SIG PLC Director/PDMR Shareholding
March 22 2024 - 6:30AM
RNS Regulatory News
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
Identification code
|
Ordinary shares of 10p
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
-
Price
|
Not applicable - single
transaction
|
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
Identification code
|
Ordinary shares of 10p
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
-
Price
|
Not applicable - single
transaction
|
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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