SSP Group PLC

Transaction in Own Shares • Apr 15, 2025

National Storage Mechanism | Additional information

RNS Number : 1576F

SSP Group PLC

15 April 2025

FOR IMMEDIATE RELEASE                                                                                                 LEI: 213800QGNIWTXFMENJ24

15 April 2025

SSP Group plc

(the "Company")

Notification of transactions by a Person Discharging Managerial Responsibility ("PDMR")

The Company announces that the person set out in the table below, being a Person Discharging Managerial Responsibility (a "PDMR"), has transacted in ordinary shares of 117/200 pence nominal value in the capital of the Company (the "Shares"). 

On 11 April 2025 the Group CEO transacted in Shares following the automatic vesting of an award granted under the Company's Long Term Incentive Plan (the "LTIP") for FY22 (the "FY22 Award") and an award granted under the LTIP in respect of a bonus which he forfeited on recruitment (the "Buy-out Award").   

Following the sale of Shares to settle the withholding tax liability, the outstanding 185,704 Shares acquired on the vesting of the FY22 Award remain subject to a two-year holding period.

The relevant notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.

For further information, please contact:

SSP Group plc

Fiona Scattergood, Group General Counsel & Company Secretary                   

1

Details of the person discharging managerial responsibility

a)

Name

Patrick Coveney

2

Reason for the notification

a)

Position/status

Group 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 17/200  pence 

b)

Identification Code

GB00BGBN7C04

c)

Nature of the transaction

1.   The automatic vesting of shares under the Company's Long Term Incentive Plan (LTIP); and

2.   Sale of Shares acquired on the vesting of awards under the LTIP to discharge tax liabilities arising on such vesting.

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

1.     Vest:

Price(s) per share	Volume(s)
£0	461,693

2.     Sale to discharge tax liabilities:

Price(s) per share	Volume(s)
£1.39	217,595

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

1.     Vest:

Price(s) per share	Volume(s)	Aggregate Price
£0	461,693	£0

2.     Sale to discharge tax liabilities:

Price(s) per share	Volume(s)	Aggregate Price
£1.39	217,595	£302,499.70

g)

Date of transaction

Vest and sale - 11 April 2025

h)

Place of transaction

London Stock Exchange, Main Market (XLON)

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