Director/PDMR Shareholding

RNS Number : 9686I
SSP Group PLC
29 November 2018
 

FOR IMMEDIATE RELEASE                                                                                 LEI: 213800QGNIWTXFMENJ24

 

29 November 2018

SSP Group plc

(the "Company")

 

Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs") in connection with the Vesting and Exercise of Awards under the Performance Share Plan ("PSP")

 

The Company today makes the following announcement regarding the vesting and exercise of the PSP awards granted in 2015 over ordinary shares of 11/30 pence nominal value (1 pence at the time of grant) in the capital of the Company (the "Shares") held by certain of its PDMRs under the PSP (the "PSP Awards").  Details of the PSP Awards are included in SSP's 2018 Annual Report:

 

Name of PDMR

Position

Number of Shares acquired on vesting/exercise of PSP Awards

Number of Shares sold on vesting/exercise of PSP Awards

Total number of Shares held following sale*

Kate Swann

Chief Executive Officer

516,127

245,682

4,726,321

Jonathan Davies

Chief Financial Officer

172,040

81,893

1,483,027

Simon Smith

CEO - UK & Ireland

139,782

66,538

767,014

Michael Svagdis

CEO - North America

142,182

135,978

123,410

Nick Inkster

CEO - Nordics & Spain

133,331

63,467

425,722

Christopher Rayner

CEO - Asia Pacific

93,624

-

890,190

 

*Not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK and International Share Incentive Plans but not any Matching Awards relating to unissued Shares in the case of the Company's International Share Incentive Plan.

 

The notification of dealing forms for each PDMR can be found below.

 

This announcement, including the notifications below, is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 

 For further information, please contact:

 SSP Group plc

Helen Byrne, Company Secretary                   

Tel:  +44 (0) 207 543 3404

 

 

 

 

 

1

Details of the person discharging managerial responsibility

a)

Name

Kate Swann

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 11/30 pence

b)

Identification Code

GB00BFWK4V16

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP);

2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise; and

3.      Transfer of legal title to shares received on the exercise of an Award under the PSP (post sell to cover transaction) to a nominee CREST account.

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share

Volume(s)

Aggregate Price

£0

516,127

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.464674

245,682

£1,588,254.04

Transfer to nominee CREST account:

Price(s) per share

Volume(s)

Aggregate Price

£0

270,445

£0

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

516,127

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.464674

245,682

£1,588,254.04

Transfer to nominee CREST account:

Price(s) per share

Volume(s)

Aggregate Price

£0

270,445

£0

 

g)

Date of transaction

Exercise and Sale - 27 November 2018

Transfer - 29 November 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

 

 

1

Details of the person discharging managerial responsibility

a)

Name

Jonathan Davies

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 11/30 pence

b)

Identification Code

GB00BFWK4V16

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and

2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share

Volume(s)

Aggregate Price

£0

172,040

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.485

81,893

£531,076.11

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

172,040

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.485

81,893

£531,076.11

 

g)

Date of transaction

27 November 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

 

 

 

1

Details of the person discharging managerial responsibility

a)

Name

Simon Smith

2

Reason for the notification

a)

Position/status

CEO - UK & Ireland

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 11/30 pence

b)

Identification Code

GB00BFWK4V16

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and

2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share

Volume(s)

Aggregate Price

£0

139,782

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.216

66,538

£413,600.21

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

139,782

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.216

66,538

£413,600.21

 

g)

Date of transaction

28 November 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

 

 

 

1

Details of the person discharging managerial responsibility

a)

Name

Michael Svagdis

2

Reason for the notification

a)

Position/status

CEO - North America

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 11/30 pence

b)

Identification Code

GB00BFWK4V16

c)

Nature of the transaction

1.      Vesting of an Award to acquire Shares under the Company's Performance Share Plan (PSP);

2.      Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting; and

3.      Sale of Shares acquired on the vesting of an Award under the PSP

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Vesting:

Price(s) per share

Volume(s)

Aggregate Price

£0

142,182

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.484599

68,978

£447,294.67

Sale:

Price(s) per share

Volume(s)

Aggregate Price

£6.207162

67,000

£415,879.86

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Vesting:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

142,182

£0

Sale to discharge tax liabilities:

Price(s) per share

Volume(s)

Aggregate Price

£6.484599

68,978

£447,294.67

Sale:

Price(s) per share

Volume(s)

Aggregate Price

£6.207162

67,000

£415,879.86

 

g)

Date of transaction

Vesting - 27 November 2018

Sale to discharge tax liabilities - 27 November 2018

Sale - 28 November 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibility

a)

Name

Nick Inkster

2

Reason for the notification

a)

Position/status

CEO - Nordics & Spain

 

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 11/30 pence

b)

Identification Code

GB00BFWK4V16

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and

2.      Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share

Volume(s)

Aggregate Price

£0

133,331

£0

Sale:

Price(s) per share

Volume(s)

Aggregate Price

£ 6.2419

63,467

£396,154.67

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

133,331

£0

Sale:

Price(s) per share

Volume(s)

Aggregate Price

£6.2419

63,467

£396,154.67

 

g)

Date of transaction

28 November 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

 

 

1

Details of the person discharging managerial responsibility

a)

Name

Christopher Rayner

2

Reason for the notification

a)

Position/status

CEO - Asia Pacific

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 11/30 pence

b)

Identification Code

GB00BFWK4V16

c)

Nature of the transaction

Exercise of an Award to acquire Shares under the Company's Performance Share Plan.

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share

Volume(s)

Aggregate Price

£0

93,624

£0

 

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

93,624

£0

 

g)

Date of transaction

27 November 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

 


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