7th Apr 2017 11:49
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 6 April 2017 the following Executive Directors/Persons Discharging Managerial Responsibilities ("PDMRs") were 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 |
Executive Directors | |
Tim Haywood | 265,562 |
Bruce Melizan | 242,309 |
Dougie Sutherland | 213,802 |
PDMRs | |
Trevor Bradbury | 132,383 |
George Franks | 106,901 |
Ian Hayes | 111,246 |
Robin O'Kelly | 43,116 |
Catherine Ward | 54,875 |
The price used to calculate the maximum number of ordinary shares under the Plan was 221. 13p, being the average closing price on 31 March 2017,3,4 and 5 April 2017 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 earnings per share and total shareholder return 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 Awards granted to the Executive Directors are subject to a two-year holding period after vesting.
The notification below, made in accordance with the requirements of article 19 of MAR, provide further details.
7 April 2017
Trevor Bradbury
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
| Tim Haywood | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Finance Director | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
265,562
nil | ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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
| Bruce Melizan
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
242,309
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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
| Dougie Sutherland
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
213,802
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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
| Trevor Bradbury (PDMR)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status | Group Secretary | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
132,383
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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
| George Franks (PDMR)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director - Interserve International | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
106,901
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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
| Ian Hayes (PDMR)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Divisional Managing Director - Equipment Services | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
111,246
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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
| Robin O'Kelly (PDMR)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director of Communications | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
43,116
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
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
| Catherine Ward (PDMR)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status | Group Director of Human Resources | ||||
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 6 April 2017 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
54,875
nil
| ||||
e)
| Date of the transaction
| 6 April 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Related Shares:
Interserve