Grant of Options

Sureserve

23/12/2021 06:59

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RNS Number : 5405W  Sureserve Group PLC  23 December 2021

Sureserve Group plc

("Sureserve" or the "Company")

Grant of Options

Sureserve (AIM: SUR), the compliance and energy services group, announces that
it has granted an award under the Company's Performance Share Plan ("Plan") to
Peter Smith, Chief Executive 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
Plan.

 

The award was granted on 22 December 2021 and will vest on the third
anniversary of grant, on 22 December 2024.

 

The performance condition will be measured against the growth in earnings per
share achieved during the three financial years ending on 30 September 2024.
Achievement of the performance condition would see the award being capable of
exercise in respect of 304,900 Ordinary Shares. If the performance condition
is exceeded, the award would be capable of exercise in respect of a maximum of
381,125 Ordinary Shares.

 

The award will be exercisable following vesting at nil cost until the tenth
anniversary of grant, on 22 December 2031.

 

 

Enquiries

 Sureserve Group
 Nick Winks, Chairman                  07973 316 544
 Peter Smith, Chief Executive Officer  07590 929 431

 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 compliance and energy services group that performs
critical functions in homes, public and commercial buildings, with a focus on
clients in the UK public sector and regulated markets. Services are delivered
through two divisions: Compliance and Energy Services.

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                                                                        Peter Smith

 2    Reason for the notification
 a)   Position/status                                                             Chief Executive 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

                                                                                  Ordinary Share ISIN: 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 381,125 Ordinary Shares
 d)   Aggregated information

      - Aggregated price                                                          N/A - single transaction

      - Aggregated volume

      - Aggregated total
 e)   Date of the transaction                                                     22 December 2021

 f)   Place of the transaction                                                    Outside of a trading venue

 

 

 

 

 

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