Senior PLC Director/PDMR Shareholding (7996T)

TIDMSNR

RNS Number : 7996T

Senior PLC

31 March 2016

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Ordinary shares of 10 pence each in Senior plc ("the Company") were released to the following Persons Discharging Managerial Responsibilities ("PDMRs") on 29 March 2016 under the terms of the following share plans:

 
 1.   The Senior plc 2005 Long Term Incentive Plan 
       ("LTIP") award made on 25 March 2013, as a 
       result of the performance condition attaching 
       to the LTIP awards having been satisfied as 
       to 20.6%. 
 2.   The Company's deferred bonus plan award made 
       on 25 March 2013. Subject to the terms of the 
       Plan, the awards ordinarily vest three years 
       after the date of grant, subject to the grantee's 
       continued employment within the Company's Group 
       until such time. No consideration was paid 
       for the grant of these awards and no consideration 
       is due on the vesting on these awards. 
 3    Upon his appointment on 1 May 2015, David Squires 
       was granted a One-off Award under the terms 
       of a share award agreement that included a 
       long-term incentive award over 32,000 Senior's 
       shares. The terms of this share award mirror 
       the rules and performance conditions attaching 
       to the LTIP award made to other Senior executives 
       on 25 March 2013 under the Senior plc 2005 
       Long-Term Incentive Plan (see 1 above). The 
       performance condition attaching to the award 
       was satisfied as to 20.6%.

Only existing ordinary shares sourced via the Company's employee benefit trust were used to satisfy these awards.

The Company has been advised that some of the shares released to the PDMRs were subsequently disposed of on 29 March 2016, as indicated below at a share price of GBP2.21. These transactions took place on the London Stock Exchange.

 
  Name of PDMR      No. of      No. of     No. of    Total   No. of 
                   LTIP award   Deferred   one-off   no. of   shares 
                     shares      Bonus      Award    shares    sold 
                     vested      award     shares    vested 
                                 shares    vested 
                                 vested 
David Squires*              0          0     6,640    6,640        0 
David Beavan            4,583     17,801       N/A   22,384   10,543 
Andrew Bodenham         3,702     14,013       N/A   17,715    8,344 
Launie Fleming         20,313     27,553       N/A   47,866   17,915 
Bindi Foyle             4,745     14,380       N/A   19,125    4,625 
Jerry Goodwin          20,313     27,648       N/A   47,961   39,711 
Mike Sheppard          21,603     29,776       N/A   51,379   51,379

* - Main Board Director.

After completion of the above transactions, David Squires holds 21,410 shares in the Company.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 31, 2016 13:21 ET (17:21 GMT)

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