REG - SIG PLC - Director/PDMR Shareholding

SIGAnnouncement

15/03/2022 16:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220315:nRSO8771Ea&default-theme=true

RNS Number : 8771E  SIG PLC  15 March 2022

 

15 March 2022

 

 

SIG plc

("SIG" or the "Company")

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

 

 

LEI: 213800VDC1BKJEZ8PV53

 

SIG plc announces that on 14 March 2022, the following awards were granted
over the Company's Ordinary Shares of 10 pence each ("Shares") under the 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
 Stephen Francis  Chief Executive Officer  1,435,766                              £Nil
 Ian Ashton       Chief Financial Officer  997,060                                £Nil

 

The SIG plc Bonus Plan provides that, in accordance with the Directors'
Remuneration Policy approved by shareholders in 2020, for each Executive
Director one-third of his annual bonus earned up to 100% of his annual salary
is to be deferred into Shares and that all bonus earned above 100% of salary
is to be deferred into Shares (the "Deferred Share Awards"). SIG plc announces
that also on 14 March 2022, the following Deferred Share Awards were granted
to certain PDMRs.

 

 Name             Status                   Number of Shares under the Deferred Share Awards  Option Price
 Stephen Francis  Chief Executive Officer  889,340                                           £Nil
 Ian Ashton       Chief Financial Officer  403,107                                           £Nil

 

The RSP Awards and the Deferred Share Awards are together referred to as the
"Awards".

 

No consideration was paid for the grant of the Awards which are structured as
nil cost options. The number of Shares granted under the Awards has been
calculated using a price of 39.32 pence per Share.

 

The normal vesting date for the Awards will be 14 March 2025, being the third
anniversary of the award date. Once vested, the Awards will normally be
exercisable until the day before the tenth anniversary of the award date.
The Shares that are the subject of the Awards are subject to a further
two-year holding period commencing on vesting.

 

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                                                         Stephen Francis
 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  Ordinary shares of 10p

     Identification code

                                                                  ISIN:  GB0008025412
 b)  Nature of the transaction                                    Grant of nil cost option
 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
                                                                  GBP Nil                     2,325,106
 d)  Aggregated information

     -     Aggregated volume                                      Not applicable - single transaction

     -     Price
 e)  Date of the transaction                                      14 March 2022
 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                               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  Ordinary shares of 10p

     Identification code

                                                                  ISIN:  GB0008025412
 b)  Nature of the transaction                                    Grant of nil cost option
 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
                                                                  GBP Nil                     1,400,167
 d)  Aggregated information

     -     Aggregated volume                                      Not applicable - single transaction

     -     Price
 e)  Date of the transaction                                      14 March 2022
 f)  Place of the transaction                                     Outside a trading venue

 

 

 

Enquiries:

 

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

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHSFSFMIEESELD