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S&U completes sale of Loansathome4u

04 August 2015 13:26

S&U has completed the sale of Loansathome4u following approval by shareholders at the annual general meeting.

As part of the completion process, Mike Mullins and Mike Thompson have resigned as directors of the company and Manjeet Bhogal has stepped down as company secretary as they will remain with Loansathome4u.

Chris Redford has been reappointed as company secretary of S&U plc in addition to his responsibilities as group finance director. As set out in the circular to shareholders concerning the disposal, the company has today granted share options in respect of 10,000 ordinary shares to Redford under the company's 2010 long term incentive plan reflecting his significant contribution during the disposal process.

At 1:26pm: (LON:SUS) S U PLC share price was +2p at 2458p

Story provided by StockMarketWire.com

Related Company: SUS

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