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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sse Plc | LSE:SSE | London | Ordinary Share | GB0007908733 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
16.00 | 0.97% | 1,666.50 | 1,666.00 | 1,666.50 | 1,668.00 | 1,656.00 | 1,656.00 | 296,414 | 11:39:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 12.49B | -60.6M | -0.0555 | -299.73 | 18.18B |
TIDMSSE
RNS Number : 2056M
SSE PLC
17 September 2021
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) - Grant of Awards
The Directors/PDMRs listed in the table that follows each received awards over Ordinary shares of 50 pence each fully paid in the Company under the DBS. The number of shares under each award has been calculated by reference to a price of GBP15.13 per share, being the average of the Company's share price over the three dealing days immediately preceding the date of grant.
Awards granted under the DBS represent a deferral of a proportion of the cash bonus earned for the 2020/21 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 a) Name(s) Alistair Phillips-Davies (Director) Gregor Alexander (Director) Martin Pibworth (Director) Christopher Burchell (PDMR) Rob McDonald (PDMR) Jim Smith (PDMR) Elizabeth Tanner (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 Deferred Bonus Scheme -------------------------------- ---------------------------------------------- c) Price(s) and volume(s) Conditional awards of shares, the number of shares calculated by reference to a price of GBPGBP15.13, being the average of the Company's share price over the three dealing days immediately preceding the date of grant. Total DBS Awards Director/PDMR Granted Alistair Phillips-Davies (Director) 20,650 ------------ Gregor Alexander (Director) 13,832 ------------ Martin Pibworth (Director) 11,174 ------------ Christopher Burchell 1,916 ------------ Robert McDonald (PDMR) 4,473 ------------ Jim Smith (PDMR) 5,143 Elizabeth Tanner (PDMR) 3,025 -------------------------------- ---------------------------------------------- d) Aggregated information As noted in 4c) above * Aggregated volume As noted in 4c) above * Price -------------------------------- ---------------------------------------------- e) Date of transaction 6 July 2021, date of grant -------------------------------- ---------------------------------------------- f) Place of transaction Outside a trading venue -------------------------------- ---------------------------------------------- (ii) Performance Share Plan (PSP) - Grant of Awards
The Executive Directors listed in the table that follows were each granted awards over Ordinary shares of 50 pence each fully paid in the Company under the PSP. The number of shares stated is the maximum which will become available to each Executive Director if the performance targets applicable to the award are achieved at their upper limit or above. On vesting, the Executive Director will become entitled to additional shares representing the value of reinvested dividends over the performance period. The number of shares under each award has been calculated by reference to a price of GBP15.13 per share, being the average of the Company's share price over the three dealing days immediately preceding the date of grant.
Vesting of these awards will normally only take place if performance conditions are satisfied over the three-year performance period 1 April 2021 to 31 March 2024. These performance conditions are those indicated in the Company's Directors' Remuneration Policy (as set out in the 2021 Annual Report).
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 a) Name(s) Gregor Alexander (Executive Director) Alistair Phillips-Davies (Executive Director) Martin Pibworth (Executive 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 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 Performance Share Plan -------------------------------- ---------------------------------------------- c) Price(s) and volume(s) Conditional awards of shares, the number of shares calculated by reference to a price of GBPGBP15.13, being the average of the Company's share price over the three dealing days immediately preceding
the date of grant. Total PSP Director Awards Granted Gregor Alexander 82,597 ---------------- Alistair Phillips-Davies 122,131 ---------------- Martin Pibworth 73,597 ---------------- -------------------------------- ---------------------------------------------- d) Aggregated information As noted in 4c) above * Aggregated volume As noted in 4c) above * Price -------------------------------- ---------------------------------------------- e) Date of transaction 6 July 2021, date of grant -------------------------------- ---------------------------------------------- f) Place of transaction Outside a trading venue -------------------------------- ---------------------------------------------- (iii) Leadership Share Plan (LSP) - Grant of Awards
The PDMRs in the table that follows were each granted awards 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 if the performance targets applicable to the awards are achieved, although the number could be increased or reduced by the Company performance adjuster described below. On vesting, the PDMRs 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 GBP15.13 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 2021 to 31 March 20224. 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) Christopher Burchell (PDMR) Robert McDonald (PDMR) Elizabeth Tanner (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 GBPGBP15.13, being the average of the Company's share price over the three dealing days immediately preceding date of grant. Total LSP PDMR Awards Granted Christopher Burchell (PDMR) 30,039 ---------------- Rob McDonald (PDMR) 24,372 ---------------- Elizabeth Tanner (PDMR) 18,175 ---------------- -------------------------------- --------------------------------------------- d) Aggregated information As noted in 4c) above * Aggregated volume As noted in 4c) above * Price -------------------------------- --------------------------------------------- e) Date of transaction 6 July 2021, date of grant -------------------------------- --------------------------------------------- f) Place of transaction Outside a trading venue -------------------------------- ---------------------------------------------
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September 17, 2021 11:52 ET (15:52 GMT)
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