REG - SAGA Plc - Director/PDMR Shareholding

SagaAnnouncement

25/06/2020 17:20

RNS Number : 1404R
  
SAGA PLC
  
25 June 2020
  
 

25 June 2020
 
 
SAGA PLC ("THE COMPANY") - DIRECTOR/PDMR SHAREHOLDING
 
Pursuant to the notification obligations under Article 19 of the Market Abuse Regulation, the Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of 1 pence each in the Company ("Shares").
 
GRANT OF AWARDS UNDER THE SAGA PLC 2020 RESTRICTED SHARE PLAN
On 24 June 2020, the following awards were granted over the Company's Shares under the Saga plc 2020 Restricted Share Plan (the "RSP") to certain directors / PDMRs of the Company.
 



Name


Status


Number of Ordinary Shares under RSP Award


Award Price 




Euan Sutherland


Director / PDMR 


2,716,186


£ Nil




James Quin


Director / PDMR


1,333,148


£ Nil




Cheryl Agius


Director / PDMR


1,133,037


£ Nil




Stuart Beamish


PDMR


509,977


£ Nil




Julius Christmas


PDMR


452,328


£ Nil




Nicholas Stace


PDMR


554,323


£ Nil




Jane Storm


PDMR


665,188


£ Nil




Helen Webb


PDMR


443,458


£ Nil



 
No consideration was paid for the grant of the RSP Awards which are structured as nil cost options. The number of Ordinary Shares granted under each RSP Award has been calculated using an Ordinary Share price of 18.04 pence per share being the MMQ of a share for the dealing day preceding the date of grant.
The normal vesting date of the RSP Awards will be 24 June 2023, being the third anniversary of the award date. Once vested, the RSP Awards will normally be exercisable until the day before the tenth anniversary of the award date.  The RSP Awards are subject to a two-year holding period commencing on vesting.
The RSP Awards will ordinarily vest after three years subject to the grantee's continued service and a discretionary underpin that allows the Remuneration Committee to make adjustments to the level of vesting if the Committee believes due to business performance, individual performance or wider Company considerations that the vesting should be adjusted.  This will include consideration of all relevant factors, including any windfall gains.
 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


1.    Euan Sutherland
2.    James Quin
3.    Cheryl Agius
4.    Stuart Beamish
5.    Julius Christmas
6.    Nicholas Stace
7.    Jane Storm
8.    Helen Webb




2.


Reason for the notification




a)


Position / status 


1.    Director, Group Chief Executive Officer
2.    Director, Group Chief Financial Officer
3.    Director, CEO of Insurance
4.    PDMR
5.    PDMR
6.    PDMR
7.    PDMR
8.    PDMR




b)


Initial notification / amendment


Initial notification




3.


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




a)


Name


 Saga plc




b)


LEI


 2138004WWUJN94K2LH95




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 
Identification code


 Ordinary shares of 1 pence
 




GB00BLT1Y088




b)


Nature of transaction


Grant of nil cost option under the Saga plc 2020 Restricted Share Plan




c) 


Price(s) and volume(s)


Price(s)
 


Volume(s)




1.   £nil
2.   £nil
3.   £nil
4.   £nil
5.   £nil
6.   £nil
7.   £nil
8.   £nil


2,716,186
1,333,148
1,133,037
509,977
452,328
554,323
665,188
443,458




d)


Aggregated information 
-     Aggregated volume 
-     Price 


 
N/A




e) 


Date of the transaction


 24 June 2020




f)


Place of the transaction 


 Outside of trading venue



 
 
 


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