Grant of Options

RNS Number : 5405W

Sureserve Group PLC

23 December 2021

 

Sureserve Group plc

("Sureserve" or the "Company")

Grant of Options

Sureserve (AIM: SUR), the compliance and energy services group, announces that it has granted an award under the Company's Performance Share Plan ( "Plan" ) to Peter Smith, Chief Executive Officer. The award is 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 Plan.

The award was granted on 22 December 2021 and will vest on the third anniversary of grant, on 22 December 2024.

The performance condition will be measured against the growth in earnings per share achieved during the three financial years ending on 30 September 2024. Achievement of the performance condition would see the award being capable of exercise in respect of 304,900 Ordinary Shares. If the performance condition is exceeded, the award would be capable of exercise in respect of a maximum of 381,125 Ordinary Shares.

The award will be exercisable following vesting at nil cost until the tenth anniversary of grant, on 22 December 2031.

Enquiries  

Sureserve Group
Nick Winks, Chairman	07973 316 544
Peter Smith, Chief Executive Officer	07590 929 431
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
Fiona Conroy

Notes to editors

Sureserve is a leading compliance and energy 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 Dartford and currently employs some 2,489 staff.

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 code	Option over Ordinary Shares of 10p each in the capital of Sureserve Group plc Ordinary Share ISIN: GB00BSKS1M86
b)	Nature of the transaction	Award of an option over Ordinary Shares.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost	Up to a maximum of 381,125 Ordinary Shares
d)	Aggregated information - Aggregated price - Aggregated volume - Aggregated total	N/A - single transaction
e)	Date of the transaction	22 December 2021
f)	Place of the transaction	Outside of a trading venue

 

END

 

 

DSHQLLFLFLLLFBB