Somero Enterprises Inc.
("Somero" or the "Company")
Director/PDMR Shareholding
and
Change of Name of Nominated Adviser and Broker
As a result of a procedural error when agreeing the termination of his employment, which was announced on 29 August 2023, John Yuncza, previously President of the Company, remains a Director of the Company at this time. As a consequence the Company is required to announce that on 1 September 2023 and 5 September 2023 Mr Yuncza sold a total of 99,676 ordinary shares in the Company at an average price of 280 pence per share. As a result of the above transaction , Mr. Yuncza's residual shareholding is 65,000 ordinary shares in the Company.
Change of Name of Nominated Adviser and Broker
The Company also announces that its Nominated Adviser and Broker, finnCap Ltd, has now changed its name to Cavendish Capital Markets Ltd.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | John Yuncza |
| 2. | Reason for the Notification | |
| a) | Position/status | Director |
| 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 | Sale of ordinary shares |
| c) | Price(s) and volume(s) | Price: 280p Volume: 79,676 |
| d) | Aggregated information: · Aggregated volume · Price | n/a |
| e) | Date of the transaction | 1 September 2023 |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
| 2. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | John Yuncza |
| 3. | Reason for the Notification | |
| a) | Position/status | Director |
| b) | Initial notification/Amendment | Initial notification
|
| 4. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Somero Enterprises Inc. |
| b) | LEI | 549300OQ2P18NRWBIW58 |
| 5. | 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 | Sale of ordinary shares |
| c) | Price(s) and volume(s) | Price: 280p Volume: 20,000 |
| d) | Aggregated information: · Aggregated volume · Price | n/a |
| e) | Date of the transaction | 5 September 2023 |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
For further information, please contact:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, President & CEO +1 239 210 6500
Enzo LiCausi, CFO
Howard Hohmann, EVP Sales
| Cavendish Capital Markets Ltd (NOMAD and Broker) | +44 (0)20 7220 0500 |
| Matt Goode/Seamus Fricker/Fergus Sullivan (Corporate Finance) |
|
| Tim Redfern/Harriet Ward (ECM) |
|
|
|
|
| Alma PR (Financial PR Advisor) | somero@almapr.co.uk |
| David Ison | +44 (0)20 3405 0205 |
| Rebecca Sanders-Hewett | |
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