Director/PDMR Shareholding

SSP Group PLC

30 January 2025

 

FOR IMMEDIATE RELEASE                                                                                                 LEI: 213800QGNIWTXFMENJ24

30 January 2025

SSP Group plc

(the "Company")

Notification of transactions by Persons Discharging Managerial Responsibility ("PDMR")

On 29 January 2025, the persons set out in the tables below, each being a Person Discharging Managerial Responsibility (a "PDMR"), were granted Performance Share Awards taking the form of nil cost options or conditional share awards ("Awards") to acquire ordinary shares of 1^17/200 pence each ("Shares") under the Company's Long Term Incentive Plan (the "Plan") on the dates and at the prices set out below.

The Awards will vest subject to the satisfaction of performance conditions measured over a three-year period from 1 October 2024 to 30 September 2027.  50% of the Award is subject to an earnings per share target, 25% of the Award is subject to Return on Capital Employed target and 25% of the Award is subject to a relative total shareholder return target. Following exercise, the shares under the Awards issued to the Group CEO and Deputy Group CEO & CFO  will be subject to a two-year holding period (calculated from the date of vest) during which the PDMR will not be able to sell or otherwise transfer his shares, other than in very limited circumstances.

The number of Shares subject to the Awards has been determined by reference to the closing price of the Company's Shares on the day before the Awards were granted, being £1.788 per Share.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK version of the EU Market Abuse Regulation which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

For further information, please contact:

SSP Group plc

Fiona Scattergood, Group General Counsel & Company Secretary                   

Tel:  [phone]

1	Details of the person discharging managerial responsibility
a)	Name	Patrick Coveney
2	Reason for the notification
a)	Position/status	Group CEO
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 924,105 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 924,105 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Jonathan Davies
2	Reason for the notification
a)	Position/status	Deputy Group CEO & CFO
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 614,093 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 614,093 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Jeremy Fennell
2	Reason for the notification
a)	Position/status	Group COO
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 368,456 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 368,456 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Patrick Murray
2	Reason for the notification
a)	Position/status	CEO Americas
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 354,276 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 354,276 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Kari Danies
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 398,573 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 398,573 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Satya Menard
2	Reason for the notification
a)	Position/status	CEO Continental Europe
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 351,721 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 351,721 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Jonathan Robinson
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 240,436 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 240,436 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

1	Details of the person discharging managerial responsibility
a)	Name	Mark Angela
2	Reason for the notification
a)	Position/status	Chief Business Development and Strategy Officer, CEO EEME
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 117/200 pence
b)	Identification Code	GB00BGBN7C04
c)	Nature of the transaction	Grant of an Award to acquire Shares under the Company's Long Term Incentive Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Price(s) per share Volume(s) Aggregate Price £0 314,737 £0
f)	Aggregated Information - Price - Volume -   Total Price	Price(s) per share Volume(s) Total Aggregate Price £0 314,737 £0
g)	Date of transaction	29 January 2025
h)	Place of transaction	Outside of trading venue

 

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