SIG PLC Director/PDMR Shareholding (1500H)
December 01 2020 - 9:25AM
UK Regulatory
TIDMSHI
RNS Number : 1500H
SIG PLC
01 December 2020
1 December 2020
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
Following shareholder approval of the SIG plc 2020 Restricted
Share Plan ("RSP") at the General Meeting held on 17 November 2020,
SIG plc confirms that on 1 December 2020, the following awards were
granted over the Company's Ordinary GBP0.10 Shares under the RSP to
certain directors / persons discharging managerial responsibility
("PDMRs") of the Company.
Name Status Number of Ordinary Option Price
Shares under RSP Award
Stephen Chief Executive 1,800,000 GBPNil
Francis Officer
---------------- ------------------------ -------------
Ian Ashton Chief Financial 1,250,000 GBPNil
Officer
---------------- ------------------------ -------------
No consideration was paid for the grant of the RSP Awards which
are structured as nil cost options. The number of Ordinary Shares
granted under each RSP Award has been calculated using an Ordinary
Share price of 30 pence per share (the recent placing and open
offer price) as set out in the General Meeting Circular and Notice
of Meeting.
The normal vesting date of the RSP Awards will be 1 December
2023, 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.
This announcement and the following disclosures are made in
accordance with Article 19 of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Stephen Francis
-------------------------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status PDMR (Chief Executive Officer)
-------------------------------------------- ------------------------------------------
b) Initial notification/Amendment This is an 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 Ordinary shares of 10p
the financial instrument,
type of instrument ISIN: GB0008025412
Identification
code
-------------------------------------------- ------------------------------------------
b) Nature of the transaction Grant of nil cost option under the SIG
plc 2020 Restricted Share Plan
-------------------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------- --------------------- -------------------
GBP Nil 1,800,000
----------------------------------------------------------------------- -------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------------------- ------------------------------------------
e) Date of the transaction 1 December 2020
-------------------------------------------- ------------------------------------------
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 This is an 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 Ordinary shares of 10p
the financial instrument,
type of instrument ISIN: GB0008025412
Identification
code
-------------------------------------------- ------------------------------------------
b) Nature of the transaction Grant of nil cost option under the SIG
plc 2020 Restricted Share Plan
-------------------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------- --------------------- -------------------
GBP Nil 1,250,000
----------------------------------------------------------------------- -------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------------------- ------------------------------------------
e) Date of the transaction 1 December 2020
-------------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------- ------------------------------------------
Enquiries:
SIG plc
Kulbinder Dosanjh Group Company Secretary +44 (0) 114 285 6300
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END
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