RNS Number : 5621J

12 September 2016

SOCO International plc ('SOCO' or 'the Company')

 

DIRECTORS/PDMR SHAREHOLDING

The Company announces a correction to the announcement released on 12 August 2016 under RNS Number 1170H.

The details being corrected concern the number of SOCO International plc ordinary shares of £0.05 each ("Shares") to be delivered to Ed Story (CEO, Executive Director and PDMR of the Company) from the SOCO Employee Benefit Trust (“SOCO EBT”) in settlement of share awards ("Awards") under the Company’s Long Term Incentive Plan.

 

The details were incorrectly reported as:

LTIP Participant

Date of original
award

Date of
vesting

Awards
vested

Shares to be deducted for associated
tax

Shares to be delivered to LTIP Participant

E Story

5 Dec 2012

8 Jan 2016

360,557

98,612

261,945

 

The correct details are:

LTIP Participant

Date of original
award

Date of vesting

Awards
vested

Shares to be deducted for associated
tax

Shares to be delivered to LTIP Participant

E Story

5 Dec 2012

8 Jan 2016

360,557

151,254

209,303

 

 

As a result of this correction:

Ed Story is interested in 13,633,267 Shares, representing 4.11% of the issued share capital of the Company, of which 11,958,267 (3.60%) Shares are held personally by Ed Story and 1,675,000 (0.50%) Shares are held through The Story Family Trust, a closely associated person to Ed Story.

The SOCO EBT is interested in 2,299,767 Shares representing 0.69% of the share capital of the Company. The Executive Directors, as potential beneficiaries, are technically deemed to have an interest in all ordinary shares held by the SOCO EBT.

 

Contact: CaroI Fan, SOCO International plc, tel. 020 7747 2000

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ed Story

 

 

2

Reason for the notification

a)

Position/status

CEO/Director

b)

Initial notification /Amendment

Amendment to prior notifications. Previous notification reference 00002187 submitted on 12/08/2016. This notification amends the number of shares received.

 

 

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

Ordinary Shares of £0.05 Each

 

Identification code

GB00B572ZV91

b)

 

Nature of the transaction

 

Acquisition of shares following settlement of share awards under the Company’s Long Term Incentive Plan.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

0

209,303

d) 

Aggregated information

 

 

- Aggregated volume

209,303

 

- Price

Nil

e)

Date of the transaction

10/08/2016

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 

SOCO is aware of attempts to impersonate the company on social media. SOCO does not have a Facebook page.