REG - SSP Group PLC - Director/PDMR Shareholding
RNS Number : 8672VSSP Group PLC05 December 2019FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
5 December 2019
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 2016 over ordinary shares of 117/200 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") together with any notifications of transfers of Shares to persons closely associated with any PDMRs.
Name of PDMR
Position
Number of Shares acquired on vesting/exercise of 2016 PSP Awards
Number of Shares sold on vesting/exercise of 2016 PSP Awards
Simon Smith
Chief Executive Officer
119,192
56,737
Michael Svagdis
CEO - North America
146,617
71,026
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
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
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;
3. Transfer of legal title to shares with no change in beneficial ownership; and
4. Transfer of beneficial ownership of shares to wife (Danielle Smith).
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Exercise:
Price(s) per share
Volume(s)
Aggregate Price
£0
119,192
£0
Sale to discharge tax liabilities:
Price(s) per share
Volume(s)
Aggregate Price
£6.573599
56,737
£372,966.29
Transfer to nominee CREST account:
Price(s) per share
Volume(s)
Aggregate Price
£0
63,032
£0
Transfer to wife:
Price(s) per share
Volume(s)
Aggregate Price
£0
228,995
£0
f)
Aggregated Information
- Price
- Volume
- Total Price
Exercise:
Price(s) per share
Volume(s)
Aggregate Price
£0
119,192
£0
Sale to discharge tax liabilities:
Price(s) per share
Volume(s)
Aggregate Price
£6.573599
56,737
£372,966.29
Transfer to nominee CREST account:
Price(s) per share
Volume(s)
Aggregate Price
£0
63,032
£0
Transfer to wife:
Price(s) per share
Volume(s)
Aggregate Price
£0
228,995
£0
g)
Date of transaction
Exercise and Sale - 02/12/2019
Transfers - 04/12/2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibility/person closely associated with PDMR
a)
Name
Danielle Smith
2
Reason for the notification
a)
Position/status
The notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant PDMR is Simon Smith (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
Transfer of the beneficial ownership of shares from husband (Simon Smith).
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Price(s)
Volume(s)
Aggregated Price
£0.00
228,995
£0.00
f)
Aggregated Information
- Price
- Volume
- Total
Price(s)
Volume(s)
Aggregated Price
£0.00
228,995
£0.00
g)
Date of transaction
04/12/2019
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
1. Vesting of Share award under the Company's Performance Share Plan (PSP); and
2. Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting.
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Vesting:
Price(s) per share
Volume(s)
Aggregate Price
£0
146,617
£0
Sale to discharge tax liabilities:
Price(s) per share
Volume(s)
Aggregate Price
£ 6.5077
71,026
£ 462,215.90
f)
Aggregated Information
- Price
- Volume
- Total Price
Vesting:
Price(s) per share
Volume(s)
Total Aggregate Price
£0
146,617
£0
Sale to discharge tax liabilities:
Price(s) per share
Volume(s)
Aggregate Price
£ 6.5077
71,026
£ 462,215.90
g)
Date of transaction
Vest and Sale - 02/12/2019
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
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