Director/PDMR Shareholding

SIG

28/03/2025 17:03

RNS Number : 7736C

SIG PLC

28 March 2025

 

 

LEI: 213800VDC1BKJEZ8PV53                                                                                                             28 March 2025

 

SIG plc

 

("SIG" or the "Company")

 

Notification and public disclosure of Deferred Share 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 2018 SIG plc Bonus Plan to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.

 

Name
Status
Number of Shares under the Deferred Share Awards
Option Price
Gavin Slark
Chief Executive Officer
370,184
£Nil
Ian Ashton
Chief Financial Officer
188,128
£Nil

 

The 2018 SIG plc Bonus Plan provides that, in accordance with the Directors' Remuneration Policy approved by shareholders in 2023, for each Executive Director one-third of any annual bonus earned is to be deferred into Shares (the "Deferred Share Awards").

 

The normal vesting date for the Deferred Share Awards will be 27 March 2028, being the third anniversary of the award date. Once vested, the Deferred Share Awards will normally be exercisable until the day before the tenth anniversary of the award date. 

 

No consideration was paid for the grant of the Deferred Share 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 Deferred Share Awards for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP Nil
370,184
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 Deferred Share Awards for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP Nil
188,128
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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