SSP Group PLC — Director's Dealing 2018

Mar 1, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4657G

SSP Group PLC

01 March 2018

FOR IMMEDIATE RELEASE                                                                                 LEI: 213800QGNIWTXFMENJ24

1 March 2018

SSP Group plc

(the "Company")

Notification of transaction by a Person Discharging Managerial Responsibility ("PDMR") in connection with the Vesting and Exercise of Awards under the Performance Share Plan ("PSP")

The Company today makes the following announcement regarding the vesting and exercise of the first PSP awards granted following the IPO in 2014 over ordinary shares of 1p in the capital of the Company (the "Shares") held by certain of its PDMRs under the PSP (the "PSP Awards").  Full details of the PSP Awards are included in SSP's 2017 Annual Report:

Name of PDMR	Position	Number of Shares acquired on vesting/exercise of PSP Awards	Number of Shares sold on vesting/exercise of PSP Awards	Total number of Shares held following sale*
Kate Swann	Chief Executive Officer	742,617	742,617	4,604,035
Jonathan Davies	Chief Financial Officer	247,538	118,998	1,438,940
Simon Smith	CEO - UK & Ireland	201,125	96,686	923,243
Michael Svagdis	CEO - America	226,945	111,510	115,435
Nick Inkster	CEO - Nordics & Spain	191,842	92,223	362,821
Christopher Rayner	CEO - Asia Pacific	134,711	0	920,610

*not including unvested/unexercised awards under the PSP. This does include issued Shares held in the Company's UK and International Share Incentive Plans but not any Matching Awards relating to unissued Shares in the case of the Company's International Share Incentive Plan.

The notification of dealing forms for each PDMR can be found below.

This announcement, including the notifications below, is made in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

For further information, please contact:

SSP Group plc

Helen Byrne, Company Secretary                   

Tel:  +44 (0) 207 543 3404

1

Details of the person discharging managerial responsibility

a)

Name

Kate Swann

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3

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

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

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

Ordinary Shares of 1 pence

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and

2.      Sales of Shares acquired on the exercise of an Award under the Company's Performance Share Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share	Volume(s)	Aggregate Price
£0	742,617	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.145971	742,617	£4,564,102.55

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share	Volume(s)	Total Aggregate Price
£0	742,617	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.145971	742,617	£4,564,102.55

g)

Date of transaction

28 February 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibility

a)

Name

Jonathan Davies

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/amendment

Initial notification

3

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

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

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

Ordinary Shares of 1 pence

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and

2.      Sales of Shares acquired on the exercise of an Award under the Company's Performance Share Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share	Volume(s)	Aggregate Price
£0	247,538	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.002401	118,998	£714,273.71

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share	Volume(s)	Total Aggregate Price
£0	247,538	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.002401	118,998	£714,273.71

g)

Date of transaction

1 March 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibility

a)

Name

Simon Smith

2

Reason for the notification

a)

Position/status

CEO - UK & Ireland

b)

Initial notification/amendment

Initial notification

3

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

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

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

Ordinary Shares of 1 pence

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and

2.      Sales of Shares acquired on the exercise of an Award under the Company's Performance Share Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share	Volume(s)	Aggregate Price
£0	201,125	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.006501	96,686	£580,744.56

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share	Volume(s)	Total Aggregate Price
£0	201,125	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.006501	96,686	£580,744.56

g)

Date of transaction

1 March 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibility

a)

Name

Michael Svagdis

2

Reason for the notification

a)

Position/status

CEO - America

b)

Initial notification/amendment

Initial notification

3

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

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

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

Ordinary Shares of 1 pence

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

1.      Vesting of an Award to receive Shares under the Company's Performance Share Plan; and

2.      Sales of Shares received on the vesting of an Award under the Company's Performance Share Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Vesting:

Price(s) per share	Volume(s)	Aggregate Price
£0	226,945	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.247515	111,510	£696,660.40

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Vesting:

Price(s) per share	Volume(s)	Total Aggregate Price
£0	226,945	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.247515	111,510	£696,660.40

g)

Date of transaction

27 February 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibility

a)

Name

Nick Inkster

2

Reason for the notification

a)

Position/status

CEO - Nordics & Spain

b)

Initial notification/amendment

Initial notification

3

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

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

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

Ordinary Shares of 1 pence

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

1.      Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and

2.      Sales of Shares acquired on the exercise of an Award under the Company's Performance Share Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share	Volume(s)	Aggregate Price
£0	191,842	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.008401	92,223	£554,112.77

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share	Volume(s)	Total Aggregate Price
£0	191,842	£0

Sale:

Price(s) per share	Volume(s)	Aggregate Price
£6.008401	92,223	£554,112.77

g)

Date of transaction

1 March 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibility

a)

Name

Christopher Rayner

2

Reason for the notification

a)

Position/status

CEO - Asia Pacific

b)

Initial notification/amendment

Initial notification

3

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

a)

Full name of the entity

SSP Group plc

b)

Legal Entity Identifier Code

213800QGNIWTXFMENJ24

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

Ordinary Shares of 1 pence

b)

Identification Code

GB00BNGWY422

c)

Nature of the transaction

Exercise of an Award to acquire Shares under the Company's Performance Share Plan.

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

Exercise:

Price(s) per share	Volume(s)	Aggregate Price
£0	134,711	£0

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

Exercise:

Price(s) per share	Volume(s)	Total Aggregate Price
£0	134,711	£0

g)

Date of transaction

27 February 2018

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEAXDFESXPEFF