Director/PDMR Shareholding

RNS Number : 5625E
SSE PLC
04 July 2019
 

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 2016

On 2 July 2019, the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2019 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2016 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, an element of the vested shares (one-third of the vested balance post-tax), known as "Career Shares" for Alistair Phillips-Davies and Gregor Alexander 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)

Colin Nicol (PDMR)

Jim Smith (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 2019 at a vesting price of GBP£11.163768

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

 

 

Total Shares

No. Shares sold at £11.163768 to meet income tax and National Insurance liabilities

 

 

 

Net Number of Shares transferred to Participant

 

 

 

 

Career Shares transferred to Nominee

Gregor Alexander

(Executive Director)

5,302

 

1,209

 

6,511

 

3,130

 

2,254

 

1,127

Alistair Phillips-Davies

(Executive Director)

6,860

 

 

1,566

 

 

8,426

 

 

4,051

 

 

2,916

 

 

1,459

Martin Pibworth

(Executive Director)

4,383

 

999

 

5,382

 

2,588

 

2,794

n/a

Rob McDonald (PDMR)

3,101

 

706

 

3,807

 

1,831

 

1,976

n/a

Colin Nicol

(PDMR)

3,930

 

896

 

4,826

 

2,320

 

2,506

n/a

Jim Smith (PDMR)

3,511

801

4,312

2,073

2,239

n/a

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2019

f)

Place of transaction

Outside a trading venue

 

 

(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 28 June 2016


On 2 July 2019 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2019 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2016 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 2016.  In total 26% of the award vested for participants.





 

 

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)

 

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 2016 at a vesting price of GBP£11.163768

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares vested at 26%

No. Shares sold at £11.163768 to meet income tax and National Insurance liabilities

 

 

 

Net Number of Shares transferred to Participant

Gregor Alexander

(Executive Director)

70,390

 

16,089

 

22,484

 

10,809

 

11,675

Alistair Phillips-Davies (Executive Director)

104,081

 

23,793

 

33,247

 

15,983

 

17,264

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2019

f)

Place of transaction

Outside a trading venue

 



 

(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 28 June 2016

On 2 July 2019 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2019 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2016 under the LSP to the Executive Director and 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 2016.  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)

Martin Pibworth (Executive Director)

Rob McDonald (PDMR)

Colin Nicol (PDMR)

Jim Smith (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 2016 at a vesting price of GBP£11.163768

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares vested at 100%

No. Shares sold at £11.163768 to meet income tax and National Insurance liabilities

 

 

 

Net Number of Shares transferred to Participant

Martin Pibworth

(Executive Director)

18,534

 

4,235

 

22,769

 

10,946

 

11,823

Rob McDonald (PDMR)

12,705

2,901

15,606

7,503

8,103

Colin Nicol (PDMR)

17,031

3,889

20,920

10,057

10,863

Jim Smith (PDMR)

14,045

3,208

17,253

8,294

8,959

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2019

f)

Place of transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHSSMFILFUSESW

Companies

SSE (SSE)
UK 100