7th Oct 2014 14:32
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 6 October 2014 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 6 October 2014 in the Company's ordinary shares:-
(a) that 53,207 shares were purchased and allocated at £15.125 per share using participating employees' gross salary ('Partnership Shares').
(b) that the Company matched the Partnership Shares purchased by employees and allocated a further 57,782 shares at £15.125 per share ('Matching Shares'). The Company gives employees 2 Matching Shares for each Partnership Share bought by them up to a maximum of 6 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 | 6 | 135,583 |
Alistair Phillips-Davies Director | 8 | 6 | 145,606 |
Jim McPhillimy PDMR | 8 | 6 | N/A |
Mark Mathieson PDMR | 10 | 6 | N/A |
Will Morris PDMR | 9 | 6 | N/A |
Martin Pibworth PDMR | 3 | 6 | 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.
ISA REINVESTMENT
The Company was notified on 6 October 2014 of a reinvestment by the manager of an ISA (formerly PEP) held by Gregor Alexander pursuant to a regular standing order instruction. Gregor Alexander acquired 39 shares at a price of £15.18 per share on 6 October 2014.
Following this transaction, Gregor Alexander has a beneficial interest in 135,622 shares.
Related Shares:
SSE