REG - SSP Group PLC - Director/PDMR Shareholding

SSPAnnouncement

15/04/2025 18:00

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RNS Number : 1576F  SSP Group PLC  15 April 2025

FOR IMMEDIATE RELEASE
 
     LEI: 213800QGNIWTXFMENJ24

 

15 April 2025

SSP Group plc

(the "Company")

 

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

 

 

The Company announces that the person set out in the table below, being a
Person Discharging Managerial Responsibility (a "PDMR"), has transacted
in ordinary shares of 1(17/200) pence nominal value in the capital of the
Company (the "Shares").

 

On 11 April 2025 the Group CEO transacted in Shares following the automatic
vesting of an award granted under the Company's Long Term Incentive Plan (the
"LTIP") for FY22 (the "FY22 Award") and an award granted under the LTIP in
respect of a bonus which he forfeited on recruitment (the "Buy-out Award").
 

 

Following the sale of Shares to settle the withholding tax liability, the
outstanding 185,704 Shares acquired on the vesting of the FY22 Award remain
subject to a two-year holding period.

 

The relevant notifications set out below are provided in accordance with the
requirements of the UK Market Abuse Regulation.

 

 For further information, please contact:

 SSP Group plc

Fiona Scattergood, Group General Counsel & Company
Secretary

 

 

 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                                          GB00BGBN7C04
 c)  Nature of the transaction                                    1.   The automatic vesting of shares under the Company's Long Term Incentive
                                                                  Plan (LTIP); and

                                                                  2.   Sale of Shares acquired on the vesting of awards under the LTIP to
                                                                  discharge tax liabilities arising on such vesting.
 d)  Currency                                                     GBP - British Pound
 e)  Price(s) and Volume(s)                                       1.     Vest:

Price(s) per share  Volume(s)
                                                                  £0                  461,693

2.     Sale to discharge tax liabilities:

Price(s) per share  Volume(s)
                                                                  £1.39               217,595

 
 f)  Aggregated Information                                       1.     Vest:

Price(s) per share  Volume(s)  Aggregate Price
     -       Price                                                £0                  461,693    £0

     -       Volume
2.     Sale to discharge tax liabilities:

Price(s) per share  Volume(s)  Aggregate Price
     -       Total Price                                          £1.39               217,595    £302,499.70
 g)  Date of transaction                                          Vest and sale - 11 April 2025
 h)  Place of transaction                                         London Stock Exchange, Main Market (XLON)

2.     Sale to discharge tax liabilities:

 Price(s) per share  Volume(s)
 £1.39               217,595

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

1.     Vest:

 Price(s) per share  Volume(s)  Aggregate Price
 £0                  461,693    £0

2.     Sale to discharge tax liabilities:

 Price(s) per share  Volume(s)  Aggregate Price
 £1.39               217,595    £302,499.70

g)

Date of transaction

Vest and sale - 11 April 2025

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

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