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SSE PLC
Remuneration Information • Jun 1, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 6389N
SSE PLC
01 June 2022
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 25 July 2019
On 1st June 2022, the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 under the DBS to the 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).
1
Details of the person(s) discharging managerial responsibilities/person closely associated with
a)
Name(s)
Rob McDonald (PDMR)
Sam Peacock (PDMR)
John Stewart (PDMR)
Elizabeth Tanner (PDMR)
Stephen Wheeler (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 31 May 2022 at a vesting price of GBP£17.563847
| Executive Director/PDMR | Gross Award of Shares | Accrued Dividend Shares | Total Shares | No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities | Net Number of Shares transferred to Participant |
| Rob McDonald (PDMR) |
3,619 | 727 | 4,346 | 2,148 | 2,198 |
| Sam Peacock (PDMR) |
926 | 184 | 1,110 | 538 | 572 |
| John Stewart (PDMR) |
2,578 | 519 | 3,097 | 1,531 | 1,566 |
| Elizabeth Tanner (PDMR) |
1,716 | 342 | 2,058 | 997 | 1,061 |
| Stephen Wheeler (PDMR) |
3,329 | 668 | 3,997 | 2,086 | 1,911 |
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
31 May 2022
f)
Place of transaction
Outside a trading venue
(ii) Performance Share Plan (PSP) - Vesting of Awards Granted 25 July 2019
On 1st June 2022 the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 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 2019. In total 66% 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 31 May 2022 at a vesting price of GBP£17.563847
| Executive Director/PDMR | Gross Award of Shares | Accrued Dividend Shares | Total Shares vested at 66% | No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities | Award Shares transferred to Nominee |
| Gregor Alexander (Executive Director) |
103,991 | 21,002 | 82,493 | 40,771 | 41,722 |
| Alistair Phillips-Davies (Executive Director) | 153,763 | 31,056 | 121,977 | 59,061 | 62,916 |
| Martin Pibworth (Executive Director |
77,828 | 15,718 | 61,738 | 30,513 | 31,225 |
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
31 May 2022
f)
Place of transaction
Outside a trading venue
(iii) Leadership Share Plan (LSP) - Vesting of Awards Granted 25 July 2019
On 1st June 2022 the independent Trustee of the SSE Employee Trust notified the Company that it had on 31 May 2022 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 25 July 2019 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 2019. 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)
Sam Peacock (PDMR)
John Stewart (PDMR)
Elizabeth Tanner (PDMR)
Stephen Wheeler (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 31 May 2022 at a vesting price of GBP£17.563847
| Executive Director/PDMR | Gross Award of Shares | Accrued Dividend Shares | Total Shares vested at 100% | No. Shares sold at £17.563847 to meet income tax and National Insurance liabilities | Net Number of Shares transferred to Participant |
| Rob McDonald (PDMR) | 15,284 | 3,085 | 18,369 | 9,079 | 9,290 |
| Sam Peacock (PDMR) | 3,707 | 746 | 4,453 | 2,157 | 2,296 |
| John Stewart (PDMR) | 11,269 | 2,273 | 13,542 | 6,693 | 6,849 |
| Liz Tanner (PDMR) | 11,463 | 2,311 | 13,774 | 6,670 | 7,104 |
| Stephen Wheeler (PDMR) | 15,183 | 3,064 | 18,247 | 9,522 | 8,725 |
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
31 May 2022
f)
Place of transaction
Outside a trading venue
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