Last checked at 5 Mar 2018 18:15
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
5 March 2018
SSP Group plc
(the "Company")
Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR") 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 first PSP awards granted following the IPO in 2014 over ordinary shares of 1p in the capital of the Company (the "Shares") held by one of its PDMRs under the PSP (the "PSP Awards"). Full details of the PSP Awards are included in SSP's 2017 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* |
Mark Angela | Chief Commercial Officer and CEO - Eastern Europe and Middle East |
194,935
|
93,710 |
834,584 |
*not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK Share Incentive Plan.
The notification of dealing form for Mark Angela 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 | Mark Angela | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Commercial Officer and CEO - Eastern Europe and Middle East | ||||||||||||
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 1 pence | ||||||||||||
b) | Identification Code | GB00BNGWY422 | ||||||||||||
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 Company's Performance Share Plan | ||||||||||||
d) | Currency | GBP - British Pound | ||||||||||||
e) | Price(s) and Volume(s) | Exercise:
Sale:
| ||||||||||||
f) | Aggregated Information - Price - Volume - Total Price | Exercise:
Sale:
| ||||||||||||
g) | Date of transaction | 2 March 2018 | ||||||||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||