Director/PDMR Shareholding

RNS Number : 4832Y
Scottish & Southern Energy PLC
07 July 2008
 



Notification of Directors'/PDMRs' Interests


On 4 July 2008 the Company was notified by the Trustees of the Scottish and Southern Energy Deferred Bonus Plan ('the Plan') of the following changes in directors'/PDMRs' interests in the Company's ordinary shares ('the Shares') arising out of the operation of the Plan.


Awards of Shares under the Plan can be unconditionally released to participants following the third anniversary of grant ('the Maturity Date').


The following directors/PDMRs elected to call for the release of the Shares set out below following the Maturity Date. On 4 July 2008, sufficient Shares were sold at £14.0078 per share in order to discharge income tax and National Insurance contribution liabilities arising on their release from the Deferred Bonus Plan Trust ('the Trust').  


Executive director

Shares released from the Trust

Shares sold at £14.0078 to satisfy the tax liability

Shares retained


Ian Marchant

39,431

16,200

23,231

Gregor Alexander

19,527

8,023

11,504

PDMR




Paul Isgar

3,646

1,498

2,148

Graham Juggins

3,242

1,332

1,910

Tony Keeling

3,849

1,582

2,267

Robert McDonald

3,242

1,332

1,910

Mark Mathieson

2,973

1,222

1,751

Paul Smith

4,053

1,666

2,387

Alan Young

3,849

1,582

2,267


The following PDMRs elected to call for the release of the Shares set out below following the Maturity Date. On 4 July 2008, all Shares were sold at £14.0078 per share, sufficient monies were deducted to discharge income tax and National Insurance contribution liabilities arising on their release from the Deferred Bonus Plan Trust ('the Trust')and the residual monies were transferred to the individuals.



PDMR

Shares released from the Trust and sold at £14.0078

Vincent Donnelly

3,733

Ian Manson

3,646

Adrian Pike

4,053


The Trustees have transferred the Shares to satisfy these entitlements out of the Trust.



The executive directors shareholdings are as follows:


Executive director

Total holding following this notification

Total holding as a percentage of shares in issue


Ian Marchant



142,452


0.016%

Gregor Alexander



44,176


0.005%



Also, on 4 July 2008 the Company was notified that Adrian Pike,PDMR, sold 4,006 Ordinary 50p shares on 4 July 2008 at a price of £13.991 per share.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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