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On 18 October 2021, ScS Group plc granted nil-cost options over a total of 584,670 ordinary shares of 0.1 pence to six Persons Discharging Managerial Responsibilities (PDMRs) under its Long-Term Incentive Plan. Individual awards, for which no payment was required, ranged from 36,367 to 223,797 shares and will ordinarily become exercisable on the third anniversary of the grant, subject to continued service and performance targets.
| Date | 19 Oct 2021 |
| Time | 16:36:57 |
| Category | Director/PDMR dealings |
| ID | 5756P |
19 October 2021
ScS Group plc
Grant of Awards
ScS Group plc (the "Company") announces that on 18 October 2021 (the "Award Date") it granted nil-cost options (the "Awards") over ordinary shares of 0.1 pence in the Company (the "Shares") to six PDMRs under the ScS Group plc Long-Term Incentive Plan, details of which are set out below:
|
Name |
Number of Shares under Award |
|
Steve Carson |
223,797 |
|
Chris Muir |
179,038 |
|
John Pattison |
61,544 |
|
Marie Liston |
41,962 |
|
Lucy Clough |
41,962 |
|
Gavin Vose |
36,367 |
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 2021 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 |
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|
a) |
Name |
Steve Carson |
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|
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. |
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|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
18 October 2021 |
||||
|
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
18 October 2021 |
||||
|
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
18 October 2021 |
||||
|
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
18 October 2021 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Gavin Vose |
||||
|
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
18th October 2021 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Lucy Clough |
||||
|
2 |
Reason for Notification |
|||||
|
a) |
Position/status |
ScS People 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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
18 October 2021 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
Enquiries:
|
ScS Group PLC Steve Carson, Chief Executive Officer Chris Muir, Chief Financial Officer
|
c/o Buchanan +44 (0)20 7466 5000 |
|
Buchanan Richard Oldworth Tilly Abraham
|
Tel: +44 (0)20 7466 5000 |
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