Last checked at 29 Nov 2018 17:00
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
29 November 2018
SSP Group plc
(the "Company")
Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs") 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 PSP awards granted in 2015 over ordinary shares of 11/30 pence nominal value (1 pence at the time of grant) in the capital of the Company (the "Shares") held by certain of its PDMRs under the PSP (the "PSP Awards"). Details of the PSP Awards are included in SSP's 2018 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* |
Kate Swann | Chief Executive Officer | 516,127 | 245,682 | 4,726,321 |
Jonathan Davies | Chief Financial Officer | 172,040 | 81,893 | 1,483,027 |
Simon Smith | CEO - UK & Ireland | 139,782 | 66,538 | 767,014 |
Michael Svagdis | CEO - North America | 142,182 | 135,978 | 123,410 |
Nick Inkster | CEO - Nordics & Spain | 133,331 | 63,467 | 425,722 |
Christopher Rayner | CEO - Asia Pacific | 93,624 | - | 890,190 |
*Not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK and International Share Incentive Plans but not any Matching Awards relating to unissued Shares in the case of the Company's International Share Incentive Plan.
The notification of dealing forms for each PDMR 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 | Kate Swann | ||||||||||||||||||
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 11/30 pence | ||||||||||||||||||
b) | Identification Code | GB00BFWK4V16 | ||||||||||||||||||
c) | Nature of the transaction | 1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); 2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise; and 3. Transfer of legal title to shares received on the exercise of an Award under the PSP (post sell to cover transaction) to a nominee CREST account. | ||||||||||||||||||
d) | Currency | GBP - British Pound | ||||||||||||||||||
e) | Price(s) and Volume(s) | Exercise:
Sale to discharge tax liabilities:
Transfer to nominee CREST account:
| ||||||||||||||||||
f) | Aggregated Information - Price - Volume - Total Price | Exercise:
Sale to discharge tax liabilities:
Transfer to nominee CREST account:
| ||||||||||||||||||
g) | Date of transaction | Exercise and Sale - 27 November 2018 Transfer - 29 November 2018 | ||||||||||||||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||||
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 | 1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and 2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise | ||||||||||||
d) | Currency | GBP - British Pound | ||||||||||||
e) | Price(s) and Volume(s) | Exercise:
Sale to discharge tax liabilities:
| ||||||||||||
f) | Aggregated Information - Price - Volume - Total Price | Exercise:
Sale to discharge tax liabilities:
| ||||||||||||
g) | Date of transaction | 27 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 | 1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and 2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise | ||||||||||||
d) | Currency | GBP - British Pound | ||||||||||||
e) | Price(s) and Volume(s) | Exercise:
Sale to discharge tax liabilities:
| ||||||||||||
f) | Aggregated Information - Price - Volume - Total Price | Exercise:
Sale to discharge tax liabilities:
| ||||||||||||
g) | Date of transaction | 28 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 | 1. Vesting of an Award to acquire Shares under the Company's Performance Share Plan (PSP); 2. Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting; and 3. Sale of Shares acquired on the vesting of an Award under the PSP | ||||||||||||||||||
d) | Currency | GBP - British Pound | ||||||||||||||||||
e) | Price(s) and Volume(s) | Vesting:
Sale to discharge tax liabilities:
Sale:
| ||||||||||||||||||
f) | Aggregated Information - Price - Volume - Total Price | Vesting:
Sale to discharge tax liabilities:
Sale:
| ||||||||||||||||||
g) | Date of transaction | Vesting - 27 November 2018 Sale to discharge tax liabilities - 27 November 2018 Sale - 28 November 2018 | ||||||||||||||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||||
1 | Details of the person discharging managerial responsibility | |||||||||||||
a) | Name | Nick 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 | 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 PSP to discharge tax liabilities arising on such exercise | ||||||||||||
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 | 28 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 | Exercise of an Award to acquire Shares under the Company's Performance Share Plan. | ||||||
d) | Currency | GBP - British Pound | ||||||
e) | Price(s) and Volume(s) | Exercise:
| ||||||
f) | Aggregated Information - Price - Volume - Total Price | Exercise:
| ||||||
g) | Date of transaction | 27 November 2018 | ||||||
h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||