RNS Number : 4045D
Scottish & Southern Energy PLC
01 December 2009
TRANSACTIONS BY DIRECTORS AND PDMRS
DISCLOSURE PURSUANT TO DISCLOSURE AND TRANSPARENCY RULE 3.1.4R(1)(a)
UK SHARE INCENTIVE PLAN
The Company was notified on 30 November 2009 by HBOS Employee Equity Solutions, the provider of the all employee Share Incentive Plan ('SIP'), of the following purchases on 30 November 2009 in the Company's ordinary shares:-
(a) that 51,583 shares were purchased and allocated at £11.2115 per share using participating
employees' gross salary ('Partnership Shares').
(b) that the Company matched the Partnership Shares purchased by employees and allocated a
further 42,060 shares at £11.2115 per share ('Matching Shares'). The Company gives employees
2 Matching Shares for each Partnership Share bought by them up to a maximum of 6 Matching
Shares per employee, each month.
The purchase, referred to above, was made pursuant to a regular standing order instruction with HBOS Employee Equity Solutions for the monthly purchase of Partnership Shares.
The interests of Executive Directors/PDMRs of the Company in the transactions were as follows:
|
Director/PDMR
|
SIP Purchases
|
Total holding following notification
|
|
|
Number of Partnership Shares
|
Number of Matching Shares
|
|
|
Colin Hood
Director
|
11
|
6
|
56,758
|
|
Ian Marchant
Director
|
11
|
6
|
210,237
|
|
Alistair Phillips-Davies
Director
|
11
|
6
|
90,041
|
|
Gregor Alexander
Director
|
11
|
6
|
81,375
|
|
Mark Mathieson
PDMR
|
11
|
6
|
N/A
|
|
Adrian Pike
PDMR
|
11
|
6
|
N/A
|
|
Paul Smith
PDMR
|
11
|
6
|
N/A
|
This information is provided by RNS
The company news service from the London Stock Exchange
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