Director/PDMR Shareholding
26/05/2022 14:08
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RNS Number : 9677M Sureserve Group PLC 26 May 2022
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 07590 929 431
Sameet Vohra, Chief Financial 07834 740059
Officer
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
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 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 Option over Ordinary Shares of 10p each in the capital of Sureserve Group plc
code
GB00BSKS1M86
b) Nature of the transaction Award of an option over Ordinary Shares.
Price(s) Volume(s)
c) Price(s) and volume(s)
Nil cost Up to a maximum of 315,000 Ordinary Shares
d) Aggregated information
- Aggregated price N/A - single transaction
- Aggregated volume
- Aggregated total
e) Date of the transaction 25 May 2022
f) Place of the transaction Outside of a trading venue
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