Director/PDMR Shareholding

RNS Number : 0844M

Senior PLC

01 May 2015

Senior plc (the "Company")

Notification of Transactions by PDMR

This notification is made in accordance with DR 3.1.4R(1)(a).

On 1 May 2015, the Company's Group Chief Executive-designate, David Squires, was granted the following conditional rights (as previously disclosed in the Annual Report & Accounts 2014) to acquire ordinary shares of 10 pence each in the Company:

Award	Number of shares comprised within Award
LTIP Award	219,326
One-off Award	96,770

The LTIP Award was granted under the terms of the Senior plc 2014 Long Term Incentive Plan. In the normal course of events, the LTIP Award shall vest on the third anniversary of grant subject to David Squires' continued service and to the extent that certain performance conditions measured over a three-year period are satisfied. The performance conditions attaching to his award are the same as those applied to LTIP awards made to other executives in April 2015.

The following One-off Award was granted under the terms of a share award agreement agreed in connection with and to facilitate David Squires' recruitment as Group Chief Executive to partly compensate him for the loss of certain benefits and share awards with his previous employer as a result of joining Senior:

i) a one-off award of 4,770 Senior shares;

ii) a long-term incentive award over 32,000 Senior's shares. The terms of this share award shall mirror the rules and performance conditions attaching to the LTIP award made to other Senior executives on 25 March 2013 under the Senior plc 2005 Long-Term Incentive Plan. This award will ordinarily vest, subject to the achievement of the associated performance conditions, on or after 25 March 2016; and

iii) a long-term incentive award over 60,000 Senior's shares. The terms of this share award shall mirror the rules and performance conditions attaching to the LTIP award made to other Senior executives on 21 March 2014 under the Senior plc 2005 Long-Term Incentive Plan. This award will ordinarily vest, subject to the achievement of the associated performance conditions, on or after 21 March 2017.

No consideration was paid for the grant of these awards and no consideration is due on the vesting on these awards.

The first tranche of David Squires' one-off award of 4,770 Senior shares vested in accordance with the terms of the One-off award as set out in the table below. No consideration was payable in connection with the vesting of the first tranche of the One-off award.