23:44 Thu 30 Jul 2020
SSE Plc - Director/PDMR Shareholding
Director/PDMR Shareholding
(i) Deferred Bonus Scheme (DBS) - Grant of Awards
On
Awards granted under the DBS represent a deferral of a proportion of the cash bonus earned for the 2019/20 annual incentive year which is converted into shares. The shares will vest after a period of three years from the date of grant subject normally to the participant remaining in employment with the Company. On vesting, the participant will become entitled to additional shares representing the value of reinvested dividends over the three-year period.
Awards granted to Executive Directors will be subject to an additional post-vesting holding period during which time the Executive Director must retain the post-tax number of shares vesting under award.
1 |
Details of the person(s) discharging managerial responsibilities/person closely associated with |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
As noted in 1a) above |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
549300KI75VYLLMSK856 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of ISIN: GB0007908733 |
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b) |
Nature of transaction |
Grant of Awards under the SSE plc Deferred Bonus Scheme |
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c) |
Price(s) and volume(s)
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Conditional awards of shares, the number of shares calculated by reference to a price of GBP£13.94, being the average of the Company's share price over the three dealing days immediately preceding date of grant.
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d) |
Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above |
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e) |
Date of transaction |
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f) |
Place of transaction |
Outside a trading venue |
(ii) Performance Share Plan (PSP) - Grant of Awards
On
Vesting of these awards will normally only take place if performance conditions are satisfied over the three-year performance period
Awards granted to Executive Directors will be subject to an additional post-vesting holding period during which time the Executive Director must retain the post-tax number of shares vesting under award.
1 |
Details of the person(s) discharging managerial responsibilities/person closely associated with |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
As noted in 1a) above |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
549300KI75VYLLMSK856 |
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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 ISIN: GB0007908733 |
||||||||
b) |
Nature of transaction |
Grant of Awards under the SSE plc Performance Share Plan |
||||||||
c) |
Price(s) and volume(s)
|
Conditional awards of shares, the number of shares calculated by reference to a price of GBP£13.94, being the average of the Company's share price over the three dealing days immediately preceding date of grant.
|
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d) |
Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above |
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e) |
Date of transaction |
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f) |
Place of transaction |
Outside a trading venue |
(iii) Leadership Share Plan (LSP) - Grant of Awards
On
The number of shares under the award has been calculated by reference to a price of
Vesting of the award will normally only take place if the performance conditions are achieved over the three-year performance period
1 |
Details of the person(s) discharging managerial responsibilities/person closely associated with |
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a) |
|
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2 |
Reason for the notification |
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a) |
Position/status |
As noted in 1a) above |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
|
|
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b) |
LEI |
549300KI75VYLLMSK856 |
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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 ISIN: GB0007908733 |
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b) |
Nature of transaction |
Grant of Awards under the SSE plc Leadership Share Plan |
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c) |
Price(s) and volume(s)
|
Conditional awards of shares, the number of shares calculated by reference to a price of GBP£13.94, being the average of the Company's share price over the three dealing days immediately preceding date of grant.
|
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d) |
Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above |
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e) |
Date of transaction |
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f) |
Place of transaction |
Outside a trading venue |
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