Director/PDMR Shareholding

RNS Number : 4832Y

Scottish & Southern Energy PLC

07 July 2008

 



Notification of Directors'/PDMRs' Interests

On 4 July 2008 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 2008, sufficient Shares were sold at £14.0078 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	Shares released from the Trust	Shares sold at £14.0078 to satisfy the tax liability	Shares retained
Ian Marchant	39,431	16,200	23,231
Gregor Alexander	19,527	8,023	11,504
PDMR
Paul Isgar	3,646	1,498	2,148
Graham Juggins	3,242	1,332	1,910
Tony Keeling	3,849	1,582	2,267
Robert McDonald	3,242	1,332	1,910
Mark Mathieson	2,973	1,222	1,751
Paul Smith	4,053	1,666	2,387
Alan Young	3,849	1,582	2,267

The following PDMRs elected to call for the release of the Shares set out below following the Maturity Date. On 4 July 2008, all Shares were sold at £14.0078 per share, sufficient monies were deducted to discharge income tax and National Insurance contribution liabilities arising on their release from the Deferred Bonus Plan Trust ('the Trust')and the residual monies were transferred to the individuals.

PDMR	Shares released from the Trust and sold at £14.0078
Vincent Donnelly	3,733
Ian Manson	3,646
Adrian Pike	4,053

The Trustees have transferred the Shares to satisfy these entitlements out of the Trust.

The executive directors shareholdings are as follows:

Executive director	Total holding following this notification	Total holding as a percentage of shares in issue
Ian Marchant	142,452	0.016%
Gregor Alexander	44,176	0.005%

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Also, on 4 July 2008 the Company was notified that Adrian Pike,PDMR, sold 4,006 Ordinary 50p shares on 4 July 2008 at a price of £13.991 per share.

 

END

 

 

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