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Director Shareholding

The Company announces that, today, the following Directors have been granted nil cost options over ordinary shares of 18 pence each in the Company in connection with the Servelec Long Term Incentive Plan (LTIP) and Deferred Bonus Plan (DBP):

Long Term Incentive Plan

Name of individual

Director

Type of award

Number of shares subject to award

Alan Stubbs

Chief Executive Officer

Option

100,000

Mike Cane

Chief Financial Officer

Option

52,632 

The vesting of all the LTIP awards is subject to the achievement of performance targets. 

The vesting of 50% of an award will be subject to a condition that measures growth in Earnings per Share (EPS) of the Company above inflation over a 3-year performance period (using the financial year ending 31 December 2014 as the base year).  The remaining 50% of an award will be subject to a condition that measures the Company's Total Shareholder Return (TSR) over a three year performance period. 

Deferred Bonus Plan

Name of individual

Director

Type of award

Number of shares subject to award

Alan Stubbs

Chief Executive Officer

Option

9,026

Mike Cane

Chief Financial Officer

Option

4,582

 The DBP awards vest after a period of two years and are not subject to a performance condition.

 

For further enquiries, please contact:

Servelec Group plc on +44 (0) 1246 437 400
 

  • Alan Stubbs, Chief Executive Officer 
  • Mike Cane, Chief Financial Officer
  • Holly Smart, Investor Relations Manager

 
Investec Bank plc on +44 (0) 207 597 5097
 

  • Andrew Pinder
  • Dominic Emery
  • Patrick Robb
  • Sebastian Lawrence

 
Tulchan Group on +44 (0) 20 7353 4200
  

  • James Macey White 
  • Louise Högberg

 

Notes to Editors

Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.

Servelec has two operating segments; Servelec Health & Social Care and Servelec Automation:

  • Servelec Health & Social Care specialises in the design, development and implementation of Electronic Patient Record (EPR) and Patient Administration Systems (PAS) within secondary care settings and Case Management (CM) software within Adults and Childrens social care settings.  Servelec is a market leader in the mental health, community health and social care sectors in England.
  • Servelec Automation provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, nuclear, power, water, utilities and broadcast industries.  Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance. 

RNS Number : 9728K
Servelec Group plc
22 April 2015

 

Category: Financial