Senior PLC Director/PDMR Shareholding (1162J)

TIDMSNR

RNS Number : 1162J

Senior PLC

06 September 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 Derek Harding, a Main Board Director, on 2 and 5 September 2016 under the terms of the following share plans:

 
 1.   On 2 September 2016, the third and final tranche 
       of Derek Harding's one-off share award (the 
       "Share Award"), granted in September 2013 upon 
       his appointment as Group Finance Director of 
       Senior plc ("the Company"), vested in accordance 
       with the terms of the Share Award as set out 
       in the table below. No consideration was payable 
       in connection with the vesting of the third 
       tranche of the Share Award. 
 2.   On 5 September 2016, the Senior plc 2005 Long 
       Term Incentive Plan ("LTIP") award made to 
       Derek Harding on 4 September 2013, as a result 
       of the performance conditions attaching to 
       the LTIP award having been 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 Derek Harding were subsequently disposed of on 2 September 2016 at a share price of GBP2.39 and on 5 September 2016 at a share price of GBP2.42, as indicated below.

 
                Shares Vested  Shares Sold  Price shares 
                                                 sold at 
                                               per Share 
One-off Award          19,572        9,218       GBP2.39 
LTIP Award             44,444       20,931       GBP2.42 
                -------------  ----------- 
Total                  64,016       30,149 
                -------------  -----------

In addition to the above transactions, Derek Harding sold 1,709 shares at GBP2.40 per share on 5 September 2016 as part of a reorganisation of his ISA shareholding arrangements.

These transactions took place on the London Stock Exchange.

After completion of the above transactions, Derek Harding holds 118,719 shares in the Company.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 06, 2016 11:00 ET (15:00 GMT)

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