Director/PDMR Shareholding
Scottish & Southern Energy PLC
05 July 2006
Notification of Directors'/PDMRs' Interests
On 4 July 2006 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 2006, sufficient Shares were
sold at £11.42 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/PDMR Shares released Shares sold at Shares
from the Trust £11.42 to remaining
satisfy the tax
liability
Ian Marchant 35,338 14,544 20,794
Alistair
Phillips-Davies 17,667 7,271 10,396
Gregor
Alexander 14,132 5,816 8,316
Vincent
Donnelly 3,778 1,555 2,223
Paul Isgar 1,150 473 677
Tony Keeling 1,115 459 656
Ian Manson 3,429 1,411 2,018
Adrian Pike 1,034 426 608
Brian Smith 3,057 1,258 1,799
James Smith 3,100 1,276 1,824
Paul Smith 7,709 3,173 4,536
Robert McDonald 1,701 700 1,001
Alan Young 3,026 1,245 1,781
The Trustees have transferred the Shares to satisfy these entitlements out of
the Trust.
Vincent Donnelly has transferred on 4 July 2006, 500 shares to each of his two
adult children.
As a result of the transactions referred to above the Trust holds a total of
729,861 Shares representing 0.08% of the Company's issued share capital. The
executive directors are technically deemed for Companies Act purposes to be
interested in all the Shares held by the Trust. The executive directors
shareholdings are as follows:
Executive director Total holding Total holding
following this as a percentage
notification of shares in
issue
Ian Marchant 93,997 0.011%
Alistair Phillips-Davies 30,942 0.004%
Gregor Alexander 21,398 0.002%
Also, on 4 July 2006 , Mark Mathieson had exercised 500 options at an option
price of £3.15 and 500 options at an option price of £5.47.
This information is provided by RNS
The company news service from the London Stock Exchange
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