SSE PLC

Remuneration Information • Jun 29, 2015

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RNS Number : 5542R

SSE PLC

29 June 2015

SSE PLC (SSE/the Company)

TRANSACTIONS BY PDMRs

DISCLOSURE PURSUANT TO DISCLOSURE AND TRANSPARENCY RULE 3.1.4R(1)(a)

(i)           DEFERRED BONUS SCHEME (DBS)

VESTING OF AWARDS GRANTED 22 JUNE 2012

On 26 June 2015 the independent Trustee of the SSE Employee Trust notified the Company that it had on 25 June 2015 transferred the beneficial interest in a total of 11,461 SSE ordinary shares (the "shares"), subject to awards granted on 22 June 2012 under the DBS, to the following persons discharging managerial responsibility ("PDMRs").

PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares	No. of Shares sold at £16.13 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant	Total Beneficial Interest following this Notification
Alistair Phillips-Davies, Director	2,461	448	2,909	1,370	1,539	147,320
Gregor Alexander, Director	2,953	539	3,492	1,645	1,847	138,926
Jim McPhillimy, PDMR	2,219	406	2,625	1,237	1,388	N/A
Colin Nicol, PDMR	991	179	1,170	552	618	N/A
Martin Pibworth, PDMR	1,071	194	1,265	596	669	N/A

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).

(ii)          PERFORMANCE SHARE PLAN (PSP)

AWARDS GRANTED 22 JUNE 2012

As stated in the Annual Remuneration Report 2014/15, based on performance targets, there will be no vesting of the 2012 PSP Award in respect of Directors and PDMRs.

(iii)         DEFERRED BONUS SCHEME (DBS)

GRANT OF AWARDS 25 JUNE 2015

VESTING NO EARLIER THAN 25 JUNE 2018

On 25 June 2015, the Company granted the following awards under the DBS.  The number of shares under each award has been calculated at £16.24 per share, being the average of the Company's share price over the five days preceding date of grant.

PDMR	NUMBER OF SHARES GRANTED UNDER AWARD
Alistair Phillips-Davies, Director	7,931
Gregor Alexander, Director	6,130
Jim McPhillimy, PDMR	3,586
Will Morris, PDMR	2,906
Colin Nicol, PDMR	2,886
Martin Pibworth, PDMR	4,328

Awards granted under the DBS represent a deferral of a proportion of the cash bonus earned for the financial year ended 31 March 2015 which is converted into shares.  The shares will vest after a period of three years from date of grant subject to the participant remaining in employment with the Company.

(iv)         PERFORMANCE SHARE PLAN (PSP)

GRANT OF AWARDS 25 JUNE 2015

VESTING NO EARLIER THAN PRELIM ANNOUNCEMENT 2018

On 25 June 2015, the Company granted the following awards under the PSP.  The number of shares stated is the maximum which will become available to each PDMR if the performance targets applicable to the award are achieved in full.  The number of shares under each award has been calculated at £16.24 per share, being the average of the Company's share price over the five days preceding date of grant.

Vesting of these awards will normally only take place if performance conditions (relating to the Company's relative total shareholder return performance, earnings per share growth, dividend per share growth and quality of service) are satisfied over the three year performance period 1 April 2015 to 31 March 2018, and the participant remains in employment.  These performance conditions are those indicated in the Company's Directors' Remuneration Policy (as set out in the Annual Report 2015).  The Policy was approved by shareholders at SSE's AGM on 17 July 2014 and applies from this date.

The earliest date on which participants will normally become entitled to the shares comprised in this award is the date of the announcement of results for the financial year ending 31 March 2018, or as otherwise determined by the rules of the PSP.

In the case of awards granted to the executive directors, Alistair Phillips-Davies and Gregor Alexander, any shares that vest will (after deducting the shares required to be sold to satisfy income tax and national insurance contributions liabilities on receipt of the shares) be subject to a two year holding period.

PDMR	NUMBER OF SHARES GRANTED UNDER AWARD
Alistair Phillips-Davies, Director	76,138
Gregor Alexander, Director	58,848
Jim McPhillimy, PDMR	24,978
Will Morris, PDMR	24,978
Colin Nicol, PDMR	19,243
Martin Pibworth, PDMR	26,940

This information is provided by RNS

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