7th Dec 2015 15:19
TRANSACTIONS BY DIRECTORS AND PDMRS
DISCLOSURE PURSUANT TO DISCLOSURE AND TRANSPARENCY RULE 3.1.4R(1)(a)
UK SHARE INCENTIVE PLAN
The Company was notified on 7 December 2015 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 4 December 2015 in the Company's ordinary shares:-
(a) that 61,190 shares were purchased and allocated at £14.4469 per share using participating employees' gross salary ('Partnership Shares').
(b) that the Company matched the Partnership Shares purchased by employees and allocated a further 32,898 shares at £14.4469 per share ('Matching Shares'). The Company gives employees 1 Matching Share for each Partnership Share bought by them up to a maximum of 3 Matching Shares per employee, each month.
The purchase, referred to above, was made pursuant to a regular standing order instruction with Computershare Investor Services plc for the monthly purchase of Partnership Shares.
The interests of Executive Directors/PDMRs of the Company in the transactions were as follows:
Director/PDMR | SIP Purchases | Total holding following notification | |
Number of Partnership Shares | Number of Matching Shares | ||
Gregor Alexander Director | 10 | 3 | 139,509 |
Alistair Phillips-Davies Director | 9 | 3 | 147,565 |
Jim McPhillimy PDMR | 8 | 3 | N/A |
Will Morris PDMR | 9 | 3 | N/A |
Colin Nicol PDMR | 11 | 3 | N/A |
Martin Pibworth PDMR | 2 | 2 | N/A |
The members of the Executive Committee comprise SSE's list of persons discharging managerial responsibilities under the Financial Services and Markets Act 2000.
Related Shares:
SSE