REG - SSP Group PLC - Director/PDMR Shareholding

SSPAnnouncement

16/05/2019 17:00

RNS Number : 2790Z
SSP Group PLC
16 May 2019
 


FOR IMMEDIATE RELEASE                                                                                              LEI: 213800QGNIWTXFMENJ24
 
16 May 2019
SSP Group plc
(the "Company")
 
Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR") 
 
The Company has been notified that the person set out in the table below, being a Person Discharging Managerial Responsibility (a "PDMR"), was granted awards taking the form of nil cost options ("Awards") to acquire ordinary shares of 117/200 pence each ("Shares") on the dates and at the prices set out below.
 
The number of Shares subject to the Awards has been determined by reference to the closing price of the Company's Shares on the day before the Awards were granted, being 696.50 pence per Share.
 
The vesting of the Awards is subject to a three year vesting period and the satisfaction of performance conditions measured over a three-year period from 1 October 2018 to 30 September 2021.  75% of the total Awards is based on earnings per share growth and 25% of the total Awards is based on relative Total Shareholder Return.
 
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.
 
 
 
 




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 117/200  pence




b)


Identification Code


GB00BGBN7C04




c)


Nature of the transaction


Grant of Award over Shares under the Company's Performance Share Plan




d)


Currency


GBP - British Pound




e)


Price(s) and Volume(s)


 




Price(s) per share


Volume(s)


Aggregate Price




£0


21,081
 


£0




 




f)


Aggregated Information
-       Price
-       Volume
-       Total Price


 




Price(s) per share


Volume(s)


Total Aggregate Price




£0


21,081
 


£0




 




g)


Date of transaction


16 May 2019




h)


Place of transaction


London Stock Exchange, Main Market (XLON)




 
 
 For further information, please contact:
 SSP Group plc
Helen Byrne, Company Secretary                   
Tel:  +44 (0) 207 543 3404




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