6th Jun 2018 12:04
Interserve Plc
Notification of Transactions of Directors/
Persons Discharging Managerial Responsibility and Connected Persons
Pursuant to article 19 of regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation or "MAR"), Interserve Plc (the "Company") announces that on 4 June 2018 the following Person Discharging Managerial Responsibilities ("PDMR") was granted an Award under the Interserve Performance Share Plan 2015 (the "Plan") in the form of nil-cost options, to acquire ordinary shares of 10p each in the Company ("Shares"), up to the maximum numbers shown below:-
Name |
Maximum Number of Shares subject to the Award |
PDMR
|
|
Andy McDonald | 317,250 |
The price used to calculate the maximum number of ordinary shares under the Plan was 75.65p, being the average closing price on 30, 31 May and 1 June 2018 of the Company's shares on the main market of the London Stock Exchange. The Awards will normally vest on or after the third anniversary of the date of grant subject to the fulfilment of certain performance conditions based on cumulative operating profit, total shareholder return and strategic targets and are subject to recovery and withholding provisions. No consideration is payable on the grant or the vesting of the Awards which must be exercised within two years of vesting.
The notification below, made in accordance with the requirements of article 19 of MAR, provide further details.
6 June 2018
Daniel Bush
Group Secretary
Tel: 0118 932 0123
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andy McDonald
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| General Counsel and Company Secretary designate | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Interserve Plc | ||||
b)
| LEI
| 549300MVYY4EZCRFHZ09 | ||||
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
Identification code
| Ordinary shares of 10 pence each
GB0001528156
| ||||
b)
| Nature of the transaction
| Nil-cost options granted on 4 June 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
317,250
nil
| ||||
e)
| Date of the transaction
| 4 June 2018 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Related Shares:
Interserve