SSE PLC

Remuneration Information • Jul 1, 2020

National Storage Mechanism | Additional information

RNS Number : 7769R

SSE PLC

01 July 2020

SSE plc

Director/PDMR Shareholding

SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

(i)           Deferred Bonus Scheme (DBS) - Vesting of Awards Granted 26 June 2017

On 26 June 2020, the independent Trustee of the SSE Employee Trust notified the Company that it had on 26 June 2020 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 26 June 2017 under the DBS to the Executive Directors and PDMRs listed in the table that follows.  Vesting of these shares was subject to continuous employment over the three-year period from date of grant (or as provided by the DBS Plan Rules).  In addition, the vested shares (balance post-tax), known as "Career Shares" for Alistair Phillips-Davies, Gregor Alexander and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the DBS Rules.

1

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Gregor Alexander (Executive Director)

Alistair Phillips-Davies (Executive Director)

Martin Pibworth (Executive Director)

Rob McDonald (PDMR)

Colin Nicol (PDMR)

Jim Smith (PDMR)

Elizabeth Tanner (PDMR)

2

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Deferred Bonus Scheme

c)

Price(s) and volume(s)

Vesting of awards granted under the SSE plc Deferred Bonus Scheme on 26 June 2020 at a vesting price of GBP£13.745984

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares	No. Shares sold at £13.745984 to meet income tax and National Insurance liabilities	Post-Tax Balance of Shares sold in Market @ £13.745984 per share	Net Number of Shares transferred to Participant	Career Shares transferred to Nominee
Gregor Alexander (Executive Director)	13,442	3,304	16,746	8,067	-	-	8,679
Alistair Phillips-Davies (Executive Director)	20,068	4,932	25,000	12,043	-	-	12,957
Martin Pibworth (Executive Director)	5,715	1,402	7,117	3,429	-	-	3,688
Rob McDonald (PDMR)	3,933	964	4,897	2,351	2,546	-	-
Colin Nicol (PDMR)	5,427	1,333	6,760	3,257	-	3,503	-
Jim Smith (PDMR)	4,289	1,051	5,340	2,573	-	2,767	-
Elizabeth Tanner (PDMR)	1,676	410	2,086	984	-	1,102	-

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

26 June 2020

f)

Place of transaction

Outside a trading venue

(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 26 June 2017

On 26 June 2020 the independent Trustee of the SSE Employee Trust notified the Company that it had on 26 June 2020 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 26 June 2017 under the PSP to the Executive Directors listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2017.  In total 27% of the award vested for participants.  The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies and Gregor Alexander are subject to a further holding period and will be held under nominee in accordance with the PSP Rules.

1

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Gregor Alexander (Executive Director)

Alistair Phillips-Davies (Executive Director)

2

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Performance Share Plan.

c)

Price(s) and volume(s)

Vesting of awards granted under the SSE plc Performance Share Plan on 26 June 2017 at a vesting price of GBP£13.745984

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares vested at 27%	No. Shares sold at £13.745984 to meet income tax and National Insurance liabilities	Award Shares transferred to Nominee
Gregor Alexander (Executive Director)	78,099	19,210	26,273	12,656	13,617
Alistair Phillips-Davies (Executive Director)	115,479	28,406	38,848	18,713	20,135

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

26 June 2020

f)

Place of transaction

Outside a trading venue

(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 26 June 2017

On 26 June 2020 the independent Trustee of the SSE Employee Trust notified the Company that it had on 26 June 2020 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 26 June 2017 under the LSP to the Executive Director and PDMRs listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2017.  In total 100% of the award vested for participants.

1

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Martin Pibworth (Executive Director)

Rob McDonald (PDMR)

Colin Nicol (PDMR)

Jim Smith (PDMR)

2

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Leadership Share Plan.

c)

Price(s) and volume(s)

Vesting of awards granted under the SSE plc Leadership Share Plan on 26 June 2017 at a vesting price of GBP£13.745984

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares vested at 100%	No. Shares sold at £13.745984 to meet income tax and National Insurance liabilities	Post-Tax Balance of Shares sold in Market @ £13.745984 per share	Net Number of Shares transferred to Participant
Martin Pibworth (Executive Director)	23,411	5,755	29,166	14,049	-	15,117
Rob McDonald (PDMR)	16,110	3,960	20,070	9,634	10,436	-
Colin Nicol (PDMR)	22,778	5,601	28,379	13,670	-	14,709
Jim Smith (PDMR)	16,801	4,129	20,930	10,082	-	10,848

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

26 June 2020

f)

Place of transaction

Outside a trading venue

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