Director/PDMR Shareholding

RNS Number : 1081I
SSP Group PLC
12 April 2022
 

FOR IMMEDIATE RELEASE   LEI: 213800QGNIWTXFMENJ24

 

 

12 April 2022

SSP Group plc

(the "Company")

 

Notification of transactions by a Person Discharging Managerial Responsibility ("PDMR")  

 

The Company has been notified that on 11 April 2022, and in recognition of the commencement of his employment as Group CEO, the Pe rson Discharging Managerial Responsibility (a  "PDMR") shown in the table below, was granted:

 

(i)         an award under the Company's Restricted Share Plan (the "RSP") for FY22 (the "FY22 RSP Award") to acquire 340,061 ordinary shares of 1 17/200  pence each in the capital of the Company (the "Shares"); and

(ii) a series of buy-out awards under the RSP in respect of awards forfeited on recruitment (the "Buy-out Awards") to acquire (in aggregate) 601,810 Shares.

 

The FY22 RSP Award has been granted subject to the satisfaction of performance underpins measured over a three-year period to 30 September 2024.  Following vesting, the Shares under the FY22 RSP Award will be subject to a two-year holding period.

 

Details of vesting dates and performance conditions attached to the Buy-out Awards will be provided in the Company's Annual Report and Accounts for the year ended 30 September 2022.

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK version of the EU Market Abuse Regulation which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

 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

Patrick Coveney

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 117/200 pence 

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

Grant of Awards to acquire Shares under the Company's Restricted Share Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

 

Price(s) per share

Volume(s)

Aggregate Price

£0

941,871

£0

 

f)

Aggregated Information

Price

Volume

Total Price

RSP:

Price(s) per share

Volume(s)

Total Aggregate Price

£0

941,871

£0

 

g)

Date of transaction

11 April 2022

h)

Place of transaction

Outside of trading venue

 

 

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Companies

SSP Group (SSPG)
UK 100

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