26th Jul 2005 14:15
Scottish & Southern Energy PLC26 July 2005 Notification of Directors'/PDMRs' InterestsOn 25 July 2005 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 25 July 2005, sufficient Shares weresold at £9.705 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 £9.705 to remaining satisfy the tax liabilityIan Marchant 14,063 5,798 8,265AlistairPhillips-Davies 5,740 2,366 3,374GregorAlexander 1,477 609 868VincentDonnelly 1,995 822 1,173Paul Isgar 995 410 585Tony Keeling 1,161 479 682Ian Manson 1,790 738 1,052Adrian Pike 805 332 473Brian Smith 2,793 896 1,278 The Trustees have transferred the Shares to satisfy these entitlements out ofthe Trust. As a result of the transactions referred to above the Trust holds a total of629,509 Shares representing 0.07% 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 72,898 0.008%AlistairPhillips-Davies 16,571 0.002%GregorAlexander 10,200 0.001% Also, on 25 July 2005, the Company was notified by Natwest Stockbrokers that,Gregor Alexander had exercised 10,000 options at an option price of £5.47. 7,438shares were sold at £9.6205 per share in order to discharge costs and incometax, and the balance of 2,562 shares has been retained. His shareholding is nowas follows:Executive director Total holding Total holding following this as a percentage notification of shares in issueGregorAlexander 12,762 0.001% This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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