Director/PDMR Shareholding

RNS Number : 7113D

SSE PLC

30 June 2021

 

SSE plc

Director/PDMR Shareholding

SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

(i)  Deferred Bonus Scheme (DBS) - Vesting of Awards Granted 28 June 2018

On 29 June 2021, the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the DBS to the Executive Directors and PDMRs listed in the table that follows.  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).  In addition, the vested shares (balance post-tax), known as "Career Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the DBS Rules.

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Gregor Alexander (Executive Director) Alistair Phillips-Davies (Executive Director) Martin Pibworth (Executive Director) Rob McDonald (PDMR) Jim Smith (PDMR) Elizabeth Tanner (PDMR)
2	Reason for the notification
a)	Position/status	As noted in 1a) above
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SSE plc
b)	LEI	549300KI75VYLLMSK856
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 50 pence each fully paid ISIN: GB0007908733
b)	Nature of transaction	Vesting of Awards under the SSE plc Deferred Bonus Scheme
c)	Price(s) and volume(s)	Vesting of awards granted under the SSE plc Deferred Bonus Scheme on 28 June 2021 at a vesting price of GBP£15.222599
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities Net Number of Shares transferred to Participant Career Shares transferred to Nominee Gregor Alexander (Executive Director) 16,640 4,001 20,641 9,943   - 10,698 Alistair Phillips-Davies (Executive Director) 24,841 5,974 30,815 14,844 -  15,971 Martin Pibworth (Executive Director) 10,398 2,496 12,894 6,212 -  6,682 Rob McDonald (PDMR) 5,179 1,244 6,423 3,094 3,329 - Jim Smith (PDMR) 5,794 1,391 7,185 3,461 3,724 - Elizabeth Tanner (PDMR) 2,504 599 3,103 1,464 1,639 -
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	28 June 2021
f)	Place of transaction	Outside a trading venue

(ii)  Performance Share Plan (PSP) - Vesting of Awards Granted 28 June 2018

On 29 June 2021 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the PSP to the Executive Directors listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2018.  In total 28% of the award vested for participants.  The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the PSP Rules.

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Gregor Alexander (Executive Director) Alistair Phillips-Davies (Executive Director) Martin Pibworth (Executive Director)
2	Reason for the notification
a)	Position/status	As noted in 1a) above
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SSE plc
b)	LEI	549300KI75VYLLMSK856
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 50 pence each fully paid ISIN: GB0007908733
b)	Nature of transaction	Vesting of Awards under the SSE plc Performance Share Plan.
c)	Price(s) and volume(s)	Vesting of awards granted under the SSE plc Performance Share Plan on 28 June 2021 at a vesting price of GBP£15.222599
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares vested at 28% No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities Award Shares transferred to Nominee Gregor Alexander (Executive Director) 89,466 21,523 31,076 14,969 16,107 Alistair Phillips-Davies (Executive Director) 132,287 31,826 45,951 22,135 23,816 Martin Pibworth (Executive Director 66,957 16,108 23,258 11,204 12,054
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	28 June 2021
f)	Place of transaction	Outside a trading venue

(iii)  Leadership Share Plan (LSP) - Vesting of Awards Granted 28 June 2018

On 29 June 2021 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the LSP to the PDMRs listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2018.  In total 100% of the award vested for participants.

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Rob McDonald (PDMR) Jim Smith (PDMR) Elizabeth Tanner (PDMR)
2	Reason for the notification
a)	Position/status	As noted in 1a) above
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SSE plc
b)	LEI	549300KI75VYLLMSK856
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 50 pence each fully paid ISIN: GB0007908733
b)	Nature of transaction	Vesting of Awards under the SSE plc Leadership Share Plan.
c)	Price(s) and volume(s)	Vesting of awards granted under the SSE plc Leadership Share Plan on 28 June 2021 at a vesting price of GBP£15.222599
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares vested at 100% No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities Net Number of Shares transferred to Participant Rob McDonald (PDMR) 21,338 5,132 26,470 12,751 13,719 Jim Smith (PDMR) 23,875 5,742 29,617 14,267 15,350 Elizabeth Tanner (PDMR) 10,402 2,500 12,902 6,086 6,816
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	28 June 2021
f)	Place of transaction	Outside a trading venue

 

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