26 May 2022 14:08
Sureserve Group plc
("Sureserve" or the "Group")
Grant of Options
Sureserve (AIM: SUR), the social housing energy services Group, announces that it has granted an award under the Company's Performance Share Plan ("PSP") to Sameet Vohra, Chief Financial Officer. The award is in the form of an option to acquire ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"), subject to the performance and vesting conditions of the PSP.
The award was granted on 25 May 2022 and will vest on the third anniversary of grant, on 25 May 2025.
The performance condition will be measured against the growth in earnings per share ("EPS") achieved during the three financial years ending 30 September 2024. Achievement of the performance condition would see the award being capable of being exercised in respect of 252,000 Ordinary Shares. If the performance condition is exceeded, the award would be capable of exercise in respect of a maximum of 315,000 Ordinary Shares.
The award will be exercisable following vesting at nil cost until the tenth anniversary of grant ending on 25 May 2032.
Enquiries
Sureserve Group | |
Nick Winks, Chairman | 07973 316 544 |
Peter Smith, Chief Executive Officer Sameet Vohra, Chief Financial Officer | 07590 929 431 07834 740059 |
Camarco (Financial Public Relations) | |
Ginny Pulbrook | 020 3757 4992 |
Rosie Driscoll Toby Strong | |
Shore Capital (Nominated Adviser and Broker) | |
Stephane Auton | 020 7408 4090 |
Daniel Bush | |
Fiona Conroy | |
Notes to editors
Sureserve is a leading UK social housing energy services Group.
The Group was founded in 1988 and is headquartered in Dartford and currently employs some 2,489 staff.
The notification set out below is made in accordance with the UK version of the EU Market Abuse Regulation (2014/596/EU) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Sameet Vohra
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2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer
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b) | Initial notification/ Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name
| Sureserve Group plc | |
b) | LEI | 213800FHUTNVX8LWPH50
| |
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 | Option over Ordinary Shares of 10p each in the capital of Sureserve Group plc
GB00BSKS1M86
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b) | Nature of the transaction | Award of an option over Ordinary Shares.
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c) |
Price(s) and volume(s)
| Price(s) | Volume(s) |
Nil cost | Up to a maximum of 315,000 Ordinary Shares | ||
d) | Aggregated information - Aggregated price - Aggregated volume - Aggregated total |
N/A - single transaction | |
e) | Date of the transaction | 25 May 2022
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f) | Place of the transaction | Outside of a trading venue
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