Director/PDMR Shareholding

RNS Number : 8186G

SIG PLC

08 November 2018

 

8 November 2018

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

Following shareholder approval of the SIG plc 2018 Long Term Incentive Plan ("LTIP") at the General Meeting held on 7 November 2018, SIG plc confirms that awards were granted under the terms of the LTIP to Executive Directors as set out below.  The awards were granted on 8 November 2018 and will vest at the end of a three-year period depending on the achievement of performance targets (the detail of which was provided in the Notice of General Meeting), 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                       1,494,478

Group Chief Executive

Nick Maddock                 Director                        960,735

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	1,494,478
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	8 November 2018
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	960,735
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	8 November 2018
f)	Place of the transaction	Outside a trading venue

Enquiries:

SIG plc
Richard Monro	Group Company Secretary	[phone]

 

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