REG - SSP Group PLC - Director/PDMR Shareholding

SSPAnnouncement

13/04/2023 16:00

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RNS Number : 1639W  SSP Group PLC  13 April 2023

FOR IMMEDIATE
RELEASE
                              LEI:
213800QGNIWTXFMENJ24

 

 

13 April 2023

SSP Group plc

(the "Company")

 

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

 

The Company makes the following announcement regarding the automatic vesting
on 11 April 2023 of a buy-out award made under the Company's Restricted Share
Plan (the "RSP") over ordinary shares of 1(17/200) pence nominal value in
the capital of the Company (the "Shares") to the Group CEO on 11 April 2022 as
part of his recruitment arrangements.  Details of the award are set out in
the Company's 2022 Annual Report and details of the vesting, including the
sale of Shares on behalf of the Group CEO to settle his withholding tax
liability in relation to the same, are as set out in the table below. The
award was settled using Shares held in the Company's employee benefit trust.

 Name of PDMR     Position                       Number of Shares acquired on vesting  Number of Shares sold to cover tax and costs  Net number of Shares held post sale to cover tax and costs
 Patrick Coveney  Group Chief Executive Officer  41,469                                19,545                                        21,924

 

 

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

Fiona Scattergood

Group General Counsel & Company
Secretary

Tel:  +44 (0) 207 543 3305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 1   Details of the person discharging managerial responsibility
 a)  Name                                                         Patrick Coveney
 2   Reason for the notification
 a)  Position/status                                              Group 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                                    1.   The acquisition of shares on the automatic vesting of an award under
                                                                  the Company's Restricted Share Plan (RSP); and

                                                                  2.   The automatic sale of shares acquired on the vesting of an award under
                                                                  the RSP to settle income tax/national insurance liabilities and costs arising
                                                                  on such vesting.
 d)  Currency                                                     GBP - British Pound
 e)  Price(s) and Volume(s)                                       1.     Vest:

Price(s) per share  Volume(s)
                                                                  £0                  41,469

2.     Sale to discharge tax liabilities:

Price(s) per share  Volume(s)
                                                                  £2.472              19,545

 
 f)  Aggregated Information                                       1.     Vest:

Price(s) per share  Volume(s)  Aggregate Price
     -       Price                                                £0                  41,469     £0

     -       Volume
2.     Sale to discharge tax liabilities:

Price(s) per share  Volume(s)  Aggregate Price
     -       Total Price                                          £2.472              19,545     £48,315.24
 g)  Date of transaction                                          1.     Vest - 11 April 2023

                                                                  2.     Sale - 12 April 2023
 h)  Place of transaction                                         London Stock Exchange, Main Market (XLON)

2.     Sale to discharge tax liabilities:

 Price(s) per share  Volume(s)
 £2.472              19,545

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

1.     Vest:

 Price(s) per share  Volume(s)  Aggregate Price
 £0                  41,469     £0

2.     Sale to discharge tax liabilities:

 Price(s) per share  Volume(s)  Aggregate Price
 £2.472              19,545     £48,315.24

g)

Date of transaction

1.     Vest - 11 April 2023

2.     Sale - 12 April 2023

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

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