SAGA PLC Director/PDMR Shareholding
July 09 2024 - 8:00AM
RNS Regulatory News
RNS Number : 7194V
SAGA PLC
09 July 2024
9
July 2024
Saga plc (the Company) -
Director/PDMR Shareholding
Pursuant to the notification
obligations under Article 19 of the Market Abuse Regulation, the
Company hereby notifies the following changes in the interests of
directors and persons discharging managerial responsibility
(PDMRs) in Ordinary Shares
of 15 pence each in the Company (Shares).
Grant of Awards under the Saga plc Restricted Share Plan
(RSP)
On 8 July 2024, the Company granted awards (in the form of nil-cost options)
over Shares under the Saga plc RSP as set out in column 3 of the
below table.
1. Name
|
2. Status
|
3. No of
Shares
|
Mike
Hazell
|
Director/PDMR
|
430,879
|
Mark
Watkins
|
Director/PDMR
|
228,904
|
Steve
Kingshott
|
Director/PDMR
|
221,903
|
No consideration was paid for the
grant of the RSP Awards which are structured as nil cost options.
The number of Shares granted under each RSP award has been
determined by reference to the price of a Share on Friday 5 July
2024 (111.4 pence per Share).
The normal vesting date of the RSP
Awards will be 8 July 2027, 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 RSP Awards are subject to a two-year holding period
commencing on vesting.
The RSP Awards will ordinarily vest
after three years subject to the grantee's continued service and a
discretionary underpin that allows the Remuneration Committee to
make adjustments to the level of vesting if the Committee believes
due to business performance, individual performance or wider
Company considerations that the vesting should be adjusted.
This will include consideration of all relevant factors, including
any windfall gains.
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
a)
|
Name
|
1. Mike Hazell
2. Mark Watkins
3. Steve Kingshott
|
2
|
Reason for the notification
|
a)
|
Position/status
|
1. Director, Group Chief Executive
Officer
2. Director, Group Chief Financial
Officer
3. Director, CEO of
Insurance
|
b)
|
Initial
notification /Amendment
|
Initial notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Saga plc
|
b)
|
LEI
|
2138004WWUJN94K2LH95
|
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 15 pence
|
GB00BMX64W89
|
b)
|
Nature of
the transaction
|
Awards made pursuant to the Saga
plc Restricted Share
Plan.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
1. £nil
2. £nil
3. £nil
|
1. 430,879
2. 228,904
3. 221,903
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
e)
|
Date of the transaction
|
8 July 2024
|
f)
|
Place of the transaction
|
Outside of trading venue
|
Enquiries
Saga plc
3 Pancras Square
London
N1C 4AG
|
Vicki
Haynes
Company
Secretary
07803 602
139
|
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