SERV Servelec Group

TIDMSERV

RNS Number : 3375A

Servelec Group plc

23 March 2017

23 March 2017

Servelec Group PLC

("Servelec" or the "Company")

Directors' Interests

Servelec Group Plc announces today that 22,521 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 of shares by Mr. Mike Cane, who is a Director of the Company and is described below. Following the exercise Mr. Mike Cane has interests in 79,327 shares.

Following the allotment, the Company's issued share capital consists of 69,729,582 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                     Mike Cane 
---  -----------------------  ------------------------ 
 b)   Position/status          Chief Financial Officer 
---  -----------------------  ------------------------ 
      Initial notification/    Initial Notification 
       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 of SAYE share options 
       the transaction 
---  ------------------  ------------------------------- 
 c)   Price(s)            Exercise Price   Volume(s) 
       and volume(s)        (s) 
                           ===============  ========= 
                           GBP1.79          5,027 
                           ===============  ========= 
---  ------------------  ------------------------------- 
 d)   Aggregated          N/a 
       information 
       Aggregated 
       volume Price 
---  ------------------  ------------------------------- 
 e)   Date of the         23 March 2017 
       transaction 
---  ------------------  ------------------------------- 
 f)   Place of            London Stock Exchange 
       the transaction 
---  ------------------  ------------------------------- 
 

For further enquiries, please contact:

 
  Servelec Group plc 
 
   Mike Cane, Chief Financial 
    Officer                      +44 (0) 1246 437 400 
 
 
 

<ENDS>

This information is provided by RNS

The company news service from the London Stock Exchange

END

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