Scottish & Southern Energy PLC
28 July 2006
RIS ANNOUNCEMENT - DIRECTOR/PDMR DEALING
SCOTTISH AND SOUTHERN ENERGY PLC
Following notifications made in accordance with DR 3.1.4 (R)(1)(a) and section
324 of the Companies Act 1985, Scottish and Southern Energy plc (the 'Company')
wishes to notify the following changes in the interests of executive directors
and persons discharging managerial responsibility ('PDMR's) in ordinary shares
in the Company ('Shares') arising out of the operation of the Scottish and
Southern Energy plc Performance Share Plan (the 'PSP').
The PSP was approved by shareholders at the Company's Annual General Meeting
held on 27 July 2006.
On 27 July 2006, awards over Shares ('Awards') were granted under the PSP to the
following executive directors and PDMRs, as set out below. The number of Shares
stated is the maximum available to each director or PDMR on satisfaction in full
of the performance targets applicable to the Award. The number of Shares under
each Award has been calculated by reference £12.19, being the mid-market price
for a Share on 27 July 2006.
Executive Director Shares granted under award
Colin Hood 40,607
Ian Marchant 54,142
Alistair Phillips-Davies 28,301
Gregor Alexander 28,301
PDMR
Vincent Donnelly 7,075
Paul Isgar 8,305
Graham Juggins 6,460
Anthony Keeling 9,228
Ian Manson 7,383
Mark Mathieson 7,690
Robert McDonald 8,305
Jim McPhillimy 9,844
Adrian Pike 8,921
Brian Smith 6,460
James Smith 7,383
Paul Smith 9,844
Alan Young 8,305
Vesting of these Awards will be conditional on the satisfaction of financial
performance targets and other criteria. The earliest date on which the
participants could normally become entitled to the Shares comprised in the Award
is the date of announcement of results for the financial year ending 31 March
2009, or as otherwise determined by the rules of the PSP.
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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