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1 Jul 2020 18:24
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 26 June 2017
On 26 June 2020, the independent Trustee of the SSE Employee Trust notified the Company that it had on 26 June 2020 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 26 June 2017 under the DBS to the Executive Directors and 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). In addition, the vested shares (balance post-tax), known as "Career 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 DBS 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) Rob McDonald (PDMR) Colin Nicol (PDMR) Jim Smith (PDMR) Elizabeth Tanner (PDMR) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Reason for the notification | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
a) | Position/status | As noted in 1a) above | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
a) | Name | SSE plc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
b) | LEI | 549300KI75VYLLMSK856 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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 26 June 2020 at a vesting price of GBP£13.745984 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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d) | Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
e) | Date of transaction | 26 June 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
f) | Place of transaction | Outside a trading venue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(ii) Performance Share Plan (PSP) - Vesting of Awards Granted 26 June 2017
On 26 June 2020 the independent Trustee of the SSE Employee Trust notified the Company that it had on 26 June 2020 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 26 June 2017 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 2017. In total 27% of the award vested for participants. The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies and Gregor Alexander 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) | ||||||||||||||||||
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 26 June 2017 at a vesting price of GBP£13.745984
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d) | Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above | ||||||||||||||||||
e) | Date of transaction | 26 June 2020 | ||||||||||||||||||
f) | Place of transaction | Outside a trading venue | ||||||||||||||||||
(iii) Leadership Share Plan (LSP) - Vesting of Awards Granted 26 June 2017
On 26 June 2020 the independent Trustee of the SSE Employee Trust notified the Company that it had on 26 June 2020 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 26 June 2017 under the LSP to the Executive Director and 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 2017. 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) | Martin Pibworth (Executive Director) Rob McDonald (PDMR) Colin Nicol (PDMR) Jim Smith (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 26 June 2017 at a vesting price of GBP£13.745984 | |||||||||||||||||||||||||||||||||||
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d) | Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above | |||||||||||||||||||||||||||||||||||
e) | Date of transaction | 26 June 2020 | |||||||||||||||||||||||||||||||||||
f) | Place of transaction | Outside a trading venue | |||||||||||||||||||||||||||||||||||
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