Director/PDMR Shareholding

RNS Number : 6704T

SSE PLC

07 October 2014

 



TRANSACTIONS BY DIRECTORS AND PDMRS

 

DISCLOSURE PURSUANT TO DISCLOSURE AND TRANSPARENCY RULE 3.1.4R(1)(a)

 

UK SHARE INCENTIVE PLAN

The Company was notified on 6 October 2014 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 6 October  2014 in the Company's ordinary shares:-

(a)        that 53,207 shares were purchased and allocated at £15.125 per share using participating employees' gross salary ('Partnership Shares').

(b)        that the Company matched the Partnership Shares purchased by employees and allocated a further 57,782 shares at £15.125 per share ('Matching Shares').  The Company gives employees 2 Matching Shares for each Partnership Share bought by them up to a maximum of 6 Matching Shares per employee, each month.

The purchase, referred to above, was made pursuant to a regular standing order instruction with Computershare Investor Services plc for the monthly purchase of Partnership Shares.

The interests of Executive Directors/PDMRs of the Company in the transactions were as follows:

Director/PDMR	SIP Purchases		Total holding following notification
	Number of Partnership Shares	Number of Matching Shares
Gregor Alexander Director	10	6	135,583
Alistair Phillips-Davies Director	8	6	145,606
Jim McPhillimy PDMR	8	6	N/A
Mark Mathieson PDMR	10	6	N/A
Will Morris PDMR	9	6	N/A
Martin Pibworth PDMR	3	6	N/A

The members of the Executive Committee comprise SSE's list of persons discharging managerial responsibilities under the Financial Services and Markets Act 2000.

ISA REINVESTMENT

The Company was notified on 6 October 2014 of a reinvestment by the manager of an ISA (formerly PEP) held by Gregor Alexander pursuant to a regular standing order instruction.  Gregor Alexander acquired 39 shares at a price of £15.18 per share on 6 October 2014.

Following this transaction, Gregor Alexander has a beneficial interest in 135,622 shares.

 

END

 

 

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