5th Jul 2006 15:16
Scottish & Southern Energy PLC05 July 2006 Notification of Directors'/PDMRs' Interests On 4 July 2006 the Company was notified by the Trustees of the Scottish andSouthern Energy Deferred Bonus Plan ("the Plan") of the following changes indirectors'/PDMRs' interests in the Company's ordinary shares ("the Shares")arising out of the operation of the Plan. Awards of Shares under the Plan can be unconditionally released to participantsfollowing the third anniversary of grant ("the Maturity Date"). The following directors/PDMRs elected to call for the release of the Shares setout below following the Maturity Date. On 4 July 2006, sufficient Shares weresold at £11.42 per share in order to discharge income tax and National Insurancecontribution liabilities arising on their release from the Deferred Bonus PlanTrust ("the Trust"). Executive director/PDMR Shares released Shares sold at Shares from the Trust £11.42 to remaining satisfy the tax liabilityIan Marchant 35,338 14,544 20,794AlistairPhillips-Davies 17,667 7,271 10,396GregorAlexander 14,132 5,816 8,316VincentDonnelly 3,778 1,555 2,223Paul Isgar 1,150 473 677Tony Keeling 1,115 459 656Ian Manson 3,429 1,411 2,018Adrian Pike 1,034 426 608Brian Smith 3,057 1,258 1,799James Smith 3,100 1,276 1,824Paul Smith 7,709 3,173 4,536Robert McDonald 1,701 700 1,001Alan Young 3,026 1,245 1,781 The Trustees have transferred the Shares to satisfy these entitlements out ofthe Trust. Vincent Donnelly has transferred on 4 July 2006, 500 shares to each of his twoadult children. As a result of the transactions referred to above the Trust holds a total of729,861 Shares representing 0.08% of the Company's issued share capital. Theexecutive directors are technically deemed for Companies Act purposes to beinterested in all the Shares held by the Trust. The executive directorsshareholdings are as follows: Executive director Total holding Total holding following this as a percentage notification of shares in issueIan Marchant 93,997 0.011%Alistair Phillips-Davies 30,942 0.004%Gregor Alexander 21,398 0.002% Also, on 4 July 2006 , Mark Mathieson had exercised 500 options at an optionprice of £3.15 and 500 options at an option price of £5.47. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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