Servelec Group plc Additional Listing (7522R)

TIDMSERV

RNS Number : 7522R

Servelec Group plc

13 December 2016

13 December 2016

Servelec Group PLC

("Servelec" or the "Group")

Exercise of Share Options and PDMR Notification

Exercise of Share Options

The Group announces that it has today applied to the UK Listing Authority and to the London Stock Exchange for the listing of, in aggregate, 34,470 new ordinary shares of 18p each in Servelec Group PLC and for those shares to be admitted to the Official List and to trading on the London Stock Exchange's market for listed securities.

6,536 of the new shares are being issued in respect of the exercise of options under the Company's SAYE scheme for good leavers and the remaining 27,934 new shares are being issued in respect of the exercise of options under the Company's ESOP scheme.

All of these shares will rank pari passu with the existing ordinary shares in issue. It is expected that Admission will become effective and that dealings in these shares will commence on 16 December 2016.

PDMR Notification

The notification below is made in accordance with DTR 3.1.4R(1)(a)

On 13 December 2016, Alex Moore, a person discharging managerial responsibility, cancelled his options made through the Servelec Group plc Approved SAYE Plan due to personal reasons, as noted below:

 
 PDMR        Number of      Date Granted     Number of         Option 
            Share Options                   Share Options       Price 
               Granted                        Cancelled      (per share) 
--------  ---------------  -------------  ---------------  ------------- 
 Alex                        29 October 
  Moore        6,949            2015           6,949          GBP2.59 
--------  ---------------  -------------  ---------------  ------------- 
 

<ENDS>

For further enquiries, please contact:

 
 Servelec Group plc 
  Alan Stubbs, Chief Executive Officer 
  Mike Cane, Chief Financial Officer 
  Pamela Weeks, Head of Corporate         +44 (0) 1246 
  Communications                           437 400 
 Investec Bank plc 
  Patrick Robb/Dominic Emery              +44 (0) 207 
  Sebastian Lawrence/Matt Lewis            597 5097 
 Tulchan Group                            +44 (0) 20 
  James Macey-White/ Matt Low              7353 4200 
 

Notes to Editors:

Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.

Servelec has two operating divisions; Servelec Health & Social Care and Servelec Automation:

- Servelec Health & Social Care specialises in the design, development and implementation of Electronic Patient Record (EPR) and Patient Administration Systems (PAS) and Social Care Case Management software within secondary care and social care settings and is a market leader in the Mental Health, Community Health and Social Care sectors in England.

- Servelec Automation provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, nuclear, power, water, utilities and broadcast industries. Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 13, 2016 10:38 ET (15:38 GMT)