Servelec Group plc Notification of Transactions of Directors/PDMRs (3703O)

TIDMSERV

RNS Number : 3703O

Servelec Group plc

07 November 2016

7 November 2016

Servelec Group plc ("Servelec")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

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

On 4 November 2016, a Grant of Options was made through the Servelec Group plc Approved SAYE Plan (the "Plan"). The options are in respect of ordinary shares of 18 pence each in the share capital of Servelec Group plc of which there were 69,413,282 shares in issue at the time of the grant.

The interest of the under-noted persons discharging managerial responsibility has changed following the grant of options under the Plan.

The grants were made at nil consideration.

 
                     Number 
                       of            Option        Period during which 
                  Share Options       Price        options will mature 
 Director/PDMR       Granted       (per share)    and become exercisable 
--------------  ---------------  -------------  ------------------------ 
 
 Mike Cane           4,197          GBP2.14          1 February 2020 
                                                     to 31 July 2020 
--------------  ---------------  -------------  ------------------------ 
 Garry McCord        4,197          GBP2.14          1 February 2020 
                                                     to 31 July 2020 
--------------  ---------------  -------------  ------------------------ 
 

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 
  Dominic Emery/Sebastian Lawrence      [phone] 
  Patrick Robb/Matt Lewis                5097 
 Tulchan Group                          [phone] 
  James Macey-White/Nick Hennis          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 and 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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November 07, 2016 02:00 ET (07:00 GMT)