SHI.L

SIG Plc
SIG PLC - Director/PDMR Shareholding
22nd March 2024, 10:30
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSEAFSEELSEED]]>
TwitterFacebookLinkedIn