SSE.L

SSE Plc
SSE Plc - Director/PDMR Shareholding
11th June 2025, 15:15
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RNS Number : 4583M
SSE PLC
11 June 2025
 

SSE plc

Director/PDMR Shareholding

SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

(i)           Deferred Bonus Scheme (DBS) - Vesting of Awards Granted 22 July 2022

On 10 June 2025, the independent Trustee of the SSE Employee Trust notified the Company that it had on 6 June 2025 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, pursuant to awards granted on 22 July 2022 under the DBS including additional shares representing the value of reinvested dividends over the three-year period to the Directors/PDMRs listed in the table that follows.  Vesting of these shares was subject to continuous employment over the three-year period from date of grant (or as provided by the DBS Plan Rules).

 

 

 

1

 

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Alistair Phillips-Davies (Director)

Barry O'Regan (Director)

Martin Pibworth (Director)

Chris Burchell (PDMR)

Finlay McCutcheon (PDMR)

Rob McDonald (PDMR)

Sam Peacock (PDMR)

John Stewart (PDMR)

Elizabeth Tanner (PDMR)

Stephen Wheeler (PDMR)

 

2

 

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

 

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Deferred Bonus Scheme

c)

Price(s) and volume(s)

 

 

Vesting of awards granted under the SSE plc Deferred Bonus Scheme on 22 July 2022 at a vesting price of GBP£17.54615


 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares

 

No. Shares sold at £17.54615 to meet income tax and National Insurance liabilities

 

 

 

Net Number of Shares transferred to Participant

Alistair Phillips-Davies (Director)

21,604

3,132

24,736

11,667

13,069

Barry O'Regan (Director)

3,365

486

3,851

2,014

1,837

Martin Pibworth (Director)

12,739

1,846

14,585

7,319

7,266

Chris Burchell

(PDMR)

5,125

742

5,867

2,768

3,099

Finlay McCutcheon

(PDMR)

3,149

456

3,605

1,809

1,796

Rob McDonald

(PDMR)

5,121

742

5,863

2,942

2,921

Sam Peacock

(PDMR)

2,596

373

2,969

1,401

1,568

John Stewart

(PDMR)

3,176

458

3,634

1,824

1,810

Elizabeth Tanner

(PDMR)

3,912

566

4,478

2,113

 

2,365

Stephen Wheeler

(PDMR)

4,397

637

5,034

2,632

 

2,402

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

6 June 2025

f)

Place of transaction

Outside a trading venue

 

 

(ii)           Performance Share Plan (PSP) - Vesting of Awards Granted 22 July 2022


 On 10 June 2025 the independent Trustee of the SSE Employee Trust notified the Company that it had on 6 June 2025 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, pursuant to awards granted on 22 July 2022 under the PSP including additional shares representing the value of reinvested dividends over the three-year period to the Executive Directors listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2022.  In total 59% of the award vested for participants.  The vested shares (balance post-tax), known as "Award Shares" for Alistair Phillips-Davies and Martin Pibworth are subject to a further holding period and will be held under nominee in accordance with the PSP Rules.

 

 

 

1

 

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Alistair Phillips-Davies (Executive Director)

Martin Pibworth (Executive Director)

 

2

 

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

 

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Performance Share Plan.

c)

Price(s) and volume(s)

 

 

Vesting of awards granted under the SSE plc Performance Share Plan on 22 July 2022 at a vesting price of GBP£17.54615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares vested at 59%

No. Shares sold at £17.54615 to meet income tax and National Insurance liabilities

 

 

 

 

Award Shares transferred to Nominee

Alistair Phillips-Davies (Executive Director)

135,407

19,644

91,476

43,145

48,331

Martin Pibworth

(Executive Director)

83,928

12,174

56,697

28,449

 

28,248

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

6 June 2025

f)

Place of transaction

Outside a trading venue

 

 

 

(iii)          Leadership Share Plan (LSP) - Vesting of Awards Granted 22 July 2022

On 10 June 2025 the independent Trustee of the SSE Employee Trust notified the Company that it had on 6 June 2025 transferred the beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, pursuant to awards granted on 22 July 2022 under the LSP including additional shares representing the value of reinvested dividends over the three-year period to the PDMRs listed in the table that follows.  Vesting of these shares was subject to certain performance conditions being met at the end of the three-year performance period commencing 1 April 2022.  In total 79% of the award vested for participants.

 

 

 

1

 

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Barry O'Regan (Director)

Chris Burchell (PDMR)

Finlay McCutcheon (PDMR)

Rob McDonald (PDMR)

Sam Peacock (PDMR)

John Stewart (PDMR)

Elizabeth Tanner (PDMR)

Stephen Wheeler (PDMR)

 

2

 

Reason for the notification

a)

Position/status

As noted in 1a) above

b)

Initial notification/Amendment

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SSE plc

b)

LEI

549300KI75VYLLMSK856

 

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 Identification code

Ordinary shares of 50 pence each fully paid

ISIN: GB0007908733

b)

Nature of transaction

Vesting of Awards under the SSE plc Leadership Share Plan.

c)

Price(s) and volume(s)

 

 

Vesting of awards granted under the SSE plc Leadership Share Plan on 22 July 2022 at a vesting price of GBP£17.54615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Director/PDMR

Gross Award of Shares

 

 

 

 

 

 

Accrued Dividend Shares

 

 

 

 

 

Total Shares vested at 79%

 

 

 

 

No. Shares sold at £17.54615 to meet income tax and National Insurance liabilities

 

 

 

 

 

Net Number of Shares transferred to Participant

Barry O'Regan (Director)

13,864

2,009

12,537

6,555

5,982

Chris Burchell (PDMR)

26,643

3,863

24,096

11,365

12,731

Finlay McCutcheon (PDMR)

16,135

2,339

14,591

7,322

7,269

Rob McDonald (PDMR)

24,181

3,508

21,871

10,974

10,897

Sam Peacock (PDMR)

11,724

1,699

10,600

5,000

5,600

John Stewart (PDMR)

15,535

2,252

14,049

7,050

6,999

Liz Tanner (PDMR)

16,505

2,392

14,926

7,040

7,886

Stephen Wheeler (PDMR)

24,262

3,518

21,942

11,472

10,470

d)

Aggregated information

-      Aggregated volume

-      Price

 

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

6 June 2025

f)

Place of transaction

Outside a trading venue

 

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