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23 Nov 2018 15:36
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
23 November 2018
SSP Group plc
(the "Company")
Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR")
The Company has been notified that the persons set out in the tables below, each being a Person Discharging Managerial Responsibility (a "PDMR"), were granted awards taking the form of nil cost options or conditional share awards ("Awards") to acquire ordinary shares of 11/30 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 627.05 pence per Share.
The vesting of the Awards is subject to 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.
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 | Jonathan Davies | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Financial 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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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 | 22 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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) |
| ||||||
f) | Aggregated Information - Price - Volume - Total Price |
| ||||||
g) | Date of transaction | 22 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
1 | Details of the person discharging managerial responsibility | |||||||
a) | Name | Simon Smith | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | CEO - UK & Ireland | ||||||
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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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) |
| ||||||
f) | Aggregated Information - Price - Volume - Total Price |
| ||||||
g) | Date of transaction | 22 November 2018 | ||||||
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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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) |
| ||||||
f) | Aggregated Information - Price - Volume - Total Price |
| ||||||
g) | Date of transaction | 22 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
1 | Details of the person discharging managerial responsibility | |||||||
a) | Name | Nicholas Inkster | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | CEO - Nordics & Spain | ||||||
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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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) |
| ||||||
f) | Aggregated Information - Price - Volume - Total Price |
| ||||||
g) | Date of transaction | 22 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
1 | Details of the person discharging managerial responsibility | |||||||
a) | Name | Oliver Dörschuck | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | CEO - DACH and FRABEL | ||||||
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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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) |
| ||||||
f) | Aggregated Information - Price - Volume - Total Price |
| ||||||
g) | Date of transaction | 22 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
1 | Details of the person discharging managerial responsibility | |||||||
a) | Name | Christopher Rayner | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | CEO - Asia Pacific | ||||||
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 11/30 pence | ||||||
b) | Identification Code | GB00BFWK4V16 | ||||||
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) |
| ||||||
f) | Aggregated Information - Price - Volume - Total Price |
| ||||||
g) | Date of transaction | 22 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||
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