Director/PDMR Shareholding

RNS Number : 5172W

Scottish & Southern Energy PLC

11 June 2008

 



SCOTTISH AND SOUTHERN ENERGY PLC

PERFORMANCE SHARE PLAN AWARDS

The Company wishes to notify the following awards to the Executive directors and persons discharging managerial responsibility ('PDMR's) in ordinary shares in the Company ('Shares') arising out of the operation of the Scottish and Southern Energy plc Performance Share Plan (the 'PSP').

On 10 June 2008, awards were granted under the PSP to the following executive directors and PDMRs, as set out below. The number of Shares stated is the maximum available to each director or PDMR on satisfaction in full of the performance targets applicable to the Award. The number of Shares under each Award has been calculated by reference to £15.45, being the price paid per Share on 10 June 2008.

Executive Director	Shares granted under award
Ian Marchant	77,670
Colin Hood	58,253
Alistair Phillips-Davies	44,661
Gregor Alexander	44,661

PDMR
Vincent Donnelly	9,062
Paul Isgar	12,298
Graham Juggins	9,709
Anthony Keeling	12,622
Ian Manson	9,062
Mark Mathieson	12,298
Robert McDonald	10,486
Jim McPhillimy	12,945
Adrian Pike	12,622
Brian Smith	8,415
James Smith	10,486
Paul Smith	12,945
Alan Young	10,486

Vesting of these Awards will be conditional on the satisfaction of financial performance targets and other criteria. The earliest date on which the participants could normally become entitled to the Shares comprised in the Award is the date of announcement of results for the financial year ending 31 March 2011, or as otherwise determined by the rules of the PSP.

The Plan is in line with the company's remuneration policy, as set out in its Annual Report 2008, which was published on the company's website on Thursday 5 June 2008.  

DEFERRED BONUS PLAN

The company announces the purchase on 10 June 2008, by the Trustees of the Scottish and Southern Energy Deferred Bonus Plan, of ordinary shares in the Company at a price of £15.45 per share and the share awards on 10 June 2008 to Executive Directors and Persons Discharging Managerial Responsibility (PDMR) under the Plan as follows:

Ian Marchant	9,709
Colin Hood	7,087
Alistair Phillips-Davies	5,463
Gregor Alexander	5,493
Vincent Donnelly	1,236
Paul Isgar	1,735
Graham Juggins	1,347
Anthony Keeling	1,781
Ian Manson	1,257
Mark Mathieson	1,677
Robert McDonald	1,479
James McPhillimy	1,796
Adrian Pike	1,751
Brian Smith	1,187
James Smith	1,455
Paul Smith	1,796
Alan Young	1,455

The Plan is designed to contribute to increasing shareholder return and motivation of senior management over the longer-term. Awards to participants in the Plan are based on the performance by individuals and by the Company and will vest after 3 years.

 

END

 

 

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