Grant of Options
13/12/2022 09:07
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221213:nRSM5258Ja&default-theme=true
RNS Number : 5258J Sureserve Group PLC 13 December 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 awards under the Company's Performance Share Plan ("PSP") to
Peter Smith, Chief Executive Officer, Sameet Vohra, Chief Financial Officer,
and Managing Directors of the Group's subsidiary businesses. The awards are 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 awards were granted on 13 December 2022 and will vest on 13 December 2025,
the third anniversary of grant.
The performance condition will be measured against the growth in earnings per
share ("EPS") achieved during the three financial years ending 30 September
2025. Achievement of the performance condition would see the awards being
capable of being exercised in respect of 405,797 Ordinary Shares for Peter
Smith and 304,347 Ordinary Shares for Sameet Vohra. If the performance
condition is exceeded, the awards would be capable of exercise in respect of
up to 507,246 Ordinary Shares for Peter Smith and up to 380,433 Ordinary
Shares for Sameet Vohra. Awards over a maximum of 1,041,657 Ordinary Shares
were granted to Managing Directors of the Group's subsidiary businesses.
The awards will be exercisable following vesting at a strike price of 69 pence
per Ordinary Share until the tenth anniversary of grant ending on 13 December
2032.
Enquiries
Sureserve Group
Nick Winks, Chairman 07973 316 544
Peter Smith, Chief Executive Officer 07590 929 431
Sameet Vohra, Chief Financial Officer 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
Tom Knibbs
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. It currently employs some
2,588 staff from 28 offices across the UK. Following the strategic review
announced in January 2022, the Group now reports performance under a single
"Social Housing Energy Services" division.
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
GB00BSKS1M86
b) Nature of the transaction Award of an option over Ordinary Shares.
Price(s) Volume(s)
c) Price(s) and volume(s)
Nil Up to a maximum of 507,246 Ordinary Shares
d) Aggregated information
- Aggregated price N/A - single transaction
- Aggregated volume
- Aggregated total
e) Date of the transaction 13 December 2022
f) Place of the transaction Outside of a trading venue
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 Up to a maximum of 380,433 Ordinary Shares
d) Aggregated information
- Aggregated price N/A - single transaction
- Aggregated volume
- Aggregated total
e) Date of the transaction 13 December 2022
f) Place of the transaction Outside of a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHGCBDDSGBDGDX