FOR IMMEDIATE RELEASE LEI: 213800QGNIWTXFMENJ24
9 May 2024
SSP Group plc
(the "Company")
Notification of transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company has been notified that on 7 May 2024 the persons set out in the table below, each being a PDMR, acquired ordinary shares of 117/200 pence in the capital of the Company ("Shares") under the Partnership Shares element of the Company's UK Share Incentive Plan ("UK SIP") at a price of £2.002 per Share and were also awarded Shares at nil consideration under the Matching Share element of the UK SIP.
| Name | Position | Partnership Shares | Matching Shares |
| Jonathan Davies | Deputy Group CEO & CFO | 63 | 31 |
| Kari Daniels | CEO - UK & Ireland | 75 | 37 |
| Jeremy Fennell | CEO - Nordics & Continental Europe | 75 | 38 |
The UK SIP is a share plan available to all of the Company's UK employees, subject to qualifying conditions. The UK SIP is administered by Computershare Trustees Limited, a UK incorporated company, who is the registered holder of the Shares.
Any dividends declared on Matching Shares or Partnership Shares held under the UK SIP, or dividends declared on shares held in a Computershare Share Plan Account are reinvested to purchase ordinary shares (referred to as "SIP Dividend Shares" or "SPA Dividend Shares" as applicable). Following the declaration of a Final Dividend for the year ended 30 September 2023, details of the reinvestment (including fractional entitlements to shares in accordance with the terms of the Computershare Share Plan Account), of SIP Dividend Shares and/or SPA Dividend Shares purchased by PDMRs are set out in the second table below.
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.
| 1 | Details of the persons discharging managerial responsibility | |||||||||||||
| a) | Name | 1. Jonathan Davies 2. Kari Daniels 3. Jeremy Fennell | ||||||||||||
| 2 | Reason for the notification | |||||||||||||
| a) | Position/status | 1. Deputy Group CEO & CFO 2. CEO - UK & Ireland 3. CEO - Nordics & 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 entity | SSP Group plc | ||||||||||||
| b) | Legal Entity Identifier Code | 213800QGNIWTXFMENJ24 | ||||||||||||
| 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 | Ordinary Shares of 117/200 pence | ||||||||||||
| b) | Identification Code | GB00BGBN7C04 | ||||||||||||
| c) | Nature of the transaction | Purchase of Partnership Shares and allocation of Matching Shares under the UK SIP. | ||||||||||||
| d) | Currency | GBP - British Pound | ||||||||||||
| e) | Price(s) and Volume(s) | Partnership Shares
Matching Shares
| ||||||||||||
| f) | Aggregated Information - Price - Volume - Total Price | Partnership Shares
Matching Shares
| ||||||||||||
| g) | Date of transaction | 7 May 2024 | ||||||||||||
| h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||
| 1 | Details of the persons discharging managerial responsibility | |||||||||||||
| a) | Name | 1. Patrick Coveney 2. Jonathan Davies 3. Mark Angela 4. Jeremy Fennell 5. Jonathan Robinson 6. Michael Svagdis | ||||||||||||
| 2 | Reason for the notification | |||||||||||||
| a) | Position/status | 1. Group CEO 2. Deputy Group CEO & CFO 3. Chief Business Development and Strategy Officer, CEO EEME 4. CEO - Nordics & Continental Europe 5. CEO - SSP Asia Pacific 6. CEO - SSP 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 entity | SSP Group plc | ||||||||||||
| b) | Legal Entity Identifier Code | 213800QGNIWTXFMENJ24 | ||||||||||||
| 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 | Ordinary Shares of 117/200 pence | ||||||||||||
| b) | Identification Code | GB00BGBN7C04 | ||||||||||||
| c) | Nature of the transaction | 1. Purchase of SIP Dividend Shares under the UK Share Incentive Plan
2. Purchase of SPA Dividend Shares under the Computershare Share Plan Account (including fractional entitlement as shown) | ||||||||||||
| d) | Currency | GBP - British Pound | ||||||||||||
| e) | Price(s) and Volume(s) | 1. SIP Dividend Shares
2. SPA Dividend Shares
| ||||||||||||
| f) | Aggregated Information - Price - Volume - Total Price | 1. SIP Dividend Shares
2. SPA Dividend Shares
| ||||||||||||
| g) | Date of transaction | 29 February 2024 | ||||||||||||
| h) | Place of transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||
For further information, please contact:
SSP Group plc
Fiona Scattergood, Group General Counsel & Company Secretary
Tel: +44 (0) 207 543 3404
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.