Last checked at 5 Dec 2019 13:59
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
5 December 2019
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 2016 over ordinary shares of 117/200 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") together with any notifications of transfers of Shares to persons closely associated with any PDMRs.
Name of PDMR | Position | Number of Shares acquired on vesting/exercise of 2016 PSP Awards | Number of Shares sold on vesting/exercise of 2016 PSP Awards |
Simon Smith | Chief Executive Officer | 119,192 | 56,737 |
Michael Svagdis | CEO - North America | 146,617 | 71,026 |
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: +44 (0) 207 543 3404
1 | Details of the person discharging managerial responsibility | |||||||||||||||||||||||||
a) | Name | Simon Smith | ||||||||||||||||||||||||
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 117/200 pence | ||||||||||||||||||||||||
b) | Identification Code | GB00BGBN7C04 | ||||||||||||||||||||||||
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; 3. Transfer of legal title to shares with no change in beneficial ownership; and 4. Transfer of beneficial ownership of shares to wife (Danielle Smith). | ||||||||||||||||||||||||
d) | Currency | GBP - British Pound | ||||||||||||||||||||||||
e) | Price(s) and Volume(s) | Exercise:
Sale to discharge tax liabilities:
Transfer to nominee CREST account:
Transfer to wife:
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f) | Aggregated Information - Price - Volume - Total Price | Exercise:
Sale to discharge tax liabilities:
Transfer to nominee CREST account:
Transfer to wife:
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g) | Date of transaction | Exercise and Sale - 02/12/2019 Transfers - 04/12/2019 | ||||||||||||||||||||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||||||||||
1 | Details of the person discharging managerial responsibility/person closely associated with PDMR | |||||||
a) | Name | Danielle Smith | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | The notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant PDMR is Simon Smith (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 117/200 pence | ||||||
b) | Identification Code | GB00BGBN7C04 | ||||||
c) | Nature of the transaction | Transfer of the beneficial ownership of shares from husband (Simon Smith). | ||||||
d) | Currency | GBP - British Pound | ||||||
e) | Price(s) and Volume(s) |
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f) | Aggregated Information - Price - Volume - Total |
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g) | Date of transaction | 04/12/2019 | ||||||
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 117/200 pence | ||||||||||||
b) | Identification Code | GB00BGBN7C04 | ||||||||||||
c) | Nature of the transaction | 1. Vesting of Share award under the Company's Performance Share Plan (PSP); and 2. Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting.
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d) | Currency | GBP - British Pound | ||||||||||||
e) | Price(s) and Volume(s) | Vesting:
Sale to discharge tax liabilities:
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f) | Aggregated Information - Price - Volume - Total Price | Vesting:
Sale to discharge tax liabilities:
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g) | Date of transaction | Vest and Sale - 02/12/2019
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h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||