REG - SIG PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">SHI.L</Origin>

SIGAnnouncement

18/09/2015 09:40

RNS Number : 4973Z
SIG PLC
18 September 2015
SIG plc
18 September 2015
Ordinary Shares of 10p each
SIG plc (the "Company") announces that on 17 September 2015 it granted awards in the UK over ordinary shares in the Company in connection with the SIG plc 2014 Long Term Incentive Plan ("LTIP").
Pursuant to DTR 3.1.4 and following notifications received on 17 September 2015 in fulfilment of the obligations imposed by DTR 3.1.2 we hereby announce that the following awards have been granted to PDMRs.
Director/PDMR
Position
2015 LTIP
Award
Exercise Price (pence)
Total number of shares over which awards now held
Mr S R Mitchell
Group Chief Executive
455,838
NIL
1,392,440




Mr D G Robertson
Group Finance Director
274,323
NIL
908,982




Mrs L H Kennedy-McCarthy
Group HR Director
142,977
NIL
287,207




Mr R T Barclay
Managing Director -
UK & Ireland
169,074
NIL
511,230




Mr M Pearson
Group Chief Information Officer
95,264
NIL
146,932




Mr L Lvovich
Corporate Development Director
103,429
NIL
103,429




The awards take the form of nil cost options, being an option under the LTIP, with a nil exercise price.
Subject to the rules of the LTIP and the satisfaction of the performance conditions detailed below, the earliest vesting date of the award is normally 16 September 2018.


The performance conditions subject to which the options have been granted are as follows:
1. Two thirds of the award is subject to a condition as to the average return on capital employed (ROCE) over the Performance Period (the "ROCE Tranche"). The period over which the ROCE performance condition will be measured will be the period of three financial years 31 December 2015, 2016 and 2017.
Average Return on Capital Employed (ROCE) for FY2015-2017
% of ROCE Tranche vesting
11% or less
Nil
Above 11% but less than 14%
Between 0% and 100% on a
straight-line basis
14% and above
100%
2. The remaining one third of the award is subject to a condition as to the cumulative underlying earnings per share (EPS) over the Performance Period (the "EPS Tranche"). The period over which the EPS performance condition will be measured will be the period of three financial years 31 December 2015, 2016 and 2017.
Cumulative Underlying EPS for
FY2015-2017
% of EPS Tranche vesting
Less than 38 pence
Nil
38 pence to 48 pence
25% to 100% on a
straight-line basis
Above 48 pence
100%
R C Monro
Company Secretary 0114 285 6355

This information is provided by RNS
The company news service from the London Stock Exchange
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