Director/PDMR Shareholding

RNS Number : 1305T

SSE PLC

15 July 2020

 

SSE plc

Director/PDMR Shareholding

SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

Retention Share Award - Vesting of Award Granted July 2017

On 13 July 2020, the independent Trustee of the SSE Employee Trust notified the Company that it had on 13 July 2020 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 12 January 2017 as a retention award to Martin Pibworth (Executive Director).  A breakdown of the trade is provided in the table below.  Vesting of these shares was subject to continuous employment over the forty-two-month period from date of grant. 

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Martin Pibworth (Executive Director)
2	Reason for the notification
a)	Position/status	As noted in 1a) above
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SSE plc
b)	LEI	549300KI75VYLLMSK856
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 Identification code	Ordinary shares of 50 pence each fully paid ISIN: GB0007908733
b)	Nature of transaction	Vesting of a Retention Award
c)	Price(s) and volume(s)	Vesting of a Retention Award on 13 July 2020 at a vesting price of GBP£13.37167
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares No. Shares sold at £ 13.37167 to meet income tax and National Insurance liabilities Net Number of Shares transferred to Participant Martin Pibworth (Executive Director) 25,000 6,714 31,714 15,277 16,437
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	13 July 2020
f)	Place of transaction	Outside a trading venue

 

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