REG - SIG PLC - Director/PDMR Shareholding

SIGAnnouncement

22/03/2024 10:30

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RNS Number : 9776H  SIG PLC  22 March 2024

 

LEI:
213800VDC1BKJEZ8PV53
 
22 March 2024

 

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

 

 

SIG plc announces that on 21 March 2024, the following awards were granted
over the Company's Ordinary Shares of 10 pence each ("Shares") under the 2018
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
 Gavin Slark  Chief Executive Officer  234,128                                           £Nil
 Ian Ashton   Chief Financial Officer  121,359                                           £Nil

 

The 2018 SIG plc Bonus Plan provides that, in accordance with the Directors'
Remuneration Policy approved by shareholders in 2023, for each Executive
Director one-third of any annual bonus earned is to be deferred into Shares
(the "Deferred Share Awards").

 

The normal vesting date for the Deferred Share Awards will be 21 March 2027,
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.

 

No consideration was paid for the grant of the Deferred Share Awards which are
structured as nil cost options.

 

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

     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                      234,128
 d)  Aggregated information

     -     Aggregated volume                                      Not applicable - single transaction

     -     Price
 e)  Date of the transaction                                      21 March 2024
 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 Deferred Share Awards for nil consideration
 c)  Price(s) and volume(s)                                       Price(s)                     Volume(s)
                                                                  GBP Nil                      121,359
 d)  Aggregated information

     -     Aggregated volume                                      Not applicable - single transaction

     -     Price
 e)  Date of the transaction                                      21 March 2024
 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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