TIDMSSPG

RNS Number : 3770U

SSP Group PLC

22 November 2019

FOR IMMEDIATE RELEASE

LEI: 213800QGNIWTXFMENJ24

22 November 2019

SSP Group plc

(the "Company")

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

The Company has been notified that the persons set out in the tables below, each being a Person Discharging Managerial Responsibility (a "PDMR"), were granted awards taking the form of nil cost options or conditional share awards ("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 GBP6.3250 per Share.

The vesting of the Awards is subject to the satisfaction of performance conditions measured over a three-year period from 1 October 2019 to 30 September 2022. 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. Following exercise, the shares under the Awards issued to the Chief Executive Officer and Chief Financial Officer will be subject to a two year holding period (calculated from the date of vest) during which the PDMR will not be able to sell or otherwise transfer his shares, other than in very limited circumstances.

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                             Simon Smith 
     -------------------------------  ------------------------------------------------------------ 
 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                 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         205,533              GBP0 
                                                              -----------  ---------------- 
     -------------------------------  ------------------------------------------------------------ 
 f)   Aggregated Information             Price(s) per share   Volume(s)     Total Aggregate Price 
        *    Price                                   GBP0          205,533              GBP0 
                                                              ------------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ------------------------------------------------------------ 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ------------------------------------------------------------ 
 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                 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       110,893               GBP0 
                                                              ----------  ---------------- 
     -------------------------------  ---------------------------------------------------------- 
 f)   Aggregated Information             Price(s) per share   Volume(s)   Total Aggregate Price 
        *    Price                                   GBP0       110,893               GBP0 
                                                              ----------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ---------------------------------------------------------- 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ---------------------------------------------------------- 
 h)   Place of transaction             London Stock Exchange, Main Market 
                                        (XLON) 
     -------------------------------  ---------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibility 
 a)   Name                             Richard Lewis 
     -------------------------------  ---------------------------------------------------------- 
 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                 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       100,790               GBP0 
                                                              ----------  ---------------- 
     -------------------------------  ---------------------------------------------------------- 
 f)   Aggregated Information             Price(s) per share   Volume(s)   Total Aggregate Price 
        *    Price                                   GBP0       100,790               GBP0 
                                                              ----------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ---------------------------------------------------------- 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ---------------------------------------------------------- 
 h)   Place of transaction             London Stock Exchange, Main Market 
                                        (XLON) 
     -------------------------------  ---------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibility 
 a)   Name                             Mark Angela 
     -------------------------------  ----------------------------------------------------------- 
 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                 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           70,257              GBP0 
                                                              ------------  ---------------- 
     -------------------------------  ----------------------------------------------------------- 
 f)   Aggregated Information             Price(s) per share   Volume(s)    Total Aggregate Price 
        *    Price                                   GBP0          70,257              GBP0 
                                                              -----------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ----------------------------------------------------------- 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ----------------------------------------------------------- 
 h)   Place of transaction             London Stock Exchange, Main Market 
                                        (XLON) 
     -------------------------------  ----------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibility 
 a)   Name                             Jeremy Fennell 
     -------------------------------  ----------------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------------- 
 a)   Position/status                  CEO - Nordics 
     -------------------------------  ----------------------------------------------------------- 
 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           55,335              GBP0 
                                                              ------------  ---------------- 
     -------------------------------  ----------------------------------------------------------- 
 f)   Aggregated Information             Price(s) per share   Volume(s)    Total Aggregate Price 
        *    Price                                   GBP0          55,335              GBP0 
                                                              -----------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ----------------------------------------------------------- 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ----------------------------------------------------------- 
 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                 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         84,494              GBP0 
                                                              ----------  ---------------- 
     -------------------------------  ----------------------------------------------------------- 
 f)   Aggregated Information             Price(s) per share   Volume(s)    Total Aggregate Price 
        *    Price                                   GBP0          84,494              GBP0 
                                                              -----------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ----------------------------------------------------------- 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ----------------------------------------------------------- 
 h)   Place of transaction             London Stock Exchange, Main Market 
                                        (XLON) 
     -------------------------------  ----------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibility 
 a)   Name                             Oliver Dörschuck 
     -------------------------------  ----------------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------------- 
 a)   Position/status                  CEO - Continental Europe 
     -------------------------------  ----------------------------------------------------------- 
 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         65,028              GBP0 
                                                              ----------  ---------------- 
     -------------------------------  ----------------------------------------------------------- 
 f)   Aggregated Information             Price(s) per share   Volume(s)    Total Aggregate Price 
        *    Price                                   GBP0          65,028              GBP0 
                                                              -----------  ---------------------- 
 
        *    Volume 
 
 
       - Total Price 
     -------------------------------  ----------------------------------------------------------- 
 g)   Date of transaction              21 November 2019 
     -------------------------------  ----------------------------------------------------------- 
 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 rns@lseg.com or visit www.rns.com.

END

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