REG - SIG PLC - Director/PDMR Shareholding

SIGAnnouncement

13/03/2023 16:00

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RNS Number : 7971S  SIG PLC  13 March 2023

 

13 March 2023

 

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

 

 

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 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
 Ian Ashton  Chief Financial Officer  505,572                                           £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").

 

The number of Shares granted under the Deferred Share Awards has been
calculated using a price of 40 pence per Share being the closing share price
on 9 March 2023. No consideration was paid for the grant of the Deferred Share
Awards which are structured as nil cost options.

 

The normal vesting date for the Deferred Share Awards will be 10 March 2026,
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. The Shares that are the subject of the Deferred Share
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                                                         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 Deferred Share Awards for nil consideration
 c)  Price(s) and volume(s)                                       Price(s)                     Volume(s)
                                                                  GBP Nil                      505,572
 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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