8th Jul 2013 15:41
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 5 July 2013 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 5 July 2013 in the Company's ordinary shares:-
(a) that 44,843 shares were purchased and allocated at £15.978 per share using participating employees' gross salary ('Partnership Shares').
(b) that the Company matched the Partnership Shares purchased by employees and allocated a further 53,214 shares at £15.978 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 | 8 | 6 | 123,746 |
Alistair Phillips-Davies Director | 8 | 6 | 133,830 |
Rob McDonald PDMR | 8 | 6 | N/A |
Jim McPhillimy PDMR | 8 | 6 | N/A |
Mark Mathieson PDMR | 8 | 6 | N/A |
Will Morris PDMR | 8 | 6 | N/A |
Martin Pibworth PDMR | 2 | 4 | N/A |
Brandon Rennet PDMR | 8 | 6 | N/A |
Jim Smith PDMR | 8 | 6 | N/A |
Paul Smith PDMR | 8 | 6 | N/A |
Alan Young PDMR | 8 | 6 | N/A |
SSE PLC SHARESAVE SCHEME
The Company also announces that, on 5 July 2013, it granted options over a total of 1,273,052 ordinary shares to employees under its all-employee savings-related share option scheme at an option price of £11.97 per ordinary share.
The interests of the Directors/PDMRs of the Company in this transaction are as follows:
Directors/ PDMRs
| Savings contract term
| No of options granted |
Mark Mathieson PDMR | 5-year | 250 |
Will Morris PDMR | 3-year | 375 |
Related Shares:
SSE