TIDMSSE
RNS Number : 7113D
SSE PLC
30 June 2021
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 28 June 2018
On 29 June 2021, the independent Trustee of the SSE Employee
Trust notified the Company that it had on 28 June 2021 transferred
the following beneficial interest of Ordinary shares of 50 pence
each fully paid in the Company, subject to awards granted on 28
June 2018 under the DBS to the Executive Directors and 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). In addition, the vested
shares (balance post-tax), known as "Career 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 DBS 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)
Rob McDonald (PDMR)
Jim Smith (PDMR)
Elizabeth Tanner (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 Ordinary shares of 50 pence each fully
instrument, type of instrument paid
Identification code 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 28 June 2021
at a vesting price of GBPGBP15.222599
--------------------------------------- ---------------------------------------------------------
No. Shares Net Number Career
sold at of Shares Shares
GBP15.222599 transferred transferred
to meet to to Nominee
income tax Participant
Gross and National
Award Accrued Insurance
Executive of Dividend Total liabilities
Director/PDMR Shares Shares Shares
Gregor Alexander
(Executive Director) 16,640 4,001 20,641 9,943 - 10,698
------- --------- ------- ------------- ------------ ------------
Alistair
Phillips-Davies
(Executive Director) 24,841 5,974 30,815 14,844 - 15,971
------- --------- ------- ------------- ------------ ------------
Martin Pibworth
(Executive Director) 10,398 2,496 12,894 6,212 - 6,682
------- --------- ------- ------------- ------------ ------------
Rob McDonald
(PDMR) 5,179 1,244 6,423 3,094 3,329 -
------- --------- ------- ------------- ------------ ------------
Jim Smith
(PDMR) 5,794 1,391 7,185 3,461 3,724 -
------- --------- ------- ------------- ------------ ------------
Elizabeth Tanner
(PDMR) 2,504 599 3,103 1,464 1,639 -
------- --------- ------- ------------- ------------ ------------
--------------------------------------------------------------------------------------------------
d) Aggregated information As noted in 4c) above
* Aggregated volume As noted in 4c) above
* Price
--------------------------------------- ---------------------------------------------------------
e) Date of transaction 28 June 2021
--------------------------------------- ---------------------------------------------------------
f) Place of transaction Outside a trading venue
--------------------------------------- ---------------------------------------------------------
(ii) Performance Share Plan (PSP) - Vesting of Awards Granted 28 June 2018
On 29 June 2021 the independent Trustee of the SSE Employee
Trust notified the Company that it had on 28 June 2021 transferred
the beneficial interest of Ordinary shares of 50 pence each fully
paid in the Company, subject to awards granted on 28 June 2018
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 2018. In total 28% 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 Ordinary shares of 50 pence each fully
instrument, type of instrument paid
Identification code 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 28
June 2021 at a vesting price of GBPGBP15.222599
------------------------------------ ------------------------------------------------------
No. Shares Award Shares
sold at transferred
GBP15.222599 to Nominee
to meet
income
Total tax and
Gross Accrued Shares National
Executive Award Dividend vested Insurance
Director/PDMR of Shares Shares at 28% liabilities
Gregor Alexander
(Executive Director) 89,466 21,523 31,076 14,969 16,107
----------- ---------- -------- -------------- -------------
Alistair
Phillips-Davies
(Executive Director) 132,287 31,826 45,951 22,135 23,816
----------- ---------- -------- -------------- -------------
Martin Pibworth
(Executive Director 66,957 16,108 23,258 11,204 12,054
----------- ---------- -------- -------------- -------------
--------------------------------------------------------------------------------------------
d) Aggregated information As noted in 4c) above
* Aggregated volume As noted in 4c) above
* Price
------------------------------------ ------------------------------------------------------
e) Date of transaction 28 June 2021
------------------------------------ ------------------------------------------------------
f) Place of transaction Outside a trading venue
------------------------------------ ------------------------------------------------------
(iii) Leadership Share Plan (LSP) - Vesting of Awards Granted 28 June 2018
On 29 June 2021 the independent Trustee of the SSE Employee
Trust notified the Company that it had on 28 June 2021 transferred
the beneficial interest of Ordinary shares of 50 pence each fully
paid in the Company, subject to awards granted on 28 June 2018
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 2018. 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)
Jim Smith (PDMR)
Elizabeth Tanner (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 Ordinary shares of 50 pence each fully
instrument, type of instrument paid
Identification code 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 28
June 2021 at a vesting price of GBPGBP15.222599
------------------------------------ ------------------------------------------------------
Net Number
of Shares
transferred
No. Shares to Participant
sold at
Total GBP15.222599
Accrued Shares to meet income
Dividend vested tax and
Gross Shares at 100% National
Executive Award Insurance
Director/PDMR of Shares liabilities
Rob McDonald
(PDMR) 21,338 5,132 26,470 12,751 13,719
----------- ---------- --------- ---------------- ----------------
Jim Smith
(PDMR) 23,875 5,742 29,617 14,267 15,350
----------- ---------- --------- ---------------- ----------------
Elizabeth
Tanner
(PDMR) 10,402 2,500 12,902 6,086 6,816
----------- ---------- --------- ---------------- ----------------
--------------------------------------------------------------------------------------------
d) Aggregated information As noted in 4c) above
* Aggregated volume As noted in 4c) above
* Price
------------------------------------ ------------------------------------------------------
e) Date of transaction 28 June 2021
------------------------------------ ------------------------------------------------------
f) Place of transaction Outside a trading venue
------------------------------------ ------------------------------------------------------
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END
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