Scottish & Southern Energy PLC
06 June 2006
Headline: Director Shareholding
The company announces the purchase on 6 June 2006, by the Trustees of the
Scottish and Southern Energy Deferred Bonus Plan, of 244,426 ordinary shares of
50p each in the Company at an average price of £11.455 per share. The Company
also announces the performance-related awards to Executive Directors and Persons
Discharging Managerial Responsibility (PDMR) under the Plan.
On 6 June 2006, the following share awards to the Executive Directors and PDMRs
were made:
Ian Marchant 46,081
Colin Hood 33,446
Alistair Phillips-Davies 23,311
Gregor Alexander 23,311
Vincent Donnelly 4,729
Michelle Hynd 1,135
Paul Isgar 5,180
Graham Juggins 4,279
Anthony Keeling 5,630
Ian Manson 4,955
Mark Mathieson 3,040
Robert McDonald 5,405
James McPhillimy 6,081
Adrian Pike 5,630
Brian Smith 4,279
James Smith 4,504
Paul Smith 6,081
Alan Young 5,405
The Plan is designed to contribute to increasing shareholder return and
motivation of senior management over the longer-term. Awards to participants in
the Plan are dependent on the performance by individuals and by the Company.
Participants are granted awards equivalent to their actual short-term bonus. The
value of the award is adjusted by reference to three factors: the company's
relative performance in terms of Total Shareholder Return over a three-year
period; safety (which is externally verified and compared to other energy
companies) and relative performance in terms of customer complaints as recorded
by the independent regulatory body, energywatch.
Each Executive Director/ PDMR will only receive from the Trust the number of
shares to which they are entitled under their award. For Companies Act purposes,
the Executive Directors/ PDMRs are technically regarded as having an interest in
all those shares held by the Trust.
This information is provided by RNS
The company news service from the London Stock Exchange
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