Source - LSE Regulatory
RNS Number : 6389N
SSE PLC
01 June 2022
 

SSE plc

Director/PDMR Shareholding

SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

(i)           Deferred Bonus Scheme (DBS) - Vesting of Awards Granted 25 July 2019

On 1st June 2022, the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the DBS to the PDMRs listed in the table that follows.  Vesting of these shares was subject to continuous employment over the three-year period from date of grant (or as provided by the DBS Plan Rules).

 

1

 

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Rob McDonald (PDMR)

Sam Peacock (PDMR)

John Stewart (PDMR)

Elizabeth Tanner (PDMR)

Stephen Wheeler (PDMR)

 

2

 

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

 

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Deferred Bonus Scheme

c)

Price(s) and volume(s)

 

 

Vesting of awards granted under the SSE plc Deferred Bonus Scheme on 31 May 2022 at a vesting price of GBP£17.563847


Executive Director/PDMR

Gross Award of Shares

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares

 

No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities

 

 

 

Net Number of Shares transferred to Participant

Rob McDonald

(PDMR)

3,619

727

4,346

2,148

2,198

Sam Peacock

(PDMR)

926

184

1,110

538

572

John Stewart

(PDMR)

2,578

519

3,097

1,531

1,566

Elizabeth Tanner

(PDMR)

1,716

342

2,058

997

1,061

Stephen Wheeler

(PDMR)

3,329

668

3,997

2,086

1,911

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

31 May 2022

f)

Place of transaction

Outside a trading venue

 

 

(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 25 July 2019


On 1st June 2022 the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the PSP to the Executive Directors listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2019.  In total 66% of the award vested for participants.  The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the PSP Rules.

 

1

 

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Gregor Alexander (Executive Director)

Alistair Phillips-Davies (Executive Director)

Martin Pibworth (Executive Director)

 

2

 

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

 

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Performance Share Plan.

c)

Price(s) and volume(s)

 

 

Vesting of awards granted under the SSE plc Performance Share Plan on 31 May 2022 at a vesting price of GBP£17.563847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares vested at 66%

No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities

 

 

 

 

Award Shares transferred to Nominee

Gregor Alexander

(Executive Director)

103,991

21,002

82,493

40,771

41,722

Alistair Phillips-Davies (Executive Director)

153,763

31,056

121,977

59,061

62,916

Martin Pibworth

(Executive Director

77,828

15,718

61,738

30,513

31,225

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

31 May 2022

f)

Place of transaction

Outside a trading venue

 

 

(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 25 July 2019

On 1st June 2022 the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the LSP to the PDMRs listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2019.  In total 100% of the award vested for participants.

 

1

 

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Rob McDonald (PDMR)

Sam Peacock (PDMR)

John Stewart (PDMR)

Elizabeth Tanner (PDMR)

Stephen Wheeler (PDMR)

 

2

 

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

 

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Leadership Share Plan.

c)

Price(s) and volume(s)

 

 

Vesting of awards granted under the SSE plc Leadership Share Plan on 31 May 2022 at a vesting price of GBP£17.563847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares vested at 100%

 

 

 

No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities

 

 

 

 

 

Net Number of Shares transferred to Participant

Rob McDonald (PDMR)

15,284

3,085

18,369

9,079

9,290

Sam Peacock (PDMR)

3,707

746

4,453

2,157

2,296

John Stewart (PDMR)

11,269

2,273

13,542

6,693

6,849

Liz Tanner (PDMR)

11,463

2,311

13,774

6,670

7,104

Stephen Wheeler (PDMR)

15,183

3,064

18,247

9,522

8,725

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

31 May 2022

f)

Place of transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSSUFIFEESELM
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Sse PLC (SSE)

-8.00p (-0.48%)
delayed 18:28PM