REG - SSE Plc - Director/PDMR Shareholding Replacement <Origin Href="QuoteRef">SSE.L</Origin>

SSEAnnouncement

05/07/2016 15:20

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RNS Number : 3150D
SSE PLC
05 July 2016 
 
SSE PLC (SSE/the Company) 
 
TRANSACTIONS BY DIRECTORS/PDMRs 
 
This announcement replaces the previous announcement lodged on 5 July 2016
reference number 1997D. 
 
(i)           DEFERRED BONUS SCHEME (DBS) 
 
VESTING OF AWARDS GRANTED 13 JUNE 2013 
 
The Company announces that following the vesting on 21 June 2016 the
independent Trustee of the SSE Employee Trust notified the Company that it had
on 21 June 2016 transferred the beneficial interest in a total of 17,131 SSE
ordinary shares (the "shares"), subject to awards granted on 13 June 2013
under the DBS, to the following persons discharging managerial responsibility
("PDMRs"). 
 
 PDMR                                Gross Award of Shares  Accrued Dividend Shares  Total Shares  No. of Shares sold at £15.5115 to meet income tax and National Insurance liabilities  Net Number of Shares transferred to Participant  Total Beneficial Interest following this Notification  
 Alistair Phillips-Davies, Director  3,440                  647                      4,087         1,925                                                                                 2,162                                            149,883                                                
 Gregor Alexander, Director          3,440                  647                      4,087         1,925                                                                                 2,162                                            141,856                                                
 Jim McPhillimy, PDMR                2,767                  520                      3,287         1,544                                                                                 1,743*                                           N/A                                                    
 Will Morris,PDMR                    1,612                  300                      1,912         901                                                                                   1,011                                            N/A                                                    
 Colin Nicol, PDMR                   1,120                  210                      1,330         627                                                                                   703                                              N/A                                                    
 Martin Pibworth, PDMR               2,045                  383                      2,428         1,144                                                                                 1,284                                            N/A                                                    
 
 
*shares subsequently sold at £15.5115 on 21 June 2016 
 
Vesting of these shares was subject to continuous employment over the three
year period from date of grant (or as provided by the DBS Plan Rules). 
 
(ii)          PERFORMANCE SHARE PLAN (PSP)
AWARDS GRANTED 13 JUNE 2013

As stated in the Annual Remuneration Report 2015/16, based on performance
targets, there will be no vesting of the 2013 PSP Award in respect of
Directors and PDMRs. 
 
(iii)         LONG TERM INCENTIVE PLAN (LTIP)
GRANT OF AWARD 27 MAY 2011

On 27 May 2011, the Company granted an award to Jim McPhillimy (PDMR) under
the LTIP.    Based on performance targets, the plan vested on 21 June 2016 at
41%.  Jim McPhillimy was awarded 23,415 shares, and after selling 11,028
shares at £15.5115 to meet income tax and National Insurance liabilities he
received 12,387 shares. 
 
This notification relates to a disclosure made in accordance with DTR3.1.4R
which was in force at date of vesting. 
 
This information is provided by RNS
The company news service from the London Stock Exchange