Director/PDMR Shareholding

RNS Number : 2879J

Scottish & Southern Energy PLC

26 March 2010

 



TRANSACTIONS BY DIRECTORS AND PDMRS

 

DISCLOSURE PURSUANT TO DISCLOSURE AND TRANSPARENCY RULE 3.1.4R(1)(a)

 

UK SHARE INCENTIVE PLAN

The Company was notified on 25 March 2010 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 25 March 2010 in the Company's ordinary shares:-

(a)        that 53,459 shares were purchased and allocated at £11.2735 per share using participating employees' gross salary ('Partnership Shares').

(b)        that the Company matched the Partnership Shares purchased by employees and allocated a further 45,218 shares at £11.2735 per share ('Matching Shares').  The Company gives employees 2 Matching Shares for each Partnership Share bought by them up to a maximum of 6 Matching Shares per employee, each month.

The purchase, referred to above, was made pursuant to a regular standing order instruction with Computershare Investor Services plc for the monthly purchase of Partnership Shares.

The interests of Executive Directors/PDMRs of the Company in the transactions were as follows:

Director/PDMR	SIP Purchases		Total holding following notification
	Number of Partnership Shares	Number of Matching Shares
Colin Hood Director	11	6	56,825
Ian Marchant Director	11	6	210,304
Alistair Phillips-Davies Director	11	6	90,109
Gregor Alexander Director	11	6	81,442
Mark Mathieson PDMR	12	6	N/A
Adrian Pike PDMR	11	6	N/A
Paul Smith PDMR	11	6	N/A

IRISH SHARE INCENTIVE PLAN

The Company was notified on 25 March 2010 by Computershare Investor Services plc, the administrator of this Plan, of the following purchases on 25 March 2010 in the Company's ordinary shares.

(a)        that 2,240 shares were purchased and allocated at £11.2391 per share using participating employees' net salary ('Partnership and Excess Shares').

(b)        that the Company matched the Partnership Shares purchased by employees and allocated a further 1,360 shares at £11.2391 per share ('Matching Shares').  The Company gives employees 1 Matching Share for each Partnership Share bought by them up to a maximum of 6 Matching Shares per employee, each month.

The purchase, referred to above, was made pursuant to a regular standing order instruction with Computershare Investor Services plc for the quarterly purchase of Partnership Shares.

The Company is obliged to disclose the following transaction by Paul Dowling, PDMR:

PDMR	SIP Purchases
	Number of Partnership / Excess Shares	Number of Matching Shares
Paul Dowling	35	18

DIVIDEND REINVESTMENT PLAN - 26 MARCH 2010

The Company was notified on 26 March 2010 by Capita Registrars, the Company's Registrars, that the undernoted Directors had arranged for the cash dividends paid on 26 March 2010 to be reinvested and used to purchase further shares at a price of £11.20 per share.

Director	Shares acquired	Total Holding following notification
Colin Hood	521	57,346
Susan Rice	89	4,904
Nicholas Baldwin	41	2,244

 

END

 

 

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