Director/PDMR Shareholding

SIG

28/03/2025 16:59

RNS Number : 7721C

SIG PLC

28 March 2025

 

LEI: 213800VDC1BKJEZ8PV53                                                                                                             28 March 2025

                                                                                 

 

SIG plc

 

("SIG" or the "Company")

 

Notification and public disclosure of Restricted Share Plan Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

                                                                                                                                                               

SIG plc announces that on 27 March 2025, the following awards were granted over the Company's Ordinary Shares of 10 pence each ("Shares") under the 2020 SIG plc Restricted Share Plan ("RSP") to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company (the "RSP Awards").

 

Name
Status
Number of Shares under the RSP Awards
Option Price
Gavin Slark
Chief Executive Officer
6,194,315
£Nil
Ian Ashton
Chief Financial Officer
3,022,066
£Nil

 

The normal vesting date for the RSP Awards will be 27 March 2028, 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 Shares that are the subject of the RSP Awards are subject to a further two-year holding period commencing on vesting. 

 

No consideration was paid for the grant of the RSP Awards which are structured as nil cost options.

 

This announcement and the following disclosures are made in accordance with Article 19 of the UK Market Abuse Regulation.

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Gavin Slark
2
Reason for the notification
a)
Position/status
PDMR (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
SIG plc
b)
LEI
213800VDC1BKJEZ8PV53
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 10p
ISIN: GB0008025412
b)
Nature of the transaction
Grant of Restricted Share Plan Awards for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP Nil
6,194,315
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
27 March 2025
f)
Place of the transaction
Outside a trading venue

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Ian Ashton
2
Reason for the notification
a)
Position/status
PDMR (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
SIG plc
b)
LEI
213800VDC1BKJEZ8PV53
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 10p
ISIN: GB0008025412
b)
Nature of the transaction
Grant of Restricted Share Plan Awards for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP Nil
3,022,066
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
27 March 2025
f)
Place of the transaction
Outside a trading venue

 

 

Enquiries:

 

SIG plc
Andrew Watkins
Group General Counsel & Company Secretary
+44 (0) 114 285 6300


 

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