REG - SAGA Plc - Director/PDMR Shareholding

SagaAnnouncement

13/06/2023 17:00

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RNS Number : 6015C  SAGA PLC  13 June 2023

13 JUNE 2023

 

 

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 15 pence each in the Company (Shares).

 

GRANT OF AWARDS UNDER THE SAGA PLC 2023 RESTRICTED SHARE PLAN

On 12 June 2023, the following awards were granted over the Company's Shares
under the Saga plc 2023 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  343,299                                    £ Nil
 James Quin       Director / PDMR  176,602                                    £ Nil
 Steve Kingshott  Director/PDMR    141,418                                    £ 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 the historic Ordinary Share price on 12 July
2022 of 174.8 pence per share which was used for the July 2022 Restricted
Share Plan award.

The normal vesting date of the RSP Awards will be 12 June 2026, 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.    Steve Kingshott
 2.  Reason for the notification
 a)  Position / status                        1.    Director, Group Chief Executive Officer

                                              2.    Director, Group Chief Financial Officer

                                              3.    Director, Saga Insurance Chief Executive Officer
 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   Ordinary shares of 15 pence

     Identification code
                                              GB00BMX64W89
 b)  Nature of transaction                    Grant of nil cost option under the Saga plc 2023 Restricted Share Plan
 c)  Price(s) and volume(s)                   Price(s)                              Volume(s)

     1.   £nil                                                                      343,299

     2.   £nil                                                                      176,602

     3.   £nil                                                                      141,418
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                   12 June 2023
 f)  Place of the transaction                  Outside of trading venue

 

 

 

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