SSP Group PLC Director/PDMR Shareholding (1639W)
April 13 2023 - 11:00AM
UK Regulatory
TIDMSSPG
RNS Number : 1639W
SSP Group PLC
13 April 2023
FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
13 April 2023
SSP Group plc
(the "Company")
Notification of transactions by a Person Discharging Managerial
Responsibility ("PDMR")
The Company makes the following announcement regarding the
automatic vesting on 11 April 2023 of a buy-out award made under
the Company's Restricted Share Plan (the "RSP") over ordinary
shares of 1(17/200) pence nominal value in the capital of the
Company (the "Shares") to the Group CEO on 11 April 2022 as part of
his recruitment arrangements. Details of the award are set out in
the Company's 2022 Annual Report and details of the vesting,
including the sale of Shares on behalf of the Group CEO to settle
his withholding tax liability in relation to the same, are as set
out in the table below. The award was settled using Shares held in
the Company's employee benefit trust.
Name of Position Number of Number of Net number of
PDMR Shares acquired Shares sold Shares held post
on vesting to cover tax sale to cover
and costs tax and costs
Group Chief
Executive
Patrick Coveney Officer 41,469 19,545 21,924
------------- ----------------- -------------- -----------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the UK version of
the EU Market Abuse Regulation which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018.
For further information, please contact:
SSP Group plc
Fiona Scattergood
Group General Counsel & Company Secretary
Tel: +44 (0) 207 543 3305
Details of the person discharging managerial responsibility
1
a) Name Patrick Coveney
------------------------------- ----------------------------------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief Executive Officer
------------------------------- ----------------------------------------------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- ----------------------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------------
a) Full name of the SSP Group plc
entity
------------------------------- ----------------------------------------------------------------------------
b) Legal Entity Identifier 213800QGNIWTXFMENJ24
Code
------------------------------- ----------------------------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GB00BNGWY422
------------------------------- ----------------------------------------------------------------------------
c) Nature of the transaction 1. The acquisition of shares on the automatic
vesting of an award under the Company's
Restricted Share Plan (RSP); and
2. The automatic sale of shares acquired
on the vesting of an award under the RSP
to settle income tax/national insurance
liabilities and costs arising on such
vesting.
------------------------------- ----------------------------------------------------------------------------
d) Currency GBP - British Pound
------------------------------- ----------------------------------------------------------------------------
e) Price(s) and Volume(s) 1. Vest: Price(s) per Volume(s)
share
GBP0 41,469
----------
2. Sale to discharge tax liabilities: Price(s) per Volume(s)
share
GBP2.472 19,545
----------
------------------------------- ----------------------------------------------------------------------------
f) Aggregated Information 1. Vest: Price(s) per Volume(s) Aggregate
* Price share Price
GBP0 41,469 GBP0
---------- ----------
* Volume
2. Sale to discharge tax liabilities: Price(s) per Volume(s) Aggregate
share Price
- Total Price GBP2.472 19,545 GBP48,315.24
---------- -------------
------------------------------- ----------------------------------------------------------------------------
g) Date of transaction 1. Vest - 11 April 2023
2. Sale - 12 April 2023
------------------------------- ----------------------------------------------------------------------------
h) Place of transaction London Stock Exchange, Main Market (XLON)
------------------------------- ----------------------------------------------------------------------------
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