REG - SSP Group PLC - Director/PDMR Shareholding

SSPAnnouncement

29/11/2018 17:00

RNS Number : 9686I
SSP Group PLC
29 November 2018
 


FOR IMMEDIATE RELEASE                                                                                 LEI: 213800QGNIWTXFMENJ24
 
29 November 2018
SSP Group plc
(the "Company")
 
Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs") in connection with the Vesting and Exercise of Awards under the Performance Share Plan ("PSP")
 
The Company today makes the following announcement regarding the vesting and exercise of the PSP awards granted in 2015 over ordinary shares of 11/30 pence nominal value (1 pence at the time of grant) in the capital of the Company (the "Shares") held by certain of its PDMRs under the PSP (the "PSP Awards").  Details of the PSP Awards are included in SSP's 2018 Annual Report:
 




Name of PDMR


Position


Number of Shares acquired on vesting/exercise of PSP Awards


Number of Shares sold on vesting/exercise of PSP Awards


Total number of Shares held following sale*




Kate Swann


Chief Executive Officer


516,127


245,682


4,726,321




Jonathan Davies


Chief Financial Officer


172,040


81,893


1,483,027




Simon Smith


CEO - UK & Ireland


139,782


66,538


767,014




Michael Svagdis


CEO - North America


142,182


135,978


123,410




Nick Inkster


CEO - Nordics & Spain


133,331


63,467


425,722




Christopher Rayner


CEO - Asia Pacific


93,624


-


890,190




 
*Not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK and International Share Incentive Plans but not any Matching Awards relating to unissued Shares in the case of the Company's International Share Incentive Plan.
 
The notification of dealing forms for each PDMR can be found below.
 
This announcement, including the notifications below, is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
 
 For further information, please contact:
 SSP Group plc
Helen Byrne, Company Secretary                   
Tel:  +44 (0) 207 543 3404
 
 
 
 
 




1


Details of the person discharging managerial responsibility




a)


Name


Kate Swann




2


Reason for the notification




a)


Position/status


Chief Executive Officer




b)


Initial notification/amendment


Initial notification




3


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




a)


Full name of the entity


SSP Group plc




b)


Legal Entity Identifier Code


213800QGNIWTXFMENJ24




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


Ordinary Shares of 11/30 pence




b)


Identification Code


GB00BFWK4V16




c)


Nature of the transaction


1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP);
2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise; and
3.      Transfer of legal title to shares received on the exercise of an Award under the PSP (post sell to cover transaction) to a nominee CREST account.




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


Exercise:




Price(s) per share


Volume(s)


Aggregate Price




£0


516,127


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.464674


245,682


£1,588,254.04




Transfer to nominee CREST account:




Price(s) per share


Volume(s)


Aggregate Price




£0


270,445


£0




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


Exercise:




Price(s) per share


Volume(s)


Total Aggregate Price




£0


516,127


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.464674


245,682


£1,588,254.04




Transfer to nominee CREST account:




Price(s) per share


Volume(s)


Aggregate Price




£0


270,445


£0




 




g)


Date of transaction


Exercise and Sale - 27 November 2018
Transfer - 29 November 2018




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 
 
 




1


Details of the person discharging managerial responsibility




a)


Name


Jonathan Davies




2


Reason for the notification




a)


Position/status


Chief Financial Officer




b)


Initial notification/amendment


Initial notification




3


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




a)


Full name of the entity


SSP Group plc




b)


Legal Entity Identifier Code


213800QGNIWTXFMENJ24




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


Ordinary Shares of 11/30 pence




b)


Identification Code


GB00BFWK4V16




c)


Nature of the transaction


1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and
2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


Exercise:




Price(s) per share


Volume(s)


Aggregate Price




£0


172,040


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.485


81,893


£531,076.11




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


Exercise:




Price(s) per share


Volume(s)


Total Aggregate Price




£0


172,040


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.485


81,893


£531,076.11




 




g)


Date of transaction


27 November 2018




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 
 
 
 




1


Details of the person discharging managerial responsibility




a)


Name


Simon Smith




2


Reason for the notification




a)


Position/status


CEO - UK & Ireland




b)


Initial notification/amendment


Initial notification




3


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




a)


Full name of the entity


SSP Group plc




b)


Legal Entity Identifier Code


213800QGNIWTXFMENJ24




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


Ordinary Shares of 11/30 pence




b)


Identification Code


GB00BFWK4V16




c)


Nature of the transaction


1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and
2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


Exercise:




Price(s) per share


Volume(s)


Aggregate Price




£0


139,782


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.216


66,538


£413,600.21




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


Exercise:




Price(s) per share


Volume(s)


Total Aggregate Price




£0


139,782


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.216


66,538


£413,600.21




 




g)


Date of transaction


28 November 2018




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 
 
 
 




1


Details of the person discharging managerial responsibility




a)


Name


Michael Svagdis




2


Reason for the notification




a)


Position/status


CEO - North America




b)


Initial notification/amendment


Initial notification




3


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




a)


Full name of the entity


SSP Group plc




b)


Legal Entity Identifier Code


213800QGNIWTXFMENJ24




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


Ordinary Shares of 11/30 pence




b)


Identification Code


GB00BFWK4V16




c)


Nature of the transaction


1.      Vesting of an Award to acquire Shares under the Company's Performance Share Plan (PSP);
2.      Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting; and
3.      Sale of Shares acquired on the vesting of an Award under the PSP




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


Vesting:




Price(s) per share


Volume(s)


Aggregate Price




£0


142,182


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.484599


68,978


£447,294.67




Sale:




Price(s) per share


Volume(s)


Aggregate Price




£6.207162


67,000


£415,879.86




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


Vesting:




Price(s) per share


Volume(s)


Total Aggregate Price




£0


142,182


£0




Sale to discharge tax liabilities:




Price(s) per share


Volume(s)


Aggregate Price




£6.484599


68,978


£447,294.67




Sale:




Price(s) per share


Volume(s)


Aggregate Price




£6.207162


67,000


£415,879.86




 




g)


Date of transaction


Vesting - 27 November 2018
Sale to discharge tax liabilities - 27 November 2018
Sale - 28 November 2018




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 
 




1


Details of the person discharging managerial responsibility




a)


Name


Nick Inkster




2


Reason for the notification




a)


Position/status


CEO - Nordics & Spain
 




b)


Initial notification/amendment


Initial notification




3


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




a)


Full name of the entity


SSP Group plc




b)


Legal Entity Identifier Code


213800QGNIWTXFMENJ24




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


Ordinary Shares of 11/30 pence




b)


Identification Code


GB00BFWK4V16




c)


Nature of the transaction


1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and
2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


Exercise:




Price(s) per share


Volume(s)


Aggregate Price




£0


133,331


£0




Sale:




Price(s) per share


Volume(s)


Aggregate Price




£ 6.2419


63,467


£396,154.67




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


Exercise:




Price(s) per share


Volume(s)


Total Aggregate Price




£0


133,331


£0




Sale:




Price(s) per share


Volume(s)


Aggregate Price




£6.2419


63,467


£396,154.67




 




g)


Date of transaction


28 November 2018




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 
 
 




1


Details of the person discharging managerial responsibility




a)


Name


Christopher Rayner




2


Reason for the notification




a)


Position/status


CEO - Asia Pacific




b)


Initial notification/amendment


Initial notification




3


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




a)


Full name of the entity


SSP Group plc




b)


Legal Entity Identifier Code


213800QGNIWTXFMENJ24




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


Ordinary Shares of 11/30 pence




b)


Identification Code


GB00BFWK4V16




c)


Nature of the transaction


Exercise of an Award to acquire Shares under the Company's Performance Share Plan.




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


Exercise:




Price(s) per share


Volume(s)


Aggregate Price




£0


93,624


£0




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


Exercise:




Price(s) per share


Volume(s)


Total Aggregate Price




£0


93,624


£0




 




g)


Date of transaction


27 November 2018




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHEAKFNALFPFFF