Scottish & Southern Energy PLC
14 August 2000
Scottish and Southern Energy plc ('the Company')
Award of shares under Deferred Bonus Plan
The Company announces the award on 11 August 2000 of 161,322 ordinary shares
of 50p each in the Company at a price of 556p per share being the average
price over the 42 day period following the announcement of the Company's
annual results on 31 May 2000, as set in terms of the rules of the Scottish
and Southern Energy Deferred Bonus Plan ('the Plan'). These shares will be
purchased by Bedell and Crustin Trustees Ltd as trustee of the Scottish and
Southern Energy Deferred Bonus Plan ('the Trust').
Performance - related awards under the Plan were granted on 11 August 2000 to
senior staff including executive directors and will (subject to the rules of
the Plan) be satisfied after three years using shares held by the Trust. The
share awards to the executive directors were as follows: J A Forbes - 33,295
shares, J Hart - 16,074 shares, I D Marchant - 17,389 shares, D Sigsworth -
15,205 shares, I W McMillan - 14,153 shares and J H Martin - 12,002 shares.
Rewards obtained by participants in the Plan are dependent on performance by
individuals and by the Company which is measured in financial terms and by
other criteria including the Company's performance relative to a group of
comparator companies in certain key variables.
Each executive director will only receive from the Trust that number of shares
to which they are entitled under their award. For Companies Act purposes,
however, the executive directors are technically regarded as having an
interest in all those shares held by the Trust.
Enquiries:
L J V Donnelly Tel: 01738 455150
Company Secretary
Scottish and Southern Energy plc
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