/03/2019 |
f) |
Place of the transaction |
Outside a trading venue |