Director/PDMR Shareholding

RNS Number : 9686I

SSP Group PLC

29 November 2018

 

FOR IMMEDIATE RELEASE                                                                                 LEI: 213800QGNIWTXFMENJ24

29 November 2018

SSP Group plc

(the "Company")

Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs") in connection with the Vesting and Exercise of Awards under the Performance Share Plan ("PSP")

The Company today makes the following announcement regarding the vesting and exercise of the PSP awards granted in 2015 over ordinary shares of 1^1/30 pence nominal value (1 pence at the time of grant) in the capital of the Company (the "Shares") held by certain of its PDMRs under the PSP (the "PSP Awards").  Details of the PSP Awards are included in SSP's 2018 Annual Report:

Name of PDMR	Position	Number of Shares acquired on vesting/exercise of PSP Awards	Number of Shares sold on vesting/exercise of PSP Awards	Total number of Shares held following sale*
Kate Swann	Chief Executive Officer	516,127	245,682	4,726,321
Jonathan Davies	Chief Financial Officer	172,040	81,893	1,483,027
Simon Smith	CEO - UK & Ireland	139,782	66,538	767,014
Michael Svagdis	CEO - North America	142,182	135,978	123,410
Nick Inkster	CEO - Nordics & Spain	133,331	63,467	425,722
Christopher Rayner	CEO - Asia Pacific	93,624	-	890,190

*Not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK and International Share Incentive Plans but not any Matching Awards relating to unissued Shares in the case of the Company's International Share Incentive Plan.

The notification of dealing forms for each PDMR can be found below.

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.

 For further information, please contact:

 SSP Group plc

Helen Byrne, Company Secretary                   

Tel:  [phone]

1	Details of the person discharging managerial responsibility
a)	Name	Kate Swann
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 11/30 pence
b)	Identification Code	GB00BFWK4V16
c)	Nature of the transaction	1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); 2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise; and 3.      Transfer of legal title to shares received on the exercise of an Award under the PSP (post sell to cover transaction) to a nominee CREST account.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Exercise: Price(s) per share Volume(s) Aggregate Price £0 516,127 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.464674 245,682 £1,588,254.04 Transfer to nominee CREST account: Price(s) per share Volume(s) Aggregate Price £0 270,445 £0
f)	Aggregated Information -       Price -       Volume -       Total Price	Exercise: Price(s) per share Volume(s) Total Aggregate Price £0 516,127 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.464674 245,682 £1,588,254.04 Transfer to nominee CREST account: Price(s) per share Volume(s) Aggregate Price £0 270,445 £0
g)	Date of transaction	Exercise and Sale - 27 November 2018 Transfer - 29 November 2018
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibility
a)	Name	Jonathan Davies
2	Reason for the notification
a)	Position/status	Chief Financial 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 11/30 pence
b)	Identification Code	GB00BFWK4V16
c)	Nature of the transaction	1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and 2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Exercise: Price(s) per share Volume(s) Aggregate Price £0 172,040 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.485 81,893 £531,076.11
f)	Aggregated Information -       Price -       Volume -       Total Price	Exercise: Price(s) per share Volume(s) Total Aggregate Price £0 172,040 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.485 81,893 £531,076.11
g)	Date of transaction	27 November 2018
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

 

1	Details of the person discharging managerial responsibility
a)	Name	Simon Smith
2	Reason for the notification
a)	Position/status	CEO - UK & Ireland
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 11/30 pence
b)	Identification Code	GB00BFWK4V16
c)	Nature of the transaction	1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and 2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Exercise: Price(s) per share Volume(s) Aggregate Price £0 139,782 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.216 66,538 £413,600.21
f)	Aggregated Information -       Price -       Volume -       Total Price	Exercise: Price(s) per share Volume(s) Total Aggregate Price £0 139,782 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.216 66,538 £413,600.21
g)	Date of transaction	28 November 2018
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibility
a)	Name	Michael Svagdis
2	Reason for the notification
a)	Position/status	CEO - North America
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 11/30 pence
b)	Identification Code	GB00BFWK4V16
c)	Nature of the transaction	1.      Vesting of an Award to acquire Shares under the Company's Performance Share Plan (PSP); 2.      Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting; and 3.      Sale of Shares acquired on the vesting of an Award under the PSP
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Vesting: Price(s) per share Volume(s) Aggregate Price £0 142,182 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.484599 68,978 £447,294.67 Sale: Price(s) per share Volume(s) Aggregate Price £6.207162 67,000 £415,879.86
f)	Aggregated Information -       Price -       Volume -       Total Price	Vesting: Price(s) per share Volume(s) Total Aggregate Price £0 142,182 £0 Sale to discharge tax liabilities: Price(s) per share Volume(s) Aggregate Price £6.484599 68,978 £447,294.67 Sale: Price(s) per share Volume(s) Aggregate Price £6.207162 67,000 £415,879.86
g)	Date of transaction	Vesting - 27 November 2018 Sale to discharge tax liabilities - 27 November 2018 Sale - 28 November 2018
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibility
a)	Name	Nick Inkster
2	Reason for the notification
a)	Position/status	CEO - Nordics & Spain
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 11/30 pence
b)	Identification Code	GB00BFWK4V16
c)	Nature of the transaction	1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and 2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Exercise: Price(s) per share Volume(s) Aggregate Price £0 133,331 £0 Sale: Price(s) per share Volume(s) Aggregate Price £ 6.2419 63,467 £396,154.67
f)	Aggregated Information -       Price -       Volume -       Total Price	Exercise: Price(s) per share Volume(s) Total Aggregate Price £0 133,331 £0 Sale: Price(s) per share Volume(s) Aggregate Price £6.2419 63,467 £396,154.67
g)	Date of transaction	28 November 2018
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibility
a)	Name	Christopher Rayner
2	Reason for the notification
a)	Position/status	CEO - Asia Pacific
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 11/30 pence
b)	Identification Code	GB00BFWK4V16
c)	Nature of the transaction	Exercise of an Award to acquire Shares under the Company's Performance Share Plan.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Exercise: Price(s) per share Volume(s) Aggregate Price £0 93,624 £0
f)	Aggregated Information -       Price -       Volume -       Total Price	Exercise: Price(s) per share Volume(s) Total Aggregate Price £0 93,624 £0
g)	Date of transaction	27 November 2018
h)	Place of transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

DSHEAKFNALFPFFF