Sureserve Group PLC Grant and vesting of awards (4380F)
16 November 2020 - 10:13PM
UK Regulatory
TIDMSUR
RNS Number : 4380F
Sureserve Group PLC
16 November 2020
Sureserve Group plc
(the "Company")
Grant and vesting of awards
At the Annual General Meeting of the Company held on 19 March
2019 ("AGM"), shareholders approved the adoption and establishment
of the Sureserve Group plc Special Incentive Award Plan 2019
("SIAP"). The SIAP was subsequently adopted by resolution of the
Board of Directors on 9 May 2019.
In May 2019, Bob Holt was granted an award under the SIAP in the
form of an option to acquire ordinary shares of 10 pence each in
the capital of the Company ("Ordinary Shares "), subject to the
performance and vesting conditions of the SIAP.
In addition, at the AGM, the grant of an award under the SIAP in
the form of an option to acquire Ordinary Shares was approved in
respect of the incoming Chief Financial Officer. Peter Smith was
appointed to the role of Chief Financial Officer on 29 July 2019
and is contractually entitled to such award, subject to conditions
that have now been met.
Peter Smith has therefore been granted an award under the SIAP
in the form of an option to acquire Ordinary Shares, subject to the
performance and vesting conditions of the SIAP.
The awards granted to Bob Holt and Peter Smith under the SIAP
have now vested, following the satisfaction of the performance and
vesting conditions. After the application of the performance
conditions, the award made to Bob Holt is capable of exercise in
respect of 860,874 Ordinary Shares and the award made to Peter
Smith is capable of exercise in respect of 193,676 Ordinary
Shares.
The awards are now exercisable at nil cost for a period of six
months ending on 16 May 2021.
Enquiries
Sureserve Group
Bob Holt, Chairman 07778 798 816
Peter Smith, Chief Financial
Officer 07590 929 431
Camarco (Financial Public Relations)
Ginny Pulbrook 020 3757 4992
Ollie Head
Shore Capital (Nominated Adviser and Broker)
Antonio Bossi 020 7408 4050
Mark Brown
Fiona Conroy
Notes to editors
Sureserve is a leading compliance and energy services group that
performs critical functions in homes, public and commercial
buildings, with a focus on clients in the UK public sector and
regulated markets. Services are delivered through two divisions:
Compliance and Energy Services.
The Group was founded in 1988 and is headquartered in Basildon.
It currently employs some 2,061 staff from 22 offices across the
UK.
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