Last checked at 3 Jun 2019 18:00
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
3 June 2019
SSP Group plc
(the "Company")
Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR")
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.
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.
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.
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.
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 | Grant of Award over Shares under the Company's Performance Share Plan | ||||||
d) | Currency | GBP - British Pound | ||||||
e) | Price(s) and Volume(s) |
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f) | Aggregated Information - Price - Volume - Total Price |
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g) | Date of transaction | 3 June 2019 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
For further information, please contact:
SSP Group plc
Helen Byrne, Company Secretary
Tel: +44 (0) 207 543 3404