SSE PLC

Director's Dealing • Jun 30, 2021

National Storage Mechanism | Additional information

RNS Number : 7113D

SSE PLC

30 June 2021

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 28 June 2018

On 29 June 2021, the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 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)

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 28 June 2021 at a vesting price of GBP£15.222599

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares	No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant	Career Shares transferred to Nominee
Gregor Alexander (Executive Director)	16,640	4,001	20,641	9,943	-	10,698
Alistair Phillips-Davies (Executive Director)	24,841	5,974	30,815	14,844	-	15,971
Martin Pibworth (Executive Director)	10,398	2,496	12,894	6,212	-	6,682
Rob McDonald (PDMR)	5,179	1,244	6,423	3,094	3,329	-
Jim Smith (PDMR)	5,794	1,391	7,185	3,461	3,724	-
Elizabeth Tanner (PDMR)	2,504	599	3,103	1,464	1,639	-

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2021

f)

Place of transaction

Outside a trading venue

(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 28 June 2018

On 29 June 2021 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 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 2018.  In total 28% of the award vested for participants.  The vested shares (balance post-tax), known as "Award 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 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)

Martin Pibworth (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 28 June 2021 at a vesting price of GBP£15.222599

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares vested at 28%	No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities	Award Shares transferred to Nominee
Gregor Alexander (Executive Director)	89,466	21,523	31,076	14,969	16,107
Alistair Phillips-Davies (Executive Director)	132,287	31,826	45,951	22,135	23,816
Martin Pibworth (Executive Director	66,957	16,108	23,258	11,204	12,054

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2021

f)

Place of transaction

Outside a trading venue

(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 28 June 2018

On 29 June 2021 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2021 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2018 under the LSP to the 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 2018.  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)

Rob McDonald (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 Leadership Share Plan.

c)

Price(s) and volume(s)

Vesting of awards granted under the SSE plc Leadership Share Plan on 28 June 2021 at a vesting price of GBP£15.222599

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares vested at 100%	No. Shares sold at £15.222599 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant
Rob McDonald (PDMR)	21,338	5,132	26,470	12,751	13,719
Jim Smith (PDMR)	23,875	5,742	29,617	14,267	15,350
Elizabeth Tanner (PDMR)	10,402	2,500	12,902	6,086	6,816

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2021

f)

Place of transaction

Outside a trading venue

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