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Somero Enterprises : Transaction in Restricted Stock Units (RSUs)
10/04/2019 | 02:52am EST
Somero Enterprises, Inc.
('Somero' or the 'Company')
Transaction in Restricted Stock Units (RSUs)
Somero announces that on 2 October 2019, it approved the settlement of Restricted Stock Units (RSUs) for Thomas Kunesh, an Applicable Employee of the Company, pursuant to the Somero 2010 Equity Incentive Plan. This transaction resulted in 4,178 RSUs being converted to common stock in the Company, at a price per share of 190.5 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 3-year 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 9 October 2019. The new shares of common stock rank pari passuwith the existing common stock in the Company.
Following the above transaction the Company's total issued share capital will be 56,425,598 with 77,530 shares held in Treasury. Therefore, the total number of shares with voting rights will be 56,348,068.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person closely associated
Reason for notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Somero Enterprises Inc.
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
Description of the financial instrument, type of instrument
Ordinary Shares of $0.001 each.
Nature of the transaction
Equity Incentive Programme
Price(s) and volume(s)
- Aggregated Volume
Date of the transaction
2 October 2019
Place of the transaction
London Stock Exchange
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.
Somero Enterprise Inc. published this content on 04 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 06:51:10 UTC