REG - SSE Plc - Director/PDMR Shareholding
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RNS Number : 9247R SSE PLC 21 July 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) - Grant of Awards
On 21 July 2025 the independent Trustee of the SSE Employee Trust notified the
Company that it had on 18 July 2025 granted the Directors/PDMRs listed in the
table that follows awards over Ordinary shares of 50 pence each fully paid in
the Company under the DBS. The number of shares under each award has been
calculated by reference to a price of £18.41 per share, being the average of
the Company's share price over the three dealing days immediately preceding
the date of grant.
Awards granted under the DBS represent a deferral of a proportion of the cash
bonus earned for the 2024/25 annual incentive year which is converted into
shares. The shares will vest after a period of three years from the date of
grant subject normally to the participant remaining in employment with the
Company. On vesting, the participant will become entitled to additional
shares representing the value of reinvested dividends over the three-year
period.
1 Details of the person(s) discharging managerial responsibilities/person
closely associated with
a) Name(s) Martin Pibworth (Director)
Barry O'Regan (Director)
Christopher Burchell (PDMR)
Finlay McCutcheon (PDMR)
Robert 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 Grant of Awards under the SSE plc Deferred Bonus Scheme
c) Price(s) and volume(s) Conditional awards of shares, the number of shares calculated by reference to
a price of GBP£18.41, being the average of the Company's share price over the
three dealing days immediately preceding the date of grant.
Director/PDMR Total DBS Awards Granted
14,158
Martin Pibworth (Director)
12,268
Barry O'Regan (Director)
5,169
Christopher Burchell (PDMR)
4,118
Finlay McCutcheon (PDMR)
5,846
Robert McDonald (PDMR)
2,614
Sam Peacock (PDMR)
3,143
John Stewart (PDMR)
3,493
Elizabeth Tanner (PDMR)
4,998
Stephen Wheeler (PDMR)
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 18 July 2025, date of grant
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
18 July 2025, date of grant
f)
Place of transaction
Outside a trading venue
(ii) Performance Share Plan (PSP) - Grant of Awards
On 21 July 2025 the independent Trustee of the SSE Employee Trust notified the
Company that it had on 18 July 2025 granted the Executive Directors listed in
the table that follows awards over Ordinary shares of 50 pence each fully paid
in the Company under the PSP. The number of shares stated will become
available to each Executive Director if the performance targets applicable to
the award are achieved at their upper limit or above. On vesting, the
Executive Director will become entitled to additional shares representing the
value of reinvested dividends over the performance period. The number of
shares under each award has been calculated by reference to a price of £18.41
per share, being the average of the Company's share price over the three
dealing days immediately preceding the date of grant.
Vesting of these awards will normally only take place if performance
conditions are satisfied over the three-year performance period 1 April 2025
to 31 March 2028. These performance conditions are those indicated in the
Remuneration Committee Report which forms part of SSE's 2025 Annual Report and
Accounts.
Awards granted to Executive Directors will be subject to an additional
post-vesting holding period during which time the Executive Director must
retain the post-tax number of shares vesting under award.
1 Details of the person(s) discharging managerial responsibilities/person
closely associated with
a) Name(s) Martin Pibworth (Executive Director)
Barry O'Regan (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 Grant of Awards under the SSE plc Performance Share Plan
c) Price(s) and volume(s) Conditional awards of shares, the number of shares calculated by reference to
a price of GBP£18.41, being the average of the Company's share price over the
three dealing days immediately preceding the date of grant.
Executive Director Total PSP Awards Granted
Martin Pibworth 144,894
Barry O'Regan 95,057
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 18 July 2025, date of grant
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
18 July 2025, date of grant
f)
Place of transaction
Outside a trading venue
(iii) Leadership Share Plan (LSP) - Grant of Awards
On 21 July 2025 the independent Trustee of the SSE Employee Trust notified the
Company that it had on 18 July 2025 granted the PDMRs listed in the table that
follows awards over Ordinary shares of 50 pence each fully paid in the Company
under the LSP. The number of shares stated is the number which will become
available if the performance targets applicable to the awards are achieved,
although the number could be increased or reduced by the Company performance
adjuster described below. On vesting, the PDMRs will become entitled to
additional shares representing the value of reinvested dividends over the
performance period.
The number of shares under the award has been calculated by reference to a
price of £18.41 per share, being the average of the Company's share price
over the three dealing days immediately preceding the date of grant.
Vesting of the award will normally only take place if the performance
conditions are achieved over the three-year performance period 1 April 2025 to
31 March 2028. In addition, an overall Company performance adjuster,
allowing vesting rates to be adjusted up or down by up to 25% at the
discretion of the Remuneration Committee, may be applied if overall
performance of the Company over the performance period merits such an upward
or downward adjustment.
1 Details of the person(s) discharging managerial responsibilities/person
closely associated with
a) Name(s) Christopher Burchell (PDMR)
Finlay McCutcheon (PDMR)
Robert 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 Grant of Awards under the SSE plc Leadership Share Plan
c) Price(s) and volume(s) Conditional awards of shares, the number of shares calculated by reference to
a price of GBP£18.41, being the average of the Company's share price over the
three dealing days immediately preceding date of grant.
PDMR Total LSP Awards Granted
29,893
Christopher Burchell (PDMR)
26,050
Finlay McCutcheon (PDMR)
30,106
Robert McDonald (PDMR)
15,385
Sam Peacock (PDMR)
18,504
John Stewart (PDMR)
20,560
Elizabeth Tanner (PDMR)
30,620
Stephen Wheeler (PDMR)
d) Aggregated information
- Aggregated volume As noted in 4c) above
- Price As noted in 4c) above
e) Date of transaction 18 July 2025, date of grant
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
18 July 2025, date of grant
f)
Place of transaction
Outside a trading venue
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