TIDMSSPG

RNS Number : 2790Z

SSP Group PLC

16 May 2019

FOR IMMEDIATE RELEASE

LEI: 213800QGNIWTXFMENJ24

16 May 2019

SSP Group plc

(the "Company")

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

The Company has been notified that the person set out in the table below, being a Person Discharging Managerial Responsibility (a "PDMR"), was granted awards taking the form of nil cost options ("Awards") to acquire ordinary shares of 1(17/200) pence each ("Shares") on the dates and at the prices set out below.

The number of Shares subject to the Awards has been determined by reference to the closing price of the Company's Shares on the day before the Awards were granted, being 696.50 pence per Share.

The vesting of the Awards is subject to a three year vesting period and the satisfaction of performance conditions measured over a three-year period from 1 October 2018 to 30 September 2021. 75% of the total Awards is based on earnings per share growth and 25% of the total Awards is based on relative Total Shareholder Return.

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.

 
 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                 SSP Group plc 
       entity 
     -------------------------------  ------------------------------------------------------------------ 
 b)   Legal Entity Identifier          213800QGNIWTXFMENJ24 
       Code 
     -------------------------------  ------------------------------------------------------------------ 
 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               Ordinary Shares of 1(17/200) pence 
       financial instrument, 
       type of instrument 
     -------------------------------  ------------------------------------------------------------------ 
 b)   Identification Code              GB00BGBN7C04 
     -------------------------------  ------------------------------------------------------------------ 
 c)   Nature of the transaction        Grant of Award over Shares under the 
                                        Company's Performance Share Plan 
     -------------------------------  ------------------------------------------------------------------ 
 d)   Currency                         GBP - British Pound 
     -------------------------------  ------------------------------------------------------------------ 
 e)   Price(s) and Volume(s)             Price(s) per share   Volume(s)           Aggregate Price 
                                                     GBP0                 21,081              GBP0 
                                                              ------------------  ---------------- 
     -------------------------------  ------------------------------------------------------------------ 
 f)   Aggregated Information             Price(s) per share   Volume(s)           Total Aggregate Price 
        *    Price                                   GBP0                 21,081              GBP0 
                                                              ------------------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ------------------------------------------------------------------ 
 g)   Date of transaction              16 May 2019 
     -------------------------------  ------------------------------------------------------------------ 
 h)   Place of transaction             London Stock Exchange, Main Market 
                                        (XLON) 
     -------------------------------  ------------------------------------------------------------------

For further information, please contact:

SSP Group plc

Helen Byrne, Company Secretary

Tel: +44 (0) 207 543 3404

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 rns@lseg.com or visit www.rns.com.

END

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