Servelec Group plc PDMR Interests - Replacement (8144Z)

TIDMSERV

RNS Number : 8144Z

Servelec Group plc

17 March 2017

17 March 2017

Servelec Group PLC

("Servelec" or the "Company")

PDMR Interests

This is a replacement announcement, updating the volume of shares exercised and sold by Sue Hawkswell, COO of Servelec HSC and PDMR.

Servelec Group Plc announces today that 32,757 shares were exercised by employees in relation to the SAYE scheme and were allotted from the block listing announced on 16 January 2017.

The exercise of options included the exercise and sale of shares by Sue Hawkswell and Garry McCord, who are each considered to be persons discharging managerial responsibility (PDMR) and Victoria Mudd who is a person closely associated to the PDMR, Garry McCord. Details are disclosed below.

Following the allotment, the Company's issued share capital consists of 69,707,061 Ordinary Shares which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Notification and public disclosure of transactions by person discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of PDMR/Person Closely Associated with 
       them ('PCA') 
---  ------------------------------------------------------------ 
 a)   Name                         1 Sue Hawkswell 
                                    2 Garry McCord 
                                    3 Victoria Mudd 
---  ----------------------  ------------------------------------ 
 b)   Position/status              1 COO Servelec HSC 
                                    2 CTO Servelec HSC 
                                    3 PCA of the CTO Servelec HSC 
---  ----------------------  ------------------------------------ 
      Initial notification/   Amendment 
       amendment 
---  ----------------------  ------------------------------------ 
 
 
 2.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                Servelec Group Plc 
---  ------------------  ------------------------------------------ 
 b)   ISIN                GB00BFRBTP86 
---  ------------------  ------------------------------------------ 
 2.   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         Ordinary Shares of 18p each 
       of the financial 
       instrument 
---  ------------------  ------------------------------------------ 
 b)   Nature of           Exercise and sale of SAYE share options 
       the transaction 
---  ------------------  ------------------------------------------ 
 c)   Price(s)                Exercise Price  Selling    Volume(s) 
       and volume(s)            (s)             Price(s) 
                               ==============  =========  ========= 
                            1  GBP1.79         2.75       2,011 
                               ==============  =========  ========= 
                            2  GBP1.79         2.75       5,027 
                               ==============  =========  ========= 
                            3  GBP1.79         2.75       5,027 
                               ==============  =========  ========= 
---  ------------------  ------------------------------------------ 
 d)   Aggregated          N/a 
       information 
       Aggregated 
       volume Price 
---  ------------------  ------------------------------------------ 
 e)   Date of the         16 March 2017 
       transaction 
---  ------------------  ------------------------------------------ 
 f)   Place of            London Stock Exchange 
       the transaction 
---  ------------------  ------------------------------------------ 
 

For further enquiries, please contact:

 
  Servelec Group plc 
 
   Mike Cane, Chief Financial 
    Officer                      [phone] 
 
 
 

. <ENDS>

This information is provided by RNS

The company news service from the London Stock Exchange

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March 17, 2017 07:59 ET (11:59 GMT)