Last checked at 20 Dec 2023 11:55
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
20 December 2023
SSP Group plc
(the "Company")
Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that the persons set out in the tables below, each being a Person Discharging Managerial Responsibility (a "PDMR"), have transacted in ordinary shares of 117/200 pence nominal value in the capital of the Company (the "Shares") in connection with awards granted under the Performance Share Plan (the "PSP Awards") and Restricted Share Plan (the "RSP Awards").
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK version of the EU Market Abuse Regulation which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
For further information, please contact:
SSP Group plc
Fiona Scattergood, Group General Counsel & Company Secretary
Tel: +44 (0) 207 543 3404
1 | Details of the person discharging managerial responsibility | |||||||||||||
a) | Name | Jonathan Robinson | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | CEO - SSP 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 117/200 pence | ||||||||||||
b) | Identification Code | GB00BGBN7C04 | ||||||||||||
c) | Nature of the transaction | 1. Exercise of Awards granted under the Company's Performance Share Plan (PSP) in November 2018, November 2019 and December 2020 (the "PSP Awards"); and 2. Sale of Shares acquired on the exercise of the PSP Awards to discharge tax liabilities arising on such exercise.
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d) | Currency | GBP - British Pound | ||||||||||||
e) | Price(s) and Volume(s) |
1. Exercise
2. Sale to discharge tax liabilities
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f) | Aggregated Information - Price - Volume - Total Price | 1. Exercise
2. Sale to discharge tax liabilities
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g) | Date of transaction | 19 December 2023 | ||||||||||||
h) | Place of transaction | London Stock Exchange (XLON) | ||||||||||||
1 | Details of the person discharging managerial responsibility | |||||||||||||
a) | Name | Michael Svagdis | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | CEO - SSP 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 a Conditional Share Award granted under the Company's Restricted Share Plan in June 2021 (the "RSP Award"); and 2. Sale of Shares acquired on the vesting of the RSP Award to discharge tax liabilities arising on such vesting.
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d) | Currency | GBP - British Pound | ||||||||||||
e) | Price(s) and Volume(s) | 1. Vesting
2. Sale to discharge tax liabilities
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f) | Aggregated Information - Price - Volume - Total Price | 1. Vesting
2. Sale to discharge tax liabilities
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g) | Date of transaction | 18 December 2023 | ||||||||||||
h) | Place of transaction | London Stock Exchange (XLON) | ||||||||||||