3 Jun 2019 18:00
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
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3 June 2019
SSP Group plc
(the "Company")
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Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR")Â
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The Company has been notified that the person set out in the table below, being a Person Discharging Managerial Responsibility (a "PDMR"), was granted awards taking the form of nil cost options ("Awards") to acquire ordinary shares of 117/200 pence each ("Shares") on the dates and at the prices set out below.
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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 £6.7050 per Share.
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The vesting of the Awards is subject to a three year vesting period and the satisfaction of performance conditions measured over a three-year period from 1 October 2018 to 30 September 2021. 75% of the total Awards is based on earnings per share growth and 25% of the total Awards is based on relative Total Shareholder Return.
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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.
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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 Â pence | ||||||
b) | Identification Code | GB00BGBN7C04 | ||||||
c) | Nature of the transaction | Grant of Award over Shares under the Company's Performance Share Plan | ||||||
d) | Currency | GBP - British Pound | ||||||
e) | Price(s) and Volume(s) | Â
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f) | Aggregated Information - Price - Volume - Total Price | Â
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g) | Date of transaction | 3 June 2019 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) |
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 For further information, please contact:
 SSP Group plc
Helen Byrne, Company Secretary
Tel: +44 (0) 207 543 3404