REG - SSP Group PLC - Director/PDMR Shareholding
RNS Number : 3770USSP Group PLC22 November 2019FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
22 November 2019
SSP Group plc
(the "Company")
Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR")
The Company has been notified that the persons set out in the tables below, each being a Person Discharging Managerial Responsibility (a "PDMR"), were granted awards taking the form of nil cost options or conditional share awards ("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 £6.3250 per Share.
The vesting of the Awards is subject to the satisfaction of performance conditions measured over a three-year period from 1 October 2019 to 30 September 2022. 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. Following exercise, the shares under the Awards issued to the Chief Executive Officer and Chief Financial Officer will be subject to a two year holding period (calculated from the date of vest) during which the PDMR will not be able to sell or otherwise transfer his shares, other than in very limited circumstances.
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
Simon Smith
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 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
205,533
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
205,533
£0
g)
Date of transaction
21 November 2019
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 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
110,893
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
110,893
£0
g)
Date of transaction
21 November 2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibility
a)
Name
Richard Lewis
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 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
100,790
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
100,790
£0
g)
Date of transaction
21 November 2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibility
a)
Name
Mark Angela
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 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
70,257
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
70,257
£0
g)
Date of transaction
21 November 2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibility
a)
Name
Jeremy Fennell
2
Reason for the notification
a)
Position/status
CEO - Nordics
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
55,335
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
55,335
£0
g)
Date of transaction
21 November 2019
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 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
84,494
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
84,494
£0
g)
Date of transaction
21 November 2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibility
a)
Name
Oliver Dörschuck
2
Reason for the notification
a)
Position/status
CEO - Continental Europe
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
65,028
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Price(s) per share
Volume(s)
Total Aggregate Price
£0
65,028
£0
g)
Date of transaction
21 November 2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
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