SSP Group PLC Director/PDMR Shareholding (7224W)

TIDMSSPG

RNS Number : 7224W

SSP Group PLC

12 December 2019

FOR IMMEDIATE RELEASE

LEI: 213800QGNIWTXFMENJ24

12 December 2019

SSP Group plc

(the "Company")

Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs") in connection with the Vesting and Exercise of Awards under the Performance Share Plan ("PSP")

The Company today makes the following announcement regarding the vesting and exercise of the PSP awards granted in 2016 over ordinary shares of 1(17/200) pence nominal value (1 pence at the time of grant) in the capital of the Company (the "Shares") held by one of its PDMRs under the PSP (the "PSP Awards").

 
 Name of PDMR       Position           Number of              Number of 
                                        Shares acquired        Shares sold 
                                        on vesting/exercise    on vesting/exercise 
                                        of 2016 PSP            of 2016 PSP 
                                        Awards                 Awards 
                    Chief Financial 
 Jonathan Davies     Officer                 146,696                 69,829 
                   -----------------  ---------------------  --------------------- 
 

The notification of dealing forms for each PDMR can be found below.

This announcement, including the notifications below, is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

For further information, please contact:

SSP Group plc

Helen Byrne, Company Secretary

Tel: [phone]

 
 1    Details of the person discharging managerial responsibility 
 a)   Name                       Jonathan Davies 
     -------------------------  -------------------------------------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer 
     -------------------------  -------------------------------------------------------------------------------------- 
 b)   Initial                    Initial notification 
      notification/amendment 
     -------------------------  -------------------------------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Full name of the           SSP Group plc 
       entity 
     -------------------------  -------------------------------------------------------------------------------------- 
 b)   Legal Entity Identifier    213800QGNIWTXFMENJ24 
       Code 
     -------------------------  -------------------------------------------------------------------------------------- 
 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 1(17/200) pence 
       financial instrument, 
       type of instrument 
     -------------------------  -------------------------------------------------------------------------------------- 
 b)   Identification Code        GB00BGBN7C04 
     -------------------------  -------------------------------------------------------------------------------------- 
 c)   Nature of the              1. Exercise of an Award to acquire 
      transaction                 Shares under the Company's Performance 
                                  Share Plan (PSP); 
                                  2. Sale of Shares acquired on the exercise 
                                  of an Award under the PSP to discharge 
                                  tax liabilities arising on such exercise; 
                                  and 
                                  3. Transfer of legal title to shares 
                                  with no change in beneficial ownership. 
     -------------------------  -------------------------------------------------------------------------------------- 
 d)   Currency                   GBP - British Pound 
     -------------------------  -------------------------------------------------------------------------------------- 
 e)   Price(s) and Volume(s)     Exercise: Price(s) per share   Volume(s)   Aggregate Price 
                                   GBP0                 146,696     GBP0 
                                                       ----------  ---------------- 
 
                                  Sale to discharge tax liabilities:: Price(s) per share   Volume(s)   Aggregate Price 
                                   GBP6.407999          69,829      GBP447,464.16 
                                                       ----------  ---------------- 
 
                                  Transfer to nominee CREST account: Price(s) per share   Volume(s)   Aggregate Price 
                                   GBP0                 76,867      GBP0 
                                                       ----------  ---------------- 
     -------------------------  -------------------------------------------------------------------------------------- 
 f)   Aggregated Information     Exercise: Price(s) per share   Volume(s)   Aggregate Price 
        *    Price                 GBP0                 146,696     GBP0 
                                                       ----------  ---------------- 
 
        *    Volume               Sale to discharge tax liabilities: Price(s) per share   Volume(s)   Aggregate Price 
                                   GBP 6.407999         69,829      GBP447,464.16 
                                                       ----------  ---------------- 
       - Total Price 
                                  Transfer to nominee CREST account: Price(s) per share   Volume(s)   Aggregate Price 
                                   GBP0                 76,867      GBP0 
                                                       ----------  ---------------- 
     -------------------------  -------------------------------------------------------------------------------------- 
 g)   Date of transaction        Exercise and Sale- 10/12/2019 
                                  Transfer - 12/12/2019 
     -------------------------  -------------------------------------------------------------------------------------- 
 h)   Place of transaction       London Stock Exchange, Main Market 
                                  (XLON) 
     -------------------------  -------------------------------------------------------------------------------------- 
 

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December 12, 2019 09:50 ET (14:50 GMT)