Somero Enterprises : Completion of Secondary Placing
March 28, 2019 at 12:46 pm EDT
Share
Somero Enterprises Inc.
('Somero' or the 'Company')
Result of Secondary Placing of Ordinary Shares in Somero
Further to the announcement earlier today, Somero announces that Jack Cooney has sold 800,000 Ordinary Shares in the Company (the 'Placing Shares'), representing approximately 1.42 per cent. of the voting rights of Somero. The Placing Shares were placed at a price of 340 pence per share and were sold to institutional investors by finnCap Ltd.
Following the sale, Jack Cooney now has a beneficial interest in a total of 614,634 Ordinary Shares, representing a resultant holding of 1.09 per cent. of the total voting rights.
The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.
For further information, please contact:
Somero Enterprises, Inc.www.somero.com
Jack Cooney, CEO
John Yuncza, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker)
Matt Goode (Corporate Finance) +44 (0)20 7220 0500
Carl Holmes (Corporate Finance)
Kate Bannatyne (Corporate Finance)
Tim Redfern/Richard Chambers (ECM)
Alma PR (Financial PR Advisor)somero@almapr.co.uk
Rebecca Sanders-Hewett +44 (0) 2038 659 667
Susie Hudson
Sam Modlin
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jack Cooney
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
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
SOM
b)
Nature of the transaction
Sale of Ordinary Shares
c)
Price(s) and volume(s)
Price: 340p
Volume: 800,000
d)
Aggregated information:
· Aggregated volume
· Price
n/a
e)
Date of the transaction
28 March 2019
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
Attachments
Original document
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Disclaimer
Somero Enterprise Inc. published this content on 28 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2019 16:45:04 UTC
Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring and placing equipment, related parts and accessories, and training services around the world. Its products are machinery used in the process of horizontal concrete placement. Its product categories include Lightweight Screeds, Ride-on Laser Concrete Screeds, Boom Screeds, Skyline Stationary Laser Screeds, Materials Placement, and Software Packages. Its Lightweight Screeds include Mini Screed C and CopperHead XD 3.0. Its Ride-on Laser Concrete Screeds consist of S-485 Laser Screed and S-940 Laser Screed. Its Boom Screeds include S-28EZ Laser Screed, S-PS50 Laser Screed, and others. Its Skyline Stationary Laser Screeds consist of SkyScreed 36 (SkyStrip). Its Materials Placement includes Broom + Cure Machine, Somero LineDragon, and STS-11M Topping Spreader. Its software packaging includes 3-D Concrete Profiler System, SiteShape System, and Somero Floor Levelness System.
SOMERO ENTERPRISES, INC. 
