SSE PLC Director/PDMR Shareholding (1766U)

TIDMSSE

RNS Number : 1766U

SSE PLC

13 January 2017

SSE plc

Director/PDMR Shareholding

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

Retention Share Award

The Company announces that on 12 January 2017, Martin Pibworth, PDMR, was granted a Retention Share award over Ordinary shares of 50 pence each fully paid in the Company.

The shares will vest after a period of three and a half years from the date of grant subject 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 retention award period.

 
  1    Details of the person(s) discharging managerial 
        responsibilities/person closely associated with 
---  ------------------------------------------------------------- 
 a)   Name(s)                          Martin Pibworth (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               Ordinary shares of 50 pence 
       financial instrument,            each fully paid 
       type of instrument               ISIN: GB0007908733 
       Identification code 
---  -------------------------------  ---------------------------- 
 b)   Nature of transaction            Grant of a Retention Share 
                                        Award. 
---  -------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)           Conditional award of 25,000 
                                        shares. 
---  -------------------------------  ---------------------------- 
 d)        Aggregated information       As noted in 4c) above 
             *    Aggregated volume      N/A 
 
 
             *    Price 
---  -------------------------------  ---------------------------- 
 e)   Date of transaction              12 January 2017 
---  -------------------------------  ---------------------------- 
 f)   Place of transaction             Outside a trading venue 
---  -------------------------------  ---------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 13, 2017 12:00 ET (17:00 GMT)