Director/PDMR Shareholding

RNS Number : 9930A

SSP Group PLC

03 June 2019

 

FOR IMMEDIATE RELEASE                                                                                              LEI: 213800QGNIWTXFMENJ24

3 June 2019

SSP Group plc

(the "Company")

Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR") 

The Company has been notified that the person set out in the table below, being a Person Discharging Managerial Responsibility (a "PDMR"), was granted awards taking the form of nil cost options ("Awards") to acquire ordinary shares of 1^17/200 pence each ("Shares") on the dates and at the prices set out below.

The number of Shares subject to the Awards has been determined by reference to the closing price of the Company's Shares on the day before the Awards were granted, being £6.7050 per Share.

The vesting of the Awards is subject to a three year vesting period and the satisfaction of performance conditions measured over a three-year period from 1 October 2018 to 30 September 2021.  75% of the total Awards is based on earnings per share growth and 25% of the total Awards is based on relative Total Shareholder Return.

This announcement, including the notifications below, is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

1	Details of the person discharging managerial responsibility
a)	Name	Simon Smith
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Full name of the entity	SSP Group plc
b)	Legal Entity Identifier Code	213800QGNIWTXFMENJ24
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	Ordinary Shares of 117/200  pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of Award over Shares under the Company's Performance Share Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 74,571 £0
f)	Aggregated Information -       Price -       Volume -       Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 74,571 £0
g)	Date of transaction	3  June 2019
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

 For further information, please contact:

 SSP Group plc

Helen Byrne, Company Secretary                   

Tel:  [phone]

 

END

 

 

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