REG - SSP Group PLC - Director/PDMR Shareholding

SSPAnnouncement

12/04/2022 12:00

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RNS Number : 1081I  SSP Group PLC  12 April 2022

FOR IMMEDIATE RELEASE
                                                                                LEI:
213800QGNIWTXFMENJ24

 

 

12 April 2022

SSP Group plc

(the "Company")

 

Notification of transactions by a Person Discharging Managerial Responsibility
("PDMR")

 

The Company has been notified that on 11 April 2022, and in recognition of the
commencement of his employment as Group CEO, the Person Discharging Managerial
Responsibility (a "PDMR") shown in the table below, was granted:

 

(i)         an award under the Company's Restricted Share Plan (the
"RSP") for FY22 (the "FY22 RSP Award") to acquire 340,061 ordinary shares of
1(17/200) pence each in the capital of the Company (the "Shares"); and

(ii)         a series of buy-out awards under the RSP in respect of
awards forfeited on recruitment (the "Buy-out Awards") to acquire (in
aggregate) 601,810 Shares.

 

The FY22 RSP Award has been granted subject to the satisfaction of performance
underpins measured over a three-year period to 30 September 2024.
Following vesting, the Shares under the FY22 RSP Award will be subject to a
two-year holding period.

 

Details of vesting dates and performance conditions attached to the Buy-out
Awards will be provided in the Company's Annual Report and Accounts for the
year ended 30 September 2022.

 

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK version of the EU Market Abuse Regulation
which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

 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                                                         Patrick Coveney
 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 1(17/200) pence
 b)  Identification Code                                          GB00BNGWY422
 c)  Nature of the transaction                                    Grant of Awards to acquire Shares under the Company's Restricted Share Plan
 d)  Currency                                                     GBP - British Pound
 e)  Price(s) and Volume(s)

Price(s) per share  Volume(s)  Aggregate Price
                                                                  £0                  941,871    £0

 
 f)  Aggregated Information                                       RSP:

Price(s) per share  Volume(s)  Total Aggregate Price
     -       Price                                                £0                  941,871    £0

     -       Volume
 

     -       Total Price
 g)  Date of transaction                                          11 April 2022
 h)  Place of transaction                                         Outside of trading venue

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

RSP:

 Price(s) per share  Volume(s)  Total Aggregate Price
 £0                  941,871    £0

 

g)

Date of transaction

11 April 2022

h)

Place of transaction

Outside of trading venue

 

 

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