REG - SSE Plc - Director/PDMR Shareholding
01/06/2022 17:00
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RNS Number : 6389N SSE PLC 01 June 2022
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 25 July 2019
On 1(st) June 2022, the independent Trustee of the SSE Employee Trust notified
the Company that it had on 31 May 2022 transferred the following beneficial
interest of Ordinary shares of 50 pence each fully paid in the Company,
subject to awards granted on 25 July 2019 under the DBS to the 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).
1 Details of the person(s) discharging managerial responsibilities/person
closely associated with
a) Name(s) Rob McDonald (PDMR)
Sam Peacock (PDMR)
John Stewart (PDMR)
Elizabeth Tanner (PDMR)
Stephen Wheeler (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 Ordinary shares of 50 pence each fully paid
code
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 31 May
2022 at a vesting price of GBP£17.563847
Executive Director/PDMR Gross Award of Shares
No. Shares sold at £17.563847 to meet income tax and National Insurance
liabilities
Net Number of Shares transferred to Participant
Accrued Dividend Shares
Total Shares
Rob McDonald 3,619 727 4,346 2,148 2,198
(PDMR)
Sam Peacock 926 184 1,110 538 572
(PDMR)
John Stewart 2,578 519 3,097 1,531 1,566
(PDMR)
Elizabeth Tanner 1,716 342 2,058 997 1,061
(PDMR)
Stephen Wheeler 3,329 668 3,997 2,086 1,911
(PDMR)
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 31 May 2022
f) Place of transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
31 May 2022
f)
Place of transaction
Outside a trading venue
(ii) Performance Share Plan (PSP) - Vesting of Awards
Granted 25 July 2019
On 1(st) June 2022 the independent Trustee of the SSE Employee Trust notified
the Company that it had on 31 May 2022 transferred the beneficial interest of
Ordinary shares of 50 pence each fully paid in the Company, subject to awards
granted on 25 July 2019 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 2019. In total 66% 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 Ordinary shares of 50 pence each fully paid
code
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 31 May
2022 at a vesting price of GBP£17.563847
Executive Director/PDMR Gross Award of Shares No. Shares sold at £17.563847 to meet income tax and National Insurance
liabilities
Award Shares transferred to Nominee
Total Shares vested at 66%
Accrued Dividend Shares
Gregor Alexander 103,991 21,002 82,493 40,771 41,722
(Executive Director)
Alistair Phillips-Davies (Executive Director) 153,763 31,056 121,977 59,061 62,916
Martin Pibworth 77,828 15,718 61,738 30,513 31,225
(Executive Director
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 31 May 2022
f) Place of transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
31 May 2022
f)
Place of transaction
Outside a trading venue
(iii) Leadership Share Plan (LSP) - Vesting of Awards
Granted 25 July 2019
On 1(st) June 2022 the independent Trustee of the SSE Employee Trust notified
the Company that it had on 31 May 2022 transferred the beneficial interest of
Ordinary shares of 50 pence each fully paid in the Company, subject to awards
granted on 25 July 2019 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 2019. 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)
Sam Peacock (PDMR)
John Stewart (PDMR)
Elizabeth Tanner (PDMR)
Stephen Wheeler (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 Ordinary shares of 50 pence each fully paid
code
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 31 May
2022 at a vesting price of GBP£17.563847
Executive Director/PDMR Gross Award of Shares
No. Shares sold at £17.563847 to meet income tax and National Insurance
liabilities
Total Shares vested at 100% Net Number of Shares transferred to Participant
Accrued Dividend Shares
Rob McDonald (PDMR) 15,284 3,085 18,369 9,079 9,290
Sam Peacock (PDMR) 3,707 746 4,453 2,157 2,296
John Stewart (PDMR) 11,269 2,273 13,542 6,693 6,849
Liz Tanner (PDMR) 11,463 2,311 13,774 6,670 7,104
Stephen Wheeler (PDMR) 15,183 3,064 18,247 9,522 8,725
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 31 May 2022
f) Place of transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
31 May 2022
f)
Place of transaction
Outside a trading venue
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