Director/PDMR Shareholding

RNS Number : 7103T

SIG PLC

22 March 2019

 

22 March 2019

SIG plc

("SIG" or the "Company")

Notification and public disclosure of LTIP Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

LEI: 213800VDC1BKJEZ8PV53

The Company announces the following dealings in the Company's ordinary shares of 10p each ("Shares") undertaken by directors/persons discharging managerial responsibility ("PDMR").

On 21 March 2019, the Company granted the following awards under the terms of the SIG plc 2018 Long Term Incentive Plan ("LTIP"). The awards will vest at the end of a three-year period depending on the achievement of performance targets, and are then subject to a further two-year holding period.  The awards take the form of nil cost options, being an option under the LTIP, with a nil exercise price.

Name                             Status                          No. of shares under award

Meinie Oldersma            Director                        1,192,148

Group Chief Executive

Nick Maddock                 Director                        766,528

Chief Financial Officer

This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.           

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Meinie Oldersma
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10p ISIN:  GB0008025412
b)	Nature of the transaction	Grant of an award under the SIG plc 2018 Long Term Incentive Plan as a nil cost option over shares.  Subject to performance criteria and continued service, normally vests after 3 years and subject to a further 2 year holding period
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP Nil	1,192,148
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	21 March 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nick Maddock
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10p ISIN:  GB0008025412
b)	Nature of the transaction	Grant of an award under the SIG plc 2018 Long Term Incentive Plan as a nil cost option over shares.  Subject to performance criteria and continued service, normally vests after 3 years and subject to a further 2 year holding period
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP Nil	766,528
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	21 March 2019
f)	Place of the transaction	Outside a trading venue

Enquiries:

SIG plc
Richard Monro	Group Company Secretary	[phone]

 

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