4 May 2018 16:10
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 3 May 2018 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 | |
Dougie Sutherland | 524,730 |
Debbie White | 1,082,130 |
Mark Whiteling | 674,250 |
PDMRs | |
Sally Cabrini | 310,765 |
George Franks | 288,601 |
Ian Hayes | 332,963 |
Gordon Kew | 288,601 |
Robin O'Kelly | 108,465 |
Yvonne Thomas | 210,876 |
The price used to calculate the maximum number of ordinary shares under the Plan was 90.10p, being the average closing price on 30 April, 1 and 2 May 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 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.
4 May 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
| 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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
524,730
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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
| Debbie White | ||||
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
| 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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,082,130
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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
| Mark Whiteling
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
674,250
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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
| Sally Cabrini (PDMR) | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director of Transformation, IT and People | ||||
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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
310,765
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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 - 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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
288,601
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
332,963
nil | ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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
| Gordon Kew (PDMR)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director - UK Construction | ||||
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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
288,601
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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
| 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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
108,465
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
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
| Yvonne Thomas (PDMR) | ||||
2
| Reason for the notification
| |||||
a)
| Position/status | Managing 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 3 May 2018 pursuant to the Interserve Performance Share Plan 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
210,876
nil
| ||||
e)
| Date of the transaction
| 3 May 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||