SSE PLC

Director's Dealing • Jul 4, 2019

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RNS Number : 5625E

SSE PLC

04 July 2019

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 2016

On 2 July 2019, the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2019 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2016 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, an element of the vested shares (one-third of the vested balance post-tax), known as "Career 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 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)

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 2019 at a vesting price of GBP£11.163768

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares	No. Shares sold at £11.163768 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant	Career Shares transferred to Nominee
Gregor Alexander (Executive Director)	5,302	1,209	6,511	3,130	2,254	1,127
Alistair Phillips-Davies (Executive Director)	6,860	1,566	8,426	4,051	2,916	1,459
Martin Pibworth (Executive Director)	4,383	999	5,382	2,588	2,794	n/a
Rob McDonald (PDMR)	3,101	706	3,807	1,831	1,976	n/a
Colin Nicol (PDMR)	3,930	896	4,826	2,320	2,506	n/a
Jim Smith (PDMR)	3,511	801	4,312	2,073	2,239	n/a

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2019

f)

Place of transaction

Outside a trading venue

(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 28 June 2016

On 2 July 2019 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2019 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2016 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 2016.  In total 26% of the award vested for participants.

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 28 June 2016 at a vesting price of GBP£11.163768

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares vested at 26%	No. Shares sold at £11.163768 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant
Gregor Alexander (Executive Director)	70,390	16,089	22,484	10,809	11,675
Alistair Phillips-Davies (Executive Director)	104,081	23,793	33,247	15,983	17,264

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2019

f)

Place of transaction

Outside a trading venue

(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 28 June 2016

On 2 July 2019 the independent Trustee of the SSE Employee Trust notified the Company that it had on 28 June 2019 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 28 June 2016 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 2016.  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 28 June 2016 at a vesting price of GBP£11.163768

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares vested at 100%	No. Shares sold at £11.163768 to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant
Martin Pibworth (Executive Director)	18,534	4,235	22,769	10,946	11,823
Rob McDonald (PDMR)	12,705	2,901	15,606	7,503	8,103
Colin Nicol (PDMR)	17,031	3,889	20,920	10,057	10,863
Jim Smith (PDMR)	14,045	3,208	17,253	8,294	8,959

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

28 June 2019

f)

Place of transaction

Outside a trading venue

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