Director/PDMR Shareholding

RNS Number : 1997D

SSE PLC

04 July 2016

 

SSE PLC (SSE/the Company)

TRANSACTIONS BY DIRECTORS/PDMRs

(i)           DEFERRED BONUS SCHEME (DBS)

VESTING OF AWARDS GRANTED 13 JUNE 2013

The Company announces that following the vesting on 21 June 2016 the independent Trustee of the SSE Employee Trust notified the Company that it had on 21 June 2016 transferred the beneficial interest in a total of 114,644 SSE ordinary shares (the "shares"), subject to awards granted on 13 June 2013 under the DBS, to the following persons discharging managerial responsibility ("PDMRs").

PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares	No. of Shares sold at £15.5115 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant	Total Beneficial Interest following this Notification
Alistair Phillips-Davies, Director	3,440	647	4,087	1,925	2,162	149,883
Gregor Alexander, Director	3,440	647	4,087	1,925	2,162	141,856
Jim McPhillimy, PDMR	2,767	520	3,287	1,544	1,743*	N/A
Colin Nicol, PDMR	1,120	210	1,330	627	703	N/A
Martin Pibworth, PDMR	2,045	383	2,428	1,144	1,284	N/A

*shares subsequently sold at £15.5115 on 21 June 2016

Vesting of these shares was subject to continuous employment over the three year period from date of grant (or as provided by the DBS Plan Rules).

(ii)          PERFORMANCE SHARE PLAN (PSP)
AWARDS GRANTED 13 JUNE 2013

As stated in the Annual Remuneration Report 2015/16, based on performance targets, there will be no vesting of the 2013 PSP Award in respect of Directors and PDMRs. 

(iii)         LONG TERM INCENTIVE PLAN (LTIP)
GRANT OF AWARD 27 MAY 2011

On 27 May 2011, the Company granted an award to Jim McPhillimy (PDMR) under the LTIP.    Based on performance targets, the plan vested on 21 June 2016 at 41%.  Following the vesting, Jim McPhillimy acquired 23,415 shares.

This notification relates to a disclosure made in accordance with DTR3.1.4R which was in force at date of vesting.

 

END

 

 

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