SSE PLC Director/PDMR Shareholding (4938I)

TIDMSSE

RNS Number : 4938I

SSE PLC

21 March 2018

SSE PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs)

   (i)           All-Employee Share Incentive Plan - Dividend Reinvestment 

The Company was notified on 20 March 2018 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan (the "Plan"), that the cash dividends paid on 16 March 2018 were reinvested and used to purchase Dividend Shares on 16 March 2018 on behalf of, and awarded to the following Directors/PDMRs. The purchase was made in accordance with a regular standing order instruction with Computershare Investor Services plc for the reinvestment of cash dividends into Dividend Shares.

The table below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details on the number of shares acquired under the Plan on 16 March 2018.

 
  1    Details of the person(s) discharging managerial 
        responsibilities/person closely associated with 
---  ----------------------------------------------------------------------- 
 a)   Name(s)                          Gregor Alexander (Director) 
                                        Alistair Phillips-Davies (Director) 
                                        Martin Pibworth (Director) 
                                        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               Ordinary shares of 50pence 
       financial instrument,            each fully paid 
       type of instrument               ISIN: GB0007908733 
       Identification code 
---  -------------------------------  -------------------------------------- 
 b)   Nature of transaction            Dividend shares purchased by 
                                        the SIP Provider, Computershare 
                                        Investor Services plc on behalf 
                                        of, and awarded to participants 
                                        under the HMRC approved all-employee 
                                        Share Incentive Plan. 
---  -------------------------------  -------------------------------------- 
 
 
 c)   Price(s) and volume(s)          Price: Dividend Shares purchased 
                                       at a price of GBPGBP12.407800 
                                       Volumes:                             Total Shares 
                                        Director/PDMR                   acquired 
                                       --------------------------  ------------- 
                                        Gregor Alexander 
                                         (Director)                          116 
                                       --------------------------  ------------- 
                                        Alistair Phillips-Davies 
                                         (Director)                          114 
                                       --------------------------  ------------- 
                                        Martin Pibworth 
                                         (Director)                           23 
                                       --------------------------  ------------- 
                                        Colin Nicol 
                                         (PDMR)                               41 
                                       --------------------------  ------------- 
---  ------------------------------  --------------------------------------------------- 
 d)        Aggregated information      As noted in 4c) above 
             *    Aggregated volume     As noted in 4c) above 
 
 
             *    Price 
---  ------------------------------  --------------------------------------------------- 
 e)   Date of transaction             16 March 2018 
---  ------------------------------  --------------------------------------------------- 
 f)   Place of transaction            London Stock Exchange Main 
                                       Market XLON 
---  ------------------------------  --------------------------------------------------- 
 
   (ii)          All-Employee Share Plan Account - Dividend Reinvestment 

The Company was notified on 20 March 2018 by Computershare Investor Services plc, the provider of the all employee Share Plan Account (the "Nominee"), that the cash dividends paid on 16 March 2018 were reinvested and used to purchase Ordinary Shares on 16 March 2018 on behalf of Martin Pibworth. The purchase was made in accordance with a regular standing order instruction with Computershare Investor Services plc for the reinvestment of cash dividends into Ordinary Shares.

The table below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details on the number of shares acquired on 16 March 2018.

 
  1    Details of the person(s) discharging managerial 
        responsibilities/person closely associated with 
---  --------------------------------------------------------------------------- 
 a)   Name(s)                          Martin Pibworth (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               Ordinary shares of 50pence 
       financial instrument,            each fully paid 
       type of instrument               ISIN: GB0007908733 
       Identification code 
---  -------------------------------  ------------------------------------------ 
 b)   Nature of transaction            Ordinary shares purchased by 
                                        the Nominee, Computershare 
                                        Investor Services plc on behalf 
                                        of the following beneficial 
                                        shareholder. 
---  -------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)           Price: Ordinary Shares purchased 
                                        at a price of GBPGBP12.407800 
                                        Volumes:                    Total Shares 
                                         Director/PDMR          acquired 
                                        -----------------  ------------- 
                                         Martin Pibworth 
                                          (Director)                  31 
                                        -----------------  ------------- 
---  -------------------------------  ------------------------------------------ 
 d)        Aggregated information       As noted in 4c) above 
             *    Aggregated volume      As noted in 4c) above 
 
 
             *    Price 
---  -------------------------------  ------------------------------------------ 
 e)   Date of transaction              16 March 2018 
---  -------------------------------  ------------------------------------------ 
 f)   Place of transaction             London Stock Exchange Main 
                                        Market XLON 
---  -------------------------------  ------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 21, 2018 11:20 ET (15:20 GMT)