Interserve PLC Director/PDMR Shareholding (5131Q)
June 06 2018 - 6:04AM
UK Regulatory
TIDMIRV
RNS Number : 5131Q
Interserve PLC
06 June 2018
Interserve Plc
Notification of Transactions of Directors/
Persons Discharging Managerial Responsibility and Connected
Persons
Pursuant to article 19 of regulation (EU) No 596/2014 of the
European Parliament and of the Council of 16 April 2014 on market
abuse ("Market Abuse Regulation or "MAR"), Interserve Plc (the
"Company") announces that on 4 June 2018 the following Person
Discharging Managerial Responsibilities ("PDMR") was granted an
Award under the Interserve Performance Share Plan 2015 (the "Plan")
in the form of nil-cost options, to acquire ordinary shares of 10p
each in the Company ("Shares"), up to the maximum numbers shown
below:-
Name Maximum Number of Shares subject
to the Award
PDMR
-----------------------------------
Andy McDonald 317,250
-----------------------------------
The price used to calculate the maximum number of ordinary
shares under the Plan was 75.65p, being the average closing price
on 30, 31 May and 1 June 2018 of the Company's shares on the main
market of the London Stock Exchange. The Awards will normally vest
on or after the third anniversary of the date of grant subject to
the fulfilment of certain performance conditions based on
cumulative operating profit, total shareholder return and strategic
targets and are subject to recovery and withholding provisions. No
consideration is payable on the grant or the vesting of the Awards
which must be exercised within two years of vesting.
The notification below, made in accordance with the requirements
of article 19 of MAR, provide further details.
6 June 2018
Daniel Bush
Group Secretary
Tel: 0118 932 0123
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andy McDonald
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status General Counsel and Company Secretary
designate
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Interserve Plc
-------------------------- ---------------------------------------------
b) LEI 549300MVYY4EZCRFHZ09
-------------------------- ---------------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
GB0001528156
Identification code
-------------------------- ---------------------------------------------
b) Nature of the transaction Nil-cost options granted on 4 June
2018 pursuant to the Interserve Performance
Share Plan 2015
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 317,250
----------
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume 317,250
- Price nil
-------------------------- ---------------------------------------------
e) Date of the transaction 4 June 2018
-------------------------- ---------------------------------------------
f) Place of the transaction Outside 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 or visit www.rns.com.
END
DSHFFMBTMBMMBBP
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