REG - ScS Group plc - Grant of Awards
25/04/2023 15:45
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RNS Number : 4238X ScS Group PLC 25 April 2023
25 April 2023
ScS Group plc
Grant of Awards
ScS Group plc (the "Company") announces that on 21 April 2023 (the "Award
Date") it granted nil-cost options (the "Awards") over ordinary shares of 0.1
pence in the Company (the "Shares") to eight PDMRs under the ScS Group plc
Long-Term Incentive Plan, details of which are set out below:
Name Number of Shares under Award
Steve Carson 348,955
Chris Muir 279,164
Marie Liston 65,429
Lucy Clough 76,228
Gavin Vose 70,215
Dean Weston 84,698
James Heese 76,228
Kyle Rowe 105,872
No payment was required for the grant of the Awards.
The Remuneration Committee confirmed on page 85 of the Annual Report, that for
the FY23 LTIP award we were reviewing our long-term incentive targets,
ensuring they are appropriately stretching and motivational.
The Committee chose to delay the setting of the EPS target to ensure that it
could consider all relevant information. The Remuneration Committee is now
able to confirm the EPS target, which is set out below:
EPS Figure Percentage of Award that Vests
Less than 17.3 pence Nil
17.3 pence 12.5%
Greater than 17.3 pence but less than 23.1 pence Straight-line basis between 12.5% and 50%
Greater than 23.1 pence but less than 30.6 pence Straight-line basis between 50% and 100%
30.6 pence 100%
The performance conditions for the FY23 LTIP awards are consistent with the
Company's approved Directors' Remuneration Policy.
The Awards will ordinarily become exercisable on the third anniversary of the
date of grant and remain exercisable up to and including the tenth anniversary
of the date of grant, subject to the grantee's continued service and to the
extent that the performance target applicable to the Awards has been met. The
awards are subject to a two-year hold period which will end on the fifth
anniversary of the date of grant.
The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation, provide further detail on the grant of Awards:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Steve Carson
2 Reason for Notification
a) Position/status Chief Executive Officer
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two- year hold
period, and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 348,955
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Muir
2 Reason for Notification
a) Position/status Chief Financial Officer
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 279,164
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marie Liston
2 Reason for Notification
a) Position/status Corporate Services Director
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 65,429
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lucy Clough
2 Reason for Notification
a) Position/status ScS People Director
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 76,228
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gavin Vose
2 Reason for Notification
a) Position/status Logistics Director
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 70,215
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dean Weston
2 Reason for Notification
a) Position/status Sales & Operations Director
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 84,698
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name James Heese
2 Reason for Notification
a) Position/status Commercial Director
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 76,228
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kyle Rowe
2 Reason for Notification
a) Position/status Chief Marketing & Digital Officer
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ScS Group plc
b) LEI 213800LOXNVJIB4C7B98
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 Ordinary Shares of 0.1 pence each in ScS Group plc
Identification code GB00BRF0TJ56
b) Nature of the transaction Grant of a nil cost option award under the ScS Group plc Long-Term Incentive
Plan. The award will ordinarily become exercisable for seven years as from the
third anniversary of grant subject to continued service, a two-year hold
period and to the extent to which the performance targets are met.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 105,872
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
21 April 2023
f)
Place of the transaction
Outside a trading venue
Enquiries:
ScS Group PLC c/o Buchanan +44 (0)20 7466 5000
Steve Carson, Chief Executive Officer
Chris Muir, Chief Financial Officer
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth scs@buchanan.uk.com (mailto:scs@buchanan.uk.com)
Toto Berger
Verity Parker
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