REG - SAGA Plc - Director/PDMR Shareholding
RNS Number : 0897JSAGA PLC14 August 201914 August 2019
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") on 12 August 2019.
Long Term Incentive Plan ("LTIP")
On 12 August 2019, the Company granted an award (in the form of nil-cost options) over Shares under the LTIP ("LTIP Award") as set out in column 3 of the table below. The number of Shares subject to the LTIP Award has been determined by reference to the mid-market price of a Share on Friday, 9 August 2019 (44.56 pence per Share).
In addition, the Company has granted market value options under the Company share option plan section of the LTIP ("CSOP options") over the number of Shares set out in column 4 of the table below. The exercise price of each CSOP option is 44.56 pence per Share, being the mid-market price of a Share on Friday 9 August 2019. The number of Shares that is capable of exercise under the LTIP Award will be reduced by such number of Shares as has a market value (at the date of exercise of the linked CSOP option) equal to the gain made on the exercise of the CSOP option. Overall, the participant's pre-tax economic gain from the LTIP Award is the same as if the CSOP option was not in place.
1. Name
2. Status
3. No of Shares subject to LTIP award
4. No. of Shares subject to CSOP Option
5. Lapse Date
James Quin
Director/PDMR
1,660,682
67,324
12 August 2029
Rob Allan
PDMR
320,466
N/A
12 August 2029
Stuart Beamish
PDMR
516,157
N/A
12 August 2029
Julius Christmas
PDMR
457,809
N/A
12 August 2029
Gary Duggan
PDMR
785,457
N/A
12 August 2029
Robin Shaw
PDMR
650,807
N/A
12 August 2029
Helen Webb
PDMR
201,974
N/A
12 August 2029
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
1. James Quin
2. Rob Allan
3. Stuart Beamish
4. Julius Christmas
5. Gary Duggan
6. Robin Shaw
7. Helen Webb
2
Reason for the notification
a)
Position/status
1. Director, Group Chief Financial Officer
2. PDMR
3. PDMR
4. PDMR
5. PDMR
6. PDMR
7. 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, type of instrument
Identification code
Ordinary shares of 1p
GB00BLT1Y088
b)
Nature of the transaction
Awards made pursuant to the Saga plc Long Term Incentive 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
1. 1,660,682
2. 320,466
3. 516,157
4. 457,809
5. 785,457
6. 650,807
7. 201,974
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
n/a
e)
Date of the transaction
12 August 2019
f)
Place of the transaction
Outside of trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Quin
2
Reason for the notification
a)
Position/status
Director, Group Chief Financial 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, type of instrument
Identification code
Ordinary shares of 1p
GB00BLT1Y088
b)
Nature of the transaction
CSOP Options- section of the LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
44.56p
67,324
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
n/a
e)
Date of the transaction
12 August 2019
f)
Place of the transaction
Outside of trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHLLFESTLISLIA
Recent news on Saga
See all newsREG - SAGA Plc - Total Voting Rights
AnnouncementREG - SAGA Plc - Issue of Equity
AnnouncementREG - SAGA Plc - Preliminary Results
AnnouncementREG - SAGA Plc - Trading Update
AnnouncementREG - SAGA Plc - Response to Media Coverage
Announcement