SSE PLC Director/PDMR Shareholding (6389N)
June 01 2022 - 11:52AM
UK Regulatory
TIDMSSE
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 1(st) 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).
Details of the person(s) discharging managerial responsibilities/person
1 closely associated with
a) Name(s) Rob McDonald (PDMR)
Sam Peacock (PDMR)
John Stewart (PDMR)
Elizabeth Tanner (PDMR)
Stephen Wheeler (PDMR)
-------------------------------------- ----------------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------------
a) Position/status As noted in 1a) above
-------------------------------------- ----------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------- ----------------------------------------------------
Details of the issuer, emission allowance market participant, auction
3 platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a) Name SSE plc
-------------------------------------- ----------------------------------------------------
b) LEI 549300KI75VYLLMSK856
-------------------------------------- ----------------------------------------------------
Details of the transaction(s): section to be repeated for (i) each
4 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 31 May 2022
at a vesting price of GBPGBP17.563847
-------------------------------------- ----------------------------------------------------
No. Shares
sold at
GBP17.563847 Net Number
Accrued to meet income of Shares
Dividend Total tax and transferred
Shares Shares National to Participant
Executive Gross Award Insurance
Director/PDMR of Shares liabilities
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 As noted in 4c) above
As noted in 4c) above
* Price
-------------------------------------- ----------------------------------------------------
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 1(st) 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.
Details of the person(s) discharging managerial responsibilities/person
1 closely associated with
a) Name(s) Gregor Alexander (Executive Director)
Alistair Phillips-Davies (Executive
Director)
Martin Pibworth (Executive Director)
------------------------------------ ------------------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------------
a) Position/status As noted in 1a) above
------------------------------------ ------------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------ ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a) Name SSE plc
------------------------------------ ------------------------------------------------------
b) LEI 549300KI75VYLLMSK856
------------------------------------ ------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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 31
May 2022 at a vesting price of GBPGBP17.563847
------------------------------------ ------------------------------------------------------
No. Shares
sold at
GBP17.563847
to meet
income Award
Total tax and Shares
Gross Accrued Shares National transferred
Executive Award Dividend vested Insurance to Nominee
Director/PDMR of Shares Shares at 66% liabilities
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 As noted in 4c) above
As noted in 4c) above
* Price
------------------------------------ ------------------------------------------------------
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 1(st) 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.
Details of the person(s) discharging managerial responsibilities/person
1 closely associated with
a) Name(s) Rob McDonald (PDMR)
Sam Peacock (PDMR)
John Stewart (PDMR)
Elizabeth Tanner (PDMR)
Stephen Wheeler (PDMR)
------------------------------------ ------------------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------------
a) Position/status As noted in 1a) above
------------------------------------ ------------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------ ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a) Name SSE plc
------------------------------------ ------------------------------------------------------
b) LEI 549300KI75VYLLMSK856
------------------------------------ ------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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 31
May 2022 at a vesting price of GBPGBP17.563847
------------------------------------ ------------------------------------------------------
No. Shares
sold at
Total GBP17.563847 Net Number
Accrued Shares to meet income of Shares
Dividend vested tax and transferred
Gross Shares at 100% National to Participant
Executive Award Insurance
Director/PDMR of Shares liabilities
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 As noted in 4c) above
As noted in 4c) above
* Price
------------------------------------ ------------------------------------------------------
e) Date of transaction 31 May 2022
------------------------------------ ------------------------------------------------------
f) Place of transaction Outside a trading venue
------------------------------------ ------------------------------------------------------
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END
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