SSP Group PLC Director/PDMR Shareholding (7591G)

TIDMSSPG

RNS Number : 7591G

SSP Group PLC

05 March 2018

FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24

5 March 2018

SSP Group plc

(the "Company")

Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR") 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 first PSP awards granted following the IPO in 2014 over ordinary shares of 1p in the capital of the Company (the "Shares") held by one of its PDMRs under the PSP (the "PSP Awards"). Full details of the PSP Awards are included in SSP's 2017 Annual Report:

 
 Name of        Position            Number of              Number              Total number 
  PDMR                               Shares acquired        of Shares           of Shares 
                                     on vesting/exercise    sold on             held following 
                                     of PSP Awards          vesting/exercise    sale* 
                                                            of PSP 
                                                            Awards 
-------------  ------------------  ---------------------  ------------------  ---------------- 
                Chief Commercial 
                 Officer 
                 and CEO 
                 - Eastern 
                 Europe and 
 Mark Angela     Middle East                 194,935         93,710              834,584 
-------------  ------------------  ---------------------  ------------------  ---------------- 
 

*not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK Share Incentive Plan.

The notification of dealing form for Mark Angela 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                             Mark Angela 
---  -------------------------------  ----------------------------------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------------------------------- 
 a)   Position/status                  Chief Commercial Officer and 
                                        CEO - Eastern Europe and Middle 
                                        East 
---  -------------------------------  ----------------------------------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ----------------------------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------------------------------------- 
 a)   Full name of                     SSP Group plc 
       the entity 
---  -------------------------------  ----------------------------------------------------------------- 
 b)   Legal Entity                     213800QGNIWTXFMENJ24 
       Identifier 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                      Ordinary Shares of 1 pence 
       of the financial 
       instrument, 
       type of instrument 
---  -------------------------------  ----------------------------------------------------------------- 
 b)   Identification                   GB00BNGWY422 
       Code 
---  -------------------------------  ----------------------------------------------------------------- 
 c)   Nature of the                    1. Exercise of an Award to 
       transaction                      acquire Shares under the Company's 
                                        Performance Share Plan; and 
                                        2. Sale of Shares acquired 
                                        on the exercise of an Award 
                                        under the Company's Performance 
                                        Share Plan 
---  -------------------------------  ----------------------------------------------------------------- 
 d)   Currency                         GBP - British Pound 
---  -------------------------------  ----------------------------------------------------------------- 
 e)   Price(s) and                     Exercise: Price(s) per share   Volume(s)   Aggregate Price 
       Volume(s)                        -------------------  ----------  ---------------- 
                                         GBP0                 194,935     GBP0 
                                        -------------------  ----------  ---------------- 
 
                                        Sale: Price(s) per share   Volume(s)   Aggregate Price 
                                        -------------------  ----------  ---------------- 
                                         GBP5.9385            93,710      GBP556,496.84 
                                        -------------------  ----------  ---------------- 
---  -------------------------------  ----------------------------------------------------------------- 
 f)   Aggregated Information           Exercise: Price(s) per share   Volume(s)   Total Aggregate Price 
        *    Price                      -------------------  ----------  ---------------------- 
                                         GBP0                 194,935     GBP0 
                                        -------------------  ----------  ---------------------- 
        *    Volume 
 
                                        Sale: Price(s) per share   Volume(s)   Aggregate Price 
       - Total Price                    -------------------  ----------  ---------------- 
                                         GBP5.9385            93,710      GBP556,496.84 
                                        -------------------  ----------  ---------------- 
---  -------------------------------  ----------------------------------------------------------------- 
 g)   Date of transaction              2 March 2018 
---  -------------------------------  ----------------------------------------------------------------- 
 h)   Place of transaction             London Stock Exchange, Main 
                                        Market (XLON) 
---  -------------------------------  ----------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 05, 2018 13:15 ET (18:15 GMT)