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24 Apr 2015 07:00
24 April 2015
Servelec Group PLC
("Servelec" or the "Company")
Options granted to PDMRs
The Company announces that on 23 April 2015 it granted options over, in aggregate, 475,000 ordinary shares to senior management, subject to the terms of the Servelec Executive Share Option Plan (ESOP).
Options issued to Persons Discharging Managerial Responsibility are noted below:
Name of individual | Position held | Type of award | Number of share options subject to award |
Kevan Jones | Managing Director, Servelec Controls - Oil & Gas | Option | 30,000 |
Alex Moore | Managing Director, Servelec Controls - Power & Nuclear | Option | 30,000 |
Sue Hawkswell | Managing Director, Servelec Healthcare | Option | 50,000 |
Andy Sullivan | Managing Director, Servelec Technologies | Option | 50,000 |
All such options are exercisable at an exercise price of 283p per ordinary share, being the share price as at close of business on 22 April 2015. Awards made under the ESOP are subject to the achievement of operating profit targets related to a 3-year performance period (using the financial year ended 31 December 2014 as the base year).
For further enquiries, please contact:
| +44 (0) 1246 437 400
| ||||||
| +44 (0) 207 597 5097 | ||||||
| +44 (0) 20 7353 4200 | ||||||
Notes to Editors
Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.
Servelec has two operating segments; Servelec Health & Social Care and Servelec Automation:
- Servelec Health & Social Care specialises in the design, development and implementation of Electronic Patient Record (EPR) and Patient Administration Systems (PAS) and Social Care Case Management software within secondary care and social care settings and is a market leader in the Mental Health, Community Health and Social Care sectors in England.
- Servelec Automation provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, nuclear, power, water, utilities and broadcast industries. Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance.
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