Source - RNS
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 £2.39 and on 5 September 2016 at a share price of £2.42, as indicated below.


Shares Vested

Shares Sold

Price shares sold at per Share

One-off Award

19,572

9,218

£2.39

LTIP Award

44,444

20,931

£2.42

Total

64,016

30,149


In addition to the above transactions, Derek Harding sold 1,709 shares at £2.40 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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