REG - SIG PLC - Director/PDMR Shareholding

SIGAnnouncement

22/03/2019 08:55

RNS Number : 7103T
SIG PLC
22 March 2019
 


 
22 March 2019
 
 
SIG plc
("SIG" or the "Company")
Notification and public disclosure of LTIP Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
 
 
LEI: 213800VDC1BKJEZ8PV53
 
 
The Company announces the following dealings in the Company's ordinary shares of 10p each ("Shares") undertaken by directors/persons discharging managerial responsibility ("PDMR").
 
On 21 March 2019, the Company granted the following awards under the terms of the SIG plc 2018 Long Term Incentive Plan ("LTIP"). The awards will vest at the end of a three-year period depending on the achievement of performance targets, and are then subject to a further two-year holding period.  The awards take the form of nil cost options, being an option under the LTIP, with a nil exercise price.
 
Name                             Status                          No. of shares under award
Meinie Oldersma            Director                        1,192,148
Group Chief Executive
           
Nick Maddock                 Director                        766,528
Chief Financial Officer
 
 
This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.           
 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Meinie Oldersma




2


Reason for the notification




a)


Position/status


PDMR (Chief Executive Officer)




b)


Initial notification/Amendment


This is an 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 an award under the SIG plc 2018 Long Term Incentive Plan as a nil cost option over shares.  Subject to performance criteria and continued service, normally vests after 3 years and subject to a further 2 year holding period




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


GBP Nil


1,192,148




d)


Aggregated information
-     Aggregated volume
-     Price


 
Not applicable - single transaction




e)


Date of the transaction


21 March 2019




f)


Place of the transaction


Outside a trading venue




 
 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Nick Maddock




2


Reason for the notification




a)


Position/status


PDMR (Chief Financial Officer)




b)


Initial notification/Amendment


This is an 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 an award under the SIG plc 2018 Long Term Incentive Plan as a nil cost option over shares.  Subject to performance criteria and continued service, normally vests after 3 years and subject to a further 2 year holding period




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


GBP Nil


766,528




d)


Aggregated information
-     Aggregated volume
-     Price


 
Not applicable - single transaction




e)


Date of the transaction


21 March 2019




f)


Place of the transaction


Outside a trading venue




 
 
 
Enquiries:
 




 


 


 




SIG plc


 


 




Richard Monro


Group Company Secretary


+44 (0) 114 285 6300




 




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