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SSP Group PLC — Director's Dealing 2018
Nov 29, 2018
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Director's Dealing
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RNS Number : 9686I
SSP Group PLC
29 November 2018
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
29 November 2018
SSP Group plc
(the "Company")
Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs") 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 PSP awards granted in 2015 over ordinary shares of 11/30 pence nominal value (1 pence at the time of grant) in the capital of the Company (the "Shares") held by certain of its PDMRs under the PSP (the "PSP Awards"). Details of the PSP Awards are included in SSP's 2018 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 | 516,127 | 245,682 | 4,726,321 |
| Jonathan Davies | Chief Financial Officer | 172,040 | 81,893 | 1,483,027 |
| Simon Smith | CEO - UK & Ireland | 139,782 | 66,538 | 767,014 |
| Michael Svagdis | CEO - North America | 142,182 | 135,978 | 123,410 |
| Nick Inkster | CEO - Nordics & Spain | 133,331 | 63,467 | 425,722 |
| Christopher Rayner | CEO - Asia Pacific | 93,624 | - | 890,190 |
*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 11/30 pence
b)
Identification Code
GB00BFWK4V16
c)
Nature of the transaction
1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP);
2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise; and
3. Transfer of legal title to shares received on the exercise of an Award under the PSP (post sell to cover transaction) to a nominee CREST account.
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Exercise:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 516,127 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.464674 | 245,682 | £1,588,254.04 |
Transfer to nominee CREST account:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 270,445 | £0 |
f)
Aggregated Information
- Price
- Volume
- Total Price
Exercise:
| Price(s) per share | Volume(s) | Total Aggregate Price |
| £0 | 516,127 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.464674 | 245,682 | £1,588,254.04 |
Transfer to nominee CREST account:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 270,445 | £0 |
g)
Date of transaction
Exercise and Sale - 27 November 2018
Transfer - 29 November 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 11/30 pence
b)
Identification Code
GB00BFWK4V16
c)
Nature of the transaction
1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and
2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Exercise:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 172,040 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.485 | 81,893 | £531,076.11 |
f)
Aggregated Information
- Price
- Volume
- Total Price
Exercise:
| Price(s) per share | Volume(s) | Total Aggregate Price |
| £0 | 172,040 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.485 | 81,893 | £531,076.11 |
g)
Date of transaction
27 November 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 11/30 pence
b)
Identification Code
GB00BFWK4V16
c)
Nature of the transaction
1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan (PSP); and
2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Exercise:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 139,782 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.216 | 66,538 | £413,600.21 |
f)
Aggregated Information
- Price
- Volume
- Total Price
Exercise:
| Price(s) per share | Volume(s) | Total Aggregate Price |
| £0 | 139,782 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.216 | 66,538 | £413,600.21 |
g)
Date of transaction
28 November 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 - North 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 11/30 pence
b)
Identification Code
GB00BFWK4V16
c)
Nature of the transaction
1. Vesting of an Award to acquire Shares under the Company's Performance Share Plan (PSP);
2. Sale of Shares acquired on the vesting of an Award under the PSP to discharge tax liabilities arising on such vesting; and
3. Sale of Shares acquired on the vesting of an Award under the PSP
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Vesting:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 142,182 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.484599 | 68,978 | £447,294.67 |
Sale:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.207162 | 67,000 | £415,879.86 |
f)
Aggregated Information
- Price
- Volume
- Total Price
Vesting:
| Price(s) per share | Volume(s) | Total Aggregate Price |
| £0 | 142,182 | £0 |
Sale to discharge tax liabilities:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.484599 | 68,978 | £447,294.67 |
Sale:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.207162 | 67,000 | £415,879.86 |
g)
Date of transaction
Vesting - 27 November 2018
Sale to discharge tax liabilities - 27 November 2018
Sale - 28 November 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 11/30 pence
b)
Identification Code
GB00BFWK4V16
c)
Nature of the transaction
1. Exercise of an Award to acquire Shares under the Company's Performance Share Plan; and
2. Sale of Shares acquired on the exercise of an Award under the PSP to discharge tax liabilities arising on such exercise
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Exercise:
| Price(s) per share | Volume(s) | Aggregate Price |
| £0 | 133,331 | £0 |
Sale:
| Price(s) per share | Volume(s) | Aggregate Price |
| £ 6.2419 | 63,467 | £396,154.67 |
f)
Aggregated Information
- Price
- Volume
- Total Price
Exercise:
| Price(s) per share | Volume(s) | Total Aggregate Price |
| £0 | 133,331 | £0 |
Sale:
| Price(s) per share | Volume(s) | Aggregate Price |
| £6.2419 | 63,467 | £396,154.67 |
g)
Date of transaction
28 November 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 11/30 pence
b)
Identification Code
GB00BFWK4V16
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 | 93,624 | £0 |
f)
Aggregated Information
- Price
- Volume
- Total Price
Exercise:
| Price(s) per share | Volume(s) | Total Aggregate Price |
| £0 | 93,624 | £0 |
g)
Date of transaction
27 November 2018
h)
Place of transaction
London Stock Exchange, Main Market (XLON)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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