Director/PDMR Shareholding (R

RNS Number : 8620E

Scottish & Southern Energy PLC

01 October 2008

 

The following amendment has been made to the Director/PDMR Shareholding announcement released today at 15.31 under RNS No 8563E.

 

The final paragraph of the Share incentive Plan and the Sharesave details were omitted.

 

All other details remain unchanged.

 

The full amended text is shown below.



TRANSACTIONS BY DIRECTORS AND PDMRS

(1)       SHARE INCENTIVE PLAN

            The Company was notified on 30 September 2008 by Computershare Investor Services plc, the provider of the all employee Share Incentive Plan (‘SIP’), of the following purchases on 30 September 2008 in the Company’s ordinary shares:-

 

(a)               that 38,772 shares were purchased and allocated at £14.04 per share using participating employees’ gross salary (‘Partnership Shares’).

 

(b)               that the Company matched the Partnership Shares purchased by employees and allocated a further 27,801 shares at £14.04 per share (‘Matching Shares’). The Company gives employees 1 Matching Share for each Partnership Share bought by them up to a maximum of 5 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 Company was further notified on 30 September 2008 by Computershare Investor Services plc of the award of 10 free shares in the Company in respect of the Irish Share Incentive Plan to a further PDMR, as noted below. The shares were awarded on 1 October 2008 and allocated at £14.08 and will be held in trust for three years.

(2)       SHARESAVE

 

On 1 October 2008, the undernoted Directors/PDMRs were allotted shares at a price of £5.62 per share following their exercise of options under the Company’s all-employee savings-related share option scheme.

 

The interests of Executive directors/PDMRs of the Company in the transactions were as follows:

Director/PDMR	SIP Purchases		Options  exercised under Sharesave	Total holding following notification
	Number of Partnership Shares	Number of Matching Shares
Colin Hood Director	9	5	-	28,061
Ian Marchant Director	9	5	-	142,503
Alistair Phillips-Davies Director	8	5	-	31,445
Gregor Alexander Director	9	5	1,700	45,927
Mark Mathieson PDMR	9	5	566	N/A
Adrian Pike PDMR	9	5	566	N/A
Paul Smith PDMR	9	5	1,133	N/A

PDMR	SIP Award
	Number of Shares  awarded
Paul Dowling PDMR	10

 

END

 

 

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