SIG PLC Director/PDMR Shareholding (8771E)
March 15 2022 - 12:41PM
UK Regulatory
TIDMSHI
RNS Number : 8771E
SIG PLC
15 March 2022
15 March 2022
SIG plc
("SIG" or the "Company")
Notification and public disclosure of Restricted Share Plan
Awards and Deferred Share Awards to Directors/Persons Discharging
Managerial Responsibilities and their Closely Associated
Persons
LEI: 213800VDC1BKJEZ8PV53
SIG plc announces that on 14 March 2022, the following awards
were granted over the Company's Ordinary Shares of 10 pence each
("Shares") under the SIG plc Restricted Share Plan ("RSP") to
certain directors / persons discharging managerial responsibility
("PDMRs") of the Company (the "RSP Awards").
Name Status Number of Shares under Option Price
the RSP Awards
Stephen Francis Chief Executive 1,435,766 GBPNil
Officer
---------------- ----------------------- -------------
Ian Ashton Chief Financial 997,060 GBPNil
Officer
---------------- ----------------------- -------------
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"). SIG plc announces that also on 14
March 2022, the following Deferred Share Awards were granted to
certain PDMRs.
Name Status Number of Shares under Option Price
the Deferred Share
Awards
Stephen Francis Chief Executive 889,340 GBPNil
Officer
---------------- ----------------------- -------------
Ian Ashton Chief Financial 403,107 GBPNil
Officer
---------------- ----------------------- -------------
The RSP Awards and the Deferred Share Awards are together
referred to as the "Awards".
No consideration was paid for the grant of the Awards which are
structured as nil cost options. The number of Shares granted under
the Awards has been calculated using a price of 39.32 pence per
Share.
The normal vesting date for the Awards will be 14 March 2025,
being the third anniversary of the award date. Once vested, the
Awards will normally be exercisable until the day before the tenth
anniversary of the award date. The Shares that are the subject of
the 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 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
-------------------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------- -------------------- -------------------
GBP Nil 2,325,106
---------------------------------------------------------------------- -------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------------------- -----------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------------------- -----------------------------------------
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
-------------------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------- -------------------- -------------------
GBP Nil 1,400,167
---------------------------------------------------------------------- -------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------------------- -----------------------------------------
e) Date of the transaction 14 March 2022
-------------------------------------------- -----------------------------------------
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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END
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