Grant of Awards

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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Identification code	Ordinary Shares of 0.1 pence each in ScS Group plc 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 -       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 Steve Carson, Chief Executive Officer Chris Muir, Chief Financial Officer	c/o Buchanan [phone]
Buchanan Richard Oldworth Toto Berger Verity Parker	Tel: [phone] [e-mail]

 

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