SHI.L

SIG Plc
SIG PLC - Director/PDMR Shareholding
4th April 2024, 09:12
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RNS Number : 3334J
SIG PLC
04 April 2024
 

LEI: 213800VDC1BKJEZ8PV53                                                                                                                       4 April 2024

                                                                                                                               

SIG plc

("SIG" or the "Company")

Notification and public disclosure of Exercise of Restricted Share Plan and Deferred Bonus Plan Awards by Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

Exercise of 2021 Restricted Share Plan ("RSP") Awards

On 2 April 2024 Ian Ashton, Chief Financial Officer, exercised nil cost options (the "RSP Options") under the RSP to acquire 975,961 shares of 10 pence each in the capital of the Company ("Shares"). 469,520 Shares were sold on 2 April 2024 to realise funds to settle income tax and national insurance obligations arising on exercise of the RSP Options. The balance of  506,441 Shares were retained by him and are subject to a holding period of two years under the Directors' Remuneration Policy.

Exercise of 2020 Deferred Bonus Plan ("DBP") Awards

In addition, on 2 April 2024 Ian Ashton, Chief Financial Officer, exercised nil cost options (the "DBP Options") under the DBP to acquire 80,128 shares of 10 pence each in the capital of the Company ("Shares"). 37,796 Shares were sold on 2 April 2024 to realise funds to settle income tax and national insurance obligations arising on exercise of the DBP Options. The balance of 42,332 Shares were retained by him and are subject to a holding period of two years under the Directors' Remuneration Policy.

This announcement and the following disclosures are made in accordance with 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 the financial instrument, type of instrument

Identification code

Ordinary shares of 10p

 

ISIN:  GB0008025412

 

b)

Nature of the transaction

Exercise of share awards granted on 29 March 2021 under the SIG plc 2020 Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)


 

GBP Nil

975,961

d)

Aggregated information

-      Aggregated volume

-       Price

Not applicable - single transaction

 

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

Outside a trading venue

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

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s) 



GBP  0.2795

 469,520

d)

Aggregated information

-      Aggregated volume

-       Price

 Aggregate Price

Aggregate Volume

Aggregate Total


 

GBP 0.2795

 469,520

GBP  131,231

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

London Stock Exchange, Main Market XLON

 

 

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

Exercise of share awards granted on 29 March 2021 under the SIG plc 2018 Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

 Volume(s)


 

GBP Nil

80,128

d)

Aggregated information

-      Aggregated volume

-       Price

 Not applicable - single transaction

 

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

Outside a trading venue

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

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s) 



GBP  0.2930

 37,796

d)

Aggregated information

-      Aggregated volume

-       Price

 Aggregate Price

Aggregate Volume

Aggregate Total


 

GBP  0.2930

 37,796

GBP 11,074

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

London Stock Exchange, Main Market XLON

 

Enquiries

SIG plc

Andrew Watkins, Group General Counsel & Company Secretary                               +44 (0) 0114 285 6300

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