Director/PDMR Shareholding

RNS Number : 3069Z

Sureserve Group PLC

16 May 2019

 

16 May 2019

Sureserve Group plc (the "Company")

Notification of Transaction by Directors/PDMRs

On 15 May 2019, the Company was notified of changes to the interests of Michael McMahon, Chief Operating Officer of the Company, in the ordinary shares of 10 pence each in the Company ("Ordinary shares") as a result of his participation in the Company's Share Incentive Plan ("SIP"). Under the terms of the SIP, following the reinvestment of the Company's 2018 final dividend payment, Mr McMahon purchased 2 Ordinary Shares at a price of 27.025p on 14 May 2019. Following the purchase, Mr McMahon has a total beneficial interest in 5,463,892 Ordinary Shares, representing 3.47% of the issued share capital of the Company.

Enquiries

Sureserve	Financial Public Relations
Bob Holt, Chairman, 07778 798816	Camarco
Michael McMahon, Chief Operating Officer	Ginny Pulbrook
Telephone: [phone]	Tom Huddart
	Telephone: [phone]
Stockdale Securities
Andy Crossley
Antonio Bossi
Telephone:  [phone]

Notes to editors

Sureserve is a leading compliance and energy support 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 Basildon. It currently employs some 2,000 staff from 23 offices across the UK.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael McMahon
2	Reason for the notification
a)	Position/status	Chief Operating 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 code	Acquisition of ordinary shares of 10p each in the capital of Lakehouse plc ("Shares") GB00BSKS1M86
b)	Nature of the transaction	Representing reinvestment of the Company's 2018 final dividend under the terms of the Company's Share Inventive Plan ("SIP")
c)	Price(s) and volume(s)
		27.025p	2
d)	Aggregated information - Aggregated price - Aggregated volume - Aggregated total	N/A - single transaction
e)	Date of the transaction	14 May 2019
f)	Place of the transaction	London, United Kingdom
g)	Additional Information

 

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