Interserve PLC Director/PDMR Shareholding (5131Q)

TIDMIRV

RNS Number : 5131Q

Interserve PLC

06 June 2018

Interserve Plc

Notification of Transactions of Directors/

Persons Discharging Managerial Responsibility and Connected Persons

Pursuant to article 19 of regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation or "MAR"), Interserve Plc (the "Company") announces that on 4 June 2018 the following Person Discharging Managerial Responsibilities ("PDMR") was granted an Award under the Interserve Performance Share Plan 2015 (the "Plan") in the form of nil-cost options, to acquire ordinary shares of 10p each in the Company ("Shares"), up to the maximum numbers shown below:-

 
 
   Name             Maximum Number of Shares subject 
                                        to the Award 
 
   PDMR 
                 ----------------------------------- 
 Andy McDonald                               317,250 
                 ----------------------------------- 
 

The price used to calculate the maximum number of ordinary shares under the Plan was 75.65p, being the average closing price on 30, 31 May and 1 June 2018 of the Company's shares on the main market of the London Stock Exchange. The Awards will normally vest on or after the third anniversary of the date of grant subject to the fulfilment of certain performance conditions based on cumulative operating profit, total shareholder return and strategic targets and are subject to recovery and withholding provisions. No consideration is payable on the grant or the vesting of the Awards which must be exercised within two years of vesting.

The notification below, made in accordance with the requirements of article 19 of MAR, provide further details.

6 June 2018

Daniel Bush

Group Secretary

Tel: [phone]

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Andy McDonald 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             General Counsel and Company Secretary 
                                   designate 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        Interserve Plc 
     --------------------------  --------------------------------------------- 
 b)   LEI                         549300MVYY4EZCRFHZ09 
     --------------------------  --------------------------------------------- 
 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          Ordinary shares of 10 pence each 
       financial instrument, 
       type of instrument 
                                   GB0001528156 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Nil-cost options granted on 4 June 
                                   2018 pursuant to the Interserve Performance 
                                   Share Plan 2015 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     nil         317,250 
                                                ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          317,250 
 
       - Price                      nil 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     4 June 2018 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------- 
 

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END

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June 06, 2018 07:04 ET (11:04 GMT)