REG - SSE Plc - Director/PDMR Shareholding

SSEAnnouncement

30/06/2021 15:45

RNS Number : 7113D
  
SSE PLC
  
30 June 2021
  
 

SSE plc
Director/PDMR Shareholding
SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
 
(i)           Deferred Bonus Scheme (DBS) - Vesting of Awards Granted 28 June 2018



On 29 June 2021, the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the DBS to the Executive Directors and PDMRs listed in the table that follows.  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).  In addition, the vested shares (balance post-tax), known as "Career Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the DBS Rules.




 
 



 
1


 
Details of the person(s) discharging managerial responsibilities/person closely associated with




a)


Name(s)


Gregor Alexander (Executive Director)
Alistair Phillips-Davies (Executive Director)
Martin Pibworth (Executive Director)
Rob McDonald (PDMR)
Jim Smith (PDMR)
Elizabeth Tanner (PDMR)




 
2


 
Reason for the notification




a)


Position/status


As noted in 1a) above




b)


Initial notification/Amendment


Initial notification




 
3


 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


SSE plc




b)


LEI


549300KI75VYLLMSK856




 
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 Identification code


Ordinary shares of 50 pence each fully paid
ISIN: GB0007908733




b)


Nature of transaction


Vesting of Awards under the SSE plc Deferred Bonus Scheme




c)


Price(s) and volume(s)
 
 


Vesting of awards granted under the SSE plc Deferred Bonus Scheme on 28 June 2021 at a vesting price of GBP£15.222599




 





Executive Director/PDMR


Gross Award of Shares


 
 
 
 
 
 
Accrued Dividend Shares


 
 
 
 
 
 
 
Total Shares


No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities


 
 
 
Net Number of Shares transferred to Participant


 
 
 
 
Career Shares transferred to Nominee




Gregor Alexander 
(Executive Director)


16,640


4,001


20,641


9,943


                                -


10,698




Alistair Phillips-Davies 
(Executive Director)


24,841


5,974


30,815


14,844


   
-                          


15,971




Martin Pibworth
(Executive Director)


10,398


2,496


12,894


6,212


  
-                              


6,682




Rob McDonald (PDMR)


5,179


1,244


6,423


3,094


3,329


 
-




Jim Smith 
(PDMR)


5,794


1,391


7,185


3,461


 
3,724


 
-




Elizabeth Tanner (PDMR)


2,504


599


3,103


1,464


 
1,639


 
-








d)


Aggregated information
-      Aggregated volume
-      Price


 
As noted in 4c) above
As noted in 4c) above




e)


Date of transaction


28 June 2021




f)


Place of transaction


Outside a trading venue



 
 
(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 28 June 2018

 On 29 June 2021 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the PSP to the Executive Directors listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2018.  In total 28% of the award vested for participants.  The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the PSP Rules.








 



 
1


 
Details of the person(s) discharging managerial responsibilities/person closely associated with




a)


Name(s)


Gregor Alexander (Executive Director)
Alistair Phillips-Davies (Executive Director)
Martin Pibworth (Executive Director)




 
2


 
Reason for the notification




a)


Position/status


As noted in 1a) above




b)


Initial notification/Amendment


Initial notification




 
3


 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


SSE plc




b)


LEI


549300KI75VYLLMSK856




 
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 Identification code


Ordinary shares of 50 pence each fully paid
ISIN: GB0007908733




b)


Nature of transaction


Vesting of Awards under the SSE plc Performance Share Plan.




c)


Price(s) and volume(s)
 
 


Vesting of awards granted under the SSE plc Performance Share Plan on 28 June 2021 at a vesting price of GBP£15.222599
 




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





Executive Director/PDMR


Gross Award of Shares


 
 
 
 
 
 
Accrued Dividend Shares


 
 
 
 
 
Total Shares vested at 28%


No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities


 
 
 
 
Award Shares transferred to Nominee




Gregor Alexander 
(Executive Director)


89,466


21,523


31,076


14,969


16,107




Alistair Phillips-Davies (Executive Director)


132,287


31,826


45,951


22,135


23,816




Martin Pibworth
(Executive Director


66,957


16,108


23,258


11,204


12,054








d)


Aggregated information
-      Aggregated volume
-      Price


 
As noted in 4c) above
As noted in 4c) above




e)


Date of transaction


28 June 2021




f)


Place of transaction


Outside a trading venue



 




 
(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 28 June 2018
On 29 June 2021 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the LSP to the PDMRs listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2018.  In total 100% of the award vested for participants.



 
1


 
Details of the person(s) discharging managerial responsibilities/person closely associated with




a)


Name(s)


Rob McDonald (PDMR)
Jim Smith (PDMR)
Elizabeth Tanner (PDMR)




 
2


 
Reason for the notification




a)


Position/status


As noted in 1a) above




b)


Initial notification/Amendment


Initial notification




 
3


 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


SSE plc




b)


LEI


549300KI75VYLLMSK856




 
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 Identification code


Ordinary shares of 50 pence each fully paid
ISIN: GB0007908733




b)


Nature of transaction


Vesting of Awards under the SSE plc Leadership Share Plan.




c)


Price(s) and volume(s)
 
 


Vesting of awards granted under the SSE plc Leadership Share Plan on 28 June 2021 at a vesting price of GBP£15.222599




 
 
 
 
 
 
 
 
 
 
 
 
 
 





Executive Director/PDMR


Gross Award of Shares


 
 
 
 
 
 
Accrued Dividend Shares


 
 
 
 
 
Total Shares vested at 100%


 
 
 
No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities


 
 
 
 
 
Net Number of Shares transferred to Participant




Rob McDonald (PDMR)


21,338


5,132


26,470


12,751


13,719




Jim Smith (PDMR)


23,875


5,742


29,617


14,267


15,350




Elizabeth Tanner (PDMR)


10,402


2,500


12,902


6,086


6,816








d)


Aggregated information
-      Aggregated volume
-      Price


 
As noted in 4c) above
As noted in 4c) above




e)


Date of transaction


28 June 2021




f)


Place of transaction


Outside a trading venue



 

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