Director/PDMR Shareholding

RNS Number : 2213Z
SIG PLC
17 September 2009
 



SIG plc


17 September 2009


Ordinary Shares of 10p each

    

SIG plc (the 'Company') announces that on 16 September 2009 it granted awards in the UK over ordinary shares in the Company in connection with the SIG plc 2004 Long Term Incentive Plan ('LTIP').


Pursuant to DR 3.1.4 and following notifications received on 16 September 2009 in fulfilment of the obligations imposed by DR 3.12 we hereby announce that the following awards have been granted to PDMRs.


PDMR

Plan

Current Award

Exercise Price (pence)

Existing Award

Total number of shares over which awards now held

Mr C J Davies

LTIP

173,248

NIL

 76,818

250,066 LTIP

Approved Section1

22,354

134.2

NIL

22,354 

Approved Section

Mr G W Davies

LTIP

111,773

NIL

47,281

159,054 LTIP

Approved Section1

22,354

134.2

NIL

22,354

Approved Section

Mr M J Chivers

LTIP

80,476

NIL

42,622

123,098 LTIP

Approved Section1

22,354

134.2

NIL

22,354 

Approved Section


The awards take the form of options, being an option under the performance share plan, with a nil exercise price, together with an option under the approved section at an exercise price of 134.2p per share, to acquire shares in the future, subject to the performance condition being achieved.


The performance condition relates to underlying EPS for the financial year ending on 31 December 2011. Subject to the rules of the LTIP including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the award is 15 September 2012.


1 Share options were granted under The SIG Plc 2004 Long Term Incentive Plan Approved Section ('Approved Section') on similar terms to the LTIP Awards. At the time of exercise, to the extent that there is a gain on the options granted under the Approved Section, LTIP Awards will be forfeited to the same value.


R C Monro

Company Secretary


0114 285 6355


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSFWSUWSUSEEU

Companies

SIG (SHI)
UK 100

Latest directors dealings