3 Oct 2017 14:15
3 October 2017
INTERSERVE PLC (The "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
Interserve Performance Share Plan 2015 (the "Plan")
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"), the Company announces that on 2 October 2017 Mark Whiteling, Chief Financial Officer, was granted an Award under the Plan in the form of nil-cost options, to acquire Shares, up to a maximum of 526,840 (the "PSP Award").
The price used to calculate the maximum number of Shares under the Plan was 115.31p, being the average closing price on 26, 27, 28 and 29 September 2017 of the Company's shares on the main market of the London Stock Exchange. The PSP Award will normally vest on or after the third anniversary of the date of grant, subject to the fulfilment of the earnings per share and total shareholder return performance conditions set-out on page 63 of the Directors' Remuneration Report, and is subject to recovery & withholding provisions and a two-year post-vesting holding period. No consideration is payable on the grant or the vesting of the Award, which will lapse if not exercised within two years of vesting.
3 October 2017
Trevor Bradbury
Group Secretary
Tel: 0118 932 0123
Notification and public disclosure of transactions by PDMR and persons closely associated with them
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Mark Argent 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 | 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 transaction
| Nil cost options granted on 2 October 2017 pursuant to the Interserve Performance Share Plan 2015. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil Consideration
| 526,840 shares | ||
d) | Aggregated information - Aggregated volume - Price |
Nil Consideration
|
526,840 shares |
e) | Date of the transaction | 2 October 2017 | |
f) | Place of the transaction | Outside a trading venue | |