REG - SSE Plc - Director/PDMR Shareholding
Wed 16:15
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RNS Number : 4583M SSE PLC 11 June 2025
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 22 July 2022
On 10 June 2025, the independent Trustee of the SSE Employee Trust notified
the Company that it had on 6 June 2025 transferred the following beneficial
interest of Ordinary shares of 50 pence each fully paid in the Company,
pursuant to awards granted on 22 July 2022 under the DBS including additional
shares representing the value of reinvested dividends over the three-year
period to the Directors/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) Alistair Phillips-Davies (Director)
Barry O'Regan (Director)
Martin Pibworth (Director)
Chris Burchell (PDMR)
Finlay McCutcheon (PDMR)
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 22 July
2022 at a vesting price of GBP£17.54615
Executive Director/PDMR Gross Award of Shares
No. Shares sold at £17.54615 to meet income tax and National Insurance
liabilities
Net Number of Shares transferred to Participant
Accrued Dividend Shares
Total Shares
Alistair Phillips-Davies (Director) 21,604 3,132 24,736 11,667 13,069
Barry O'Regan (Director) 3,365 486 3,851 2,014 1,837
Martin Pibworth (Director) 12,739 1,846 14,585 7,319 7,266
Chris Burchell 5,125 742 5,867 2,768 3,099
(PDMR)
Finlay McCutcheon 3,149 456 3,605 1,809 1,796
(PDMR)
Rob McDonald 5,121 742 5,863 2,942 2,921
(PDMR)
Sam Peacock 2,596 373 2,969 1,401 1,568
(PDMR)
John Stewart 3,176 458 3,634 1,824 1,810
(PDMR)
Elizabeth Tanner 3,912 566 4,478 2,113
(PDMR) 2,365
Stephen Wheeler 4,397 637 5,034 2,632
(PDMR) 2,402
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 6 June 2025
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
6 June 2025
f)
Place of transaction
Outside a trading venue
(ii) Performance Share Plan (PSP) - Vesting of Awards
Granted 22 July 2022
On 10 June 2025 the independent Trustee of the SSE Employee Trust notified the
Company that it had on 6 June 2025 transferred the beneficial interest of
Ordinary shares of 50 pence each fully paid in the Company, pursuant to awards
granted on 22 July 2022 under the PSP including additional shares representing
the value of reinvested dividends over the three-year period 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 2022. In total 59% of the
award vested for participants. The vested shares (balance post-tax), known
as "Award Shares" for Alistair Phillips-Davies 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) 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 22 July
2022 at a vesting price of GBP£17.54615
Executive Director/PDMR Gross Award of Shares No. Shares sold at £17.54615 to meet income tax and National Insurance
liabilities
Award Shares transferred to Nominee
Total Shares vested at 59%
Accrued Dividend Shares
Alistair Phillips-Davies (Executive Director) 135,407 19,644 91,476 43,145 48,331
Martin Pibworth 83,928 12,174 56,697 28,449
(Executive Director) 28,248
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 6 June 2025
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
6 June 2025
f)
Place of transaction
Outside a trading venue
(iii) Leadership Share Plan (LSP) - Vesting of Awards
Granted 22 July 2022
On 10 June 2025 the independent Trustee of the SSE Employee Trust notified the
Company that it had on 6 June 2025 transferred the beneficial interest of
Ordinary shares of 50 pence each fully paid in the Company, pursuant to awards
granted on 22 July 2022 under the LSP including additional shares representing
the value of reinvested dividends over the three-year period 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 2022. In total 79% of the award vested
for participants.
1 Details of the person(s) discharging managerial responsibilities/person
closely associated with
a) Name(s) Barry O'Regan (Director)
Chris Burchell (PDMR)
Finlay McCutcheon (PDMR)
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 22 July
2022 at a vesting price of GBP£17.54615
Executive Director/PDMR Gross Award of Shares
No. Shares sold at £17.54615 to meet income tax and National Insurance
liabilities
Total Shares vested at 79% Net Number of Shares transferred to Participant
Accrued Dividend Shares
Barry O'Regan (Director) 13,864 2,009 12,537 6,555 5,982
Chris Burchell (PDMR) 26,643 3,863 24,096 11,365 12,731
Finlay McCutcheon (PDMR) 16,135 2,339 14,591 7,322 7,269
Rob McDonald (PDMR) 24,181 3,508 21,871 10,974 10,897
Sam Peacock (PDMR) 11,724 1,699 10,600 5,000 5,600
John Stewart (PDMR) 15,535 2,252 14,049 7,050 6,999
Liz Tanner (PDMR) 16,505 2,392 14,926 7,040 7,886
Stephen Wheeler (PDMR) 24,262 3,518 21,942 11,472 10,470
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 6 June 2025
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
6 June 2025
f)
Place of transaction
Outside a trading venue
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