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Director/PDMR Shareholding
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SSE plc
Director/PDMR Shareholding
SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
Retention Share Award
The Company announces that on 12 January 2017, Martin Pibworth, PDMR, was granted a Retention Share award over Ordinary shares of 50 pence each fully paid in the Company.
The shares will vest after a period of three and a half years from the date of grant subject to the participant remaining in employment with the Company. On vesting, the participant will become entitled to additional shares representing the value of reinvested dividends over the retention award period.
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1 |
Details of the person(s) discharging managerial responsibilities/person closely associated with |
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a) |
Name(s) |
Martin Pibworth (PDMR) |
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2 |
Reason for the notification |
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a) |
Position/status |
As noted in 1a) above |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
SSE plc |
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b) |
LEI |
549300KI75VYLLMSK856 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 50 pence each fully paid ISIN: GB0007908733 |
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b) |
Nature of transaction |
Grant of a Retention Share Award. |
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c) |
Price(s) and volume(s) |
Conditional award of 25,000 shares. |
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d) |
Aggregated information - Aggregated volume - Price |
As noted in 4c) above N/A |
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e) |
Date of transaction |
12 January 2017 |
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f) |
Place of transaction |
Outside a trading venue |
This information is provided by RNS
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