SIG PLC Director/PDMR Shareholding (7971S)
March 13 2023 - 11:49AM
UK Regulatory
TIDMSHI
RNS Number : 7971S
SIG PLC
13 March 2023
13 March 2023
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
LEI: 213800VDC1BKJEZ8PV53
SIG plc announces that on 10 March 2023, the following awards
were granted over the Company's Ordinary Shares of 10 pence each
("Shares") under the SIG plc Bonus Plan to certain directors /
persons discharging managerial responsibility ("PDMRs") of the
Company.
Name Status Number of Shares Option Price
under the Deferred
Share Awards
Ian Ashton Chief Financial 505,572 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").
The number of Shares granted under the Deferred Share Awards has
been calculated using a price of 40 pence per Share being the
closing share price on 9 March 2023. No consideration was paid for
the grant of the Deferred Share Awards which are structured as nil
cost options.
The normal vesting date for the Deferred Share Awards will be 10
March 2026, 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. The
Shares that are the subject of the Deferred Share 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 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 Ordinary shares of 10p
the financial instrument,
type of instrument ISIN: GB0008025412
Identification
code
-------------------------------------------- ------------------------------------------
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 505,572
----------------------------------------------------------------------- -------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
-------------------------------------------- ------------------------------------------
e) Date of the transaction 10 March 2023
-------------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------- ------------------------------------------
Enquiries:
SIG plc
Group General Counsel & Company
Andrew Watkins Secretary +44 (0) 114 285 6300
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END
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