SSE PLC Director/PDMR Shareholding (0615W)
28 July 2018 - 12:49AM
UK Regulatory
TIDMSSE
RNS Number : 0615W
SSE PLC
27 July 2018
SSE plc
Director/PDMR Shareholding
GENERAL TEXT AMENDMENT - CHANGE TO PDMR SHAREHOLDING
The 'Director/PDMR Shareholding' announcement released on 3 July
2018 stated the number of shares conditionally awarded to Colin
Nicol (PDMR) under the SSE plc Leadership Share Plan as 23,240.
This figure was calculated incorrectly and the correct figure is
26,094. All other details in the announcement remain unchanged and
the full text of the amended section is reproduced below.
_____
(iv) Leadership Share Plan (LSP) - Grant of Awards
On 28 June 2018, Colin Nicol (PDMR) as noted in the table that
follows, was granted an award over Ordinary shares of 50 pence each
fully paid in the Company under the LSP. The number of shares
stated is the number which will become available to Colin Nicol if
the performance targets applicable to the award are achieved,
although the number could be increased (or reduced) by the Company
performance adjuster described below. On vesting, Colin Nicol will
become entitled to additional shares representing the value of
reinvested dividends over the performance period.
The number of shares under the award has been calculated by
reference to a price of GBP13.46 per share, being the average of
the Company's share price over the three dealing days immediately
preceding the date of grant.
Vesting of the award will normally only take place if the
performance conditions are achieved over the three-year performance
period 1 April 2018 to 31 March 2021. In addition, an overall
Company performance adjuster, allowing vesting rates to be adjusted
up or down by up to 25% at the discretion of the Remuneration
Committee, may be applied if overall performance of the Company
over the performance period merits such an upward or downward
adjustment.
1 Details of the person(s) discharging managerial responsibilities/person
closely associated with
a) Name(s) Colin Nicol (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 Grant of Awards under the SSE plc Leadership
Share Plan
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Conditional awards of shares, the number
of shares calculated by reference to
a price of GBPGBP13.46, being the average
of the Company's share price over the
three dealing days immediately preceding
date of grant.
Total LSP
PDMR Awards Granted
Colin Nicol (PDMR) 26,094
----------------
-------------------------------- ---------------------------------------------
d) Aggregated information As noted in 4c) above
* Aggregated volume As noted in 4c) above
* Price
-------------------------------- ---------------------------------------------
e) Date of transaction 28 June 2018
-------------------------------- ---------------------------------------------
f) Place of transaction Outside a trading venue
-------------------------------- ---------------------------------------------
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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END
DSHSEDFLWFASELW
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