Director/PDMR Shareholding

RNS Number : 6389N

SSE PLC

01 June 2022

 

SSE plc

Director/PDMR Shareholding

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

(i)  Deferred Bonus Scheme (DBS) - Vesting of Awards Granted 25 July 2019

On 1^st June 2022, the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the DBS to the PDMRs listed in the table that follows.  Vesting of these shares was subject to continuous employment over the three-year period from date of grant (or as provided by the DBS Plan Rules).

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Rob McDonald (PDMR) Sam Peacock (PDMR) John Stewart (PDMR) Elizabeth Tanner (PDMR) Stephen Wheeler (PDMR)
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 Awards under the SSE plc Deferred Bonus Scheme
c)	Price(s) and volume(s)	Vesting of awards granted under the SSE plc Deferred Bonus Scheme on 31 May 2022 at a vesting price of GBP£17.563847
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities Net Number of Shares transferred to Participant Rob McDonald (PDMR) 3,619 727 4,346 2,148 2,198 Sam Peacock (PDMR) 926 184 1,110 538 572 John Stewart (PDMR) 2,578 519 3,097 1,531 1,566 Elizabeth Tanner (PDMR) 1,716 342 2,058 997 1,061 Stephen Wheeler (PDMR) 3,329 668 3,997 2,086 1,911
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	31 May 2022
f)	Place of transaction	Outside a trading venue

(ii)  Performance Share Plan (PSP) - Vesting of Awards Granted 25 July 2019

On 1^st June 2022 the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the PSP to the Executive Directors listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2019.  In total 66% of the award vested for participants.  The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the PSP Rules.

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Gregor Alexander (Executive Director) Alistair Phillips-Davies (Executive Director) 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 Awards under the SSE plc Performance Share Plan.
c)	Price(s) and volume(s)	Vesting of awards granted under the SSE plc Performance Share Plan on 31 May 2022 at a vesting price of GBP£17.563847
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares vested at 66% No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities Award Shares transferred to Nominee Gregor Alexander (Executive Director) 103,991 21,002 82,493 40,771 41,722 Alistair Phillips-Davies (Executive Director) 153,763 31,056 121,977 59,061 62,916 Martin Pibworth (Executive Director 77,828 15,718 61,738 30,513 31,225
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	31 May 2022
f)	Place of transaction	Outside a trading venue

(iii)  Leadership Share Plan (LSP) - Vesting of Awards Granted 25 July 2019

On 1^st June 2022 the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the LSP to the PDMRs listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2019.  In total 100% of the award vested for participants.

1	Details of the person(s) discharging managerial responsibilities/person closely associated with
a)	Name(s)	Rob McDonald (PDMR) Sam Peacock (PDMR) John Stewart (PDMR) Elizabeth Tanner (PDMR) Stephen Wheeler (PDMR)
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 Awards under the SSE plc Leadership Share Plan.
c)	Price(s) and volume(s)	Vesting of awards granted under the SSE plc Leadership Share Plan on 31 May 2022 at a vesting price of GBP£17.563847
	Executive Director/PDMR Gross Award of Shares Accrued Dividend Shares Total Shares vested at 100% No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities Net Number of Shares transferred to Participant Rob McDonald (PDMR) 15,284 3,085 18,369 9,079 9,290 Sam Peacock (PDMR) 3,707 746 4,453 2,157 2,296 John Stewart (PDMR) 11,269 2,273 13,542 6,693 6,849 Liz Tanner (PDMR) 11,463 2,311 13,774 6,670 7,104 Stephen Wheeler (PDMR) 15,183 3,064 18,247 9,522 8,725
d)	Aggregated information -  Aggregated volume -  Price	As noted in 4c) above As noted in 4c) above
e)	Date of transaction	31 May 2022
f)	Place of transaction	Outside a trading venue

 

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