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ScS Group plc (SCS)

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Monday 14 October, 2019

ScS Group plc

Grant of Awards

RNS Number : 8233P
ScS Group PLC
14 October 2019
 

 

14 October 2019

ScS Group plc

Grant of Awards

ScS Group plc (the "Company") announces that on 14 October 2019 (the "Award Date") it granted nil-cost options (the "Awards") over ordinary shares of 0.1 pence in the Company  (the "Shares") to seven PDMRs under the ScS Group plc Long-Term Incentive Plan, details of which are set out below:

Name

Number of Shares under Award

David Knight

195,319

Chris Muir

153,191

John Pattison

63,830

Marie Liston

47,872

Gary Kemp

39,894

Simon Nicholson

31,915

Mark Sherburn

30,319

 

No payment was required for the grant of the Awards.

 

The Awards will ordinarily become exercisable on the third anniversary of the date of grant and remain exercisable up to and including the tenth anniversary of the date of grant, subject to the grantee's continued service and to the extent that the performance target applicable to the Awards has been met. The awards are subject to a two-year hold period which will end on the fifth anniversary of the date of grant. Details of the performance target will be set out in the 2019 Annual Report.

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the grant of Awards:

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Knight

2

Reason for Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two- year hold period, and to the extent to which the performance targets are met.  

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

195,319

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Muir

2

Reason for Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two-year hold period and to the extent to which the performance targets are met. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

153,191

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Pattison

2

Reason for Notification

a)

Position/status

Commercial Director   

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two-year hold period and to the extent to which the performance targets are met. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

63,830

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marie Liston

2

Reason for Notification

a)

Position/status

Corporate Services Director

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two-year hold period and to the extent to which the performance targets are met. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

47,872

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Kemp

2

Reason for Notification

a)

Position/status

Logistics Director   

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two-year hold period and to the extent to which the performance targets are met. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

39,894

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Nicholson

2

Reason for Notification

a)

Position/status

ScS Buying Director   

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two-year hold period and to the extent to which the performance targets are met. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

31,915

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Sherburn

2

Reason for Notification

a)

Position/status

Human Resources Director   

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ScS Group plc

b)

LEI

213800LOXNVJIB4C7B98

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1 pence each in ScS Group plc

GB00BRF0TJ56

b)

Nature of the transaction

Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service, a two-year hold period and to the extent to which the performance targets are met. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

30,319

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 October 2019

f)

Place of the transaction

Outside a trading venue

 

 

Enquiries:

 

ScS Group PLC

David Knight, Chief Executive Officer

Chris Muir, Chief Financial Officer

 

c/o Buchanan +44 (0)20 7466 5000

Buchanan

Richard Oldworth

Tilly Abraham

Charlotte Slater

 

Tel: +44 (0)20 7466 5000

[email protected]



 

 

 

 


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