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Director/PDMR Shareholding

30 Nov 2016 17:00

RNS Number : 6063Q
SSP Group PLC
30 November 2016
 

LEI: 213800QGNIWTXFMENJ24

 

FOR IMMEDIATE RELEASE

30 November 2016

 

SSP Group plc

(the "Company")

 

Notification of transactions of Persons Discharging Managerial Responsibilities

 

This notification is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 

On 30 November 2016, awards taking the form of nil cost options or conditional share awards ("Awards") to acquire ordinary shares of 1 pence each ("Shares") in the Company were granted to certain persons discharging managerial responsibilities ("PDMRs") under the SSP Group plc Performance Share Plan ("PSP"), as set out in the table below. The acquisition and grant of awards over Shares took place on the London Stock Exchange.

 

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 371 pence per Share.

 

Name of PDMR

Position

Number of Shares under Award

Aggregated Price of Shares under Award

Kate Swann

Chief Executive Officer

420,646

£0

Jonathan Davies

Chief Financial Officer

140,215

£0

Mark Angela

Chief Commercial Officer and CEO -Eastern Europe and Middle East

112,870

£0

Simon Smith

CEO - UK & Ireland

113,925

£0

Nicholas Inkster

CEO - Western Europe

108,667

£0

Michael Svagdis

CEO - North America

140,137

£0

Cornelius Everke

CEO - DACH

102,621

£0

Chris Rayner

CEO - Asia Pacific

95,383

£0

 

The vesting of the Awards is subject to the satisfaction of performance conditions measured over the three-year period from 1 October 2016 to 30 September 2019. 75% of the total Awards is based on earnings per share (EPS) growth and 25% of the total Awards is based on relative Total Shareholder Return (TSR).

 

No consideration was paid for the grant of any of the Awards.

 

For further information, please contact:

SSP Group plc

Helen Byrne, Company Secretary Tel: +44 (0) 207 543 3404

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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