TIDMSSPG

RNS Number : 8672V

SSP Group PLC

05 December 2019

FOR IMMEDIATE RELEASE

LEI: 213800QGNIWTXFMENJ24

5 December 2019

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 2016 over ordinary shares of 1(17/200) 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") together with any notifications of transfers of Shares to persons closely associated with any PDMRs.

 
 Name of PDMR       Position           Number of              Number of 
                                        Shares acquired        Shares sold 
                                        on vesting/exercise    on vesting/exercise 
                                        of 2016 PSP            of 2016 PSP 
                                        Awards                 Awards 
                    Chief Executive 
 Simon Smith         Officer                 119,192                 56,737 
                   -----------------  ---------------------  --------------------- 
                    CEO - North 
 Michael Svagdis     America                 146,617                 71,026 
                   -----------------  ---------------------  --------------------- 
 

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                        Simon Smith 
     --------------------------  ------------------------------------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ------------------------------------------------------------------------------------- 
 b)   Initial                     Initial notification 
      notification/amendment 
     --------------------------  ------------------------------------------------------------------------------------- 
 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   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; 
                                   3. Transfer of legal title to shares 
                                   with no change in beneficial ownership; 
                                   and 
                                   4. Transfer of beneficial ownership 
                                   of shares to wife (Danielle Smith). 
     --------------------------  ------------------------------------------------------------------------------------- 
 d)   Currency                    GBP - British Pound 
     --------------------------  ------------------------------------------------------------------------------------- 
 e)   Price(s) and Volume(s)      Exercise: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP0                 119,192     GBP0 
                                                        ----------  ---------------- 
 
                                   Sale to discharge tax liabilities: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP6.573599          56,737      GBP372,966.29 
                                                        ----------  ---------------- 
 
                                   Transfer to nominee CREST account: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP0                 63,032      GBP0 
                                                        ----------  ---------------- 
 
                                   Transfer to wife: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP0                 228,995     GBP0 
                                                        ----------  ---------------- 
     --------------------------  ------------------------------------------------------------------------------------- 
 f)   Aggregated Information      Exercise: Price(s) per share   Volume(s)   Aggregate Price 
        *    Price                  GBP0                 119,192     GBP0 
                                                        ----------  ---------------- 
 
        *    Volume                Sale to discharge tax liabilities: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP6.573599          56,737      GBP372,966.29 
                                                        ----------  ---------------- 
       - Total Price 
 
 
                                   Transfer to nominee CREST account: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP0                 63,032      GBP0 
                                                        ----------  ---------------- 
 
                                   Transfer to wife: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP0                 228,995     GBP0 
                                                        ----------  ---------------- 
     --------------------------  ------------------------------------------------------------------------------------- 
 g)   Date of transaction         Exercise and Sale - 02/12/2019 
                                   Transfers - 04/12/2019 
     --------------------------  ------------------------------------------------------------------------------------- 
 h)   Place of transaction        London Stock Exchange, Main Market 
                                   (XLON) 
     --------------------------  ------------------------------------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibility/person 
       closely associated with PDMR 
 a)   Name                              Danielle Smith 
     --------------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                   The notification concerns a 
                                         person closely associated with 
                                         a person discharging managerial 
                                         responsibilities. The relevant 
                                         PDMR is Simon Smith (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           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 financial      Ordinary Shares of 1(17/200) 
       instrument, type of instrument    pence 
     --------------------------------  -------------------------------------- 
 b)   Identification Code               GB00BGBN7C04 
     --------------------------------  -------------------------------------- 
 c)   Nature of the transaction         Transfer of the beneficial ownership 
                                         of shares from husband (Simon 
                                         Smith). 
     --------------------------------  -------------------------------------- 
 d)   Currency                          GBP - British Pound 
     --------------------------------  -------------------------------------- 
 e)   Price(s) and Volume(s)              Price(s)   Volume(s)   Aggregated 
                                                                   Price 
                                           GBP0.00    228,995     GBP0.00 
                                                     ----------  ----------- 
     --------------------------------  -------------------------------------- 
 f)   Aggregated Information              Price(s)   Volume(s)   Aggregated 
        *    Price                                                 Price 
                                           GBP0.00    228,995     GBP0.00 
                                                     ----------  ----------- 
        *    Volume 
 
 
        *    Total 
     --------------------------------  -------------------------------------- 
 g)   Date of transaction               04/12/2019 
     --------------------------------  -------------------------------------- 
 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                     Initial notification 
      notification/amendment 
     --------------------------  ------------------------------------------------------------------------------------- 
 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         1. Vesting of Share award under the 
                                         Company's Performance Share Plan (PSP); 
                                         and 
                                         2. Sale of Shares acquired on the vesting 
                                         of an Award under the PSP to discharge 
                                         tax liabilities arising on such vesting. 
     --------------------------  ------------------------------------------------------------------------------------- 
 d)   Currency                    GBP - British Pound 
     --------------------------  ------------------------------------------------------------------------------------- 
 e)   Price(s) and Volume(s)      Vesting: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP0                 146,617     GBP0 
                                                        ----------  ---------------- 
 
                                   Sale to discharge tax liabilities: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP 6.5077           71,026      GBP 462,215.90 
                                                        ----------  ---------------- 
     --------------------------  ------------------------------------------------------------------------------------- 
 f)   Aggregated Information      Vesting: Price(s) per share   Volume(s)   Total Aggregate Price 
        *    Price                  GBP0                 146,617     GBP0 
                                                        ----------  ---------------------- 
 
        *    Volume                Sale to discharge tax liabilities: Price(s) per share   Volume(s)   Aggregate Price 
                                    GBP 6.5077           71,026      GBP 462,215.90 
                                                        ----------  ---------------- 
       - Total Price 
     --------------------------  ------------------------------------------------------------------------------------- 
 g)   Date of transaction         Vest and Sale - 02/12/2019 
     --------------------------  ------------------------------------------------------------------------------------- 
 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

DSHEADASESSNFFF

(END) Dow Jones Newswires

December 05, 2019 08:59 ET (13:59 GMT)

Grafico Azioni Ssp (LSE:SSPG)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Ssp
Grafico Azioni Ssp (LSE:SSPG)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Ssp