REG - SIG PLC - Director/PDMR Shareholding

SIGAnnouncement

13/03/2023 15:45

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RNS Number : 7964S  SIG PLC  13 March 2023

 

13 March 2023

 

 

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

 

 

LEI: 213800VDC1BKJEZ8PV53

SIG plc announces that on 10 March 2023, 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
 Gavin Slark  Chief Executive Officer  2,112,015                              £Nil
 Ian Ashton   Chief Financial Officer  1,030,403                              £Nil

 

The number of Shares granted under the RSP Awards has been calculated using a
price of 39.95 pence per Share being the closing share price on 8 March 2023.
No consideration was paid for the grant of the RSP Awards which are structured
as nil cost options.

 

The normal vesting date for the RSP Awards will be 10 March 2026, 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.

 

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  Ordinary shares of 10p each in SIG plc

     Identification code

                                                                  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                         2,112,015
 d)  Aggregated information

     -     Aggregated volume                                      Not applicable - single transaction

     -     Price
 e)  Date of the transaction                                      10 March 2023
 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  Ordinary shares of 10p

     Identification code

                                                                  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                         1,030,403
 d)  Aggregated information

     -     Aggregated volume                                      Not applicable - single transaction

     -     Price
 e)  Date of the transaction                                      10 March 2023
 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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