Director/PDMR Shareholding

RNS Number : 1500H

SIG PLC

01 December 2020

 

1 December 2020

SIG plc

("SIG" or the "Company")

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

LEI: 213800VDC1BKJEZ8PV53

Following shareholder approval of the SIG plc 2020 Restricted Share Plan ("RSP") at the General Meeting held on 17 November 2020, SIG plc confirms that on 1 December 2020, the following awards were granted over the Company's Ordinary £0.10 Shares under the RSP to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.

Name	Status	Number of Ordinary Shares under RSP Award	Option Price
Stephen Francis	Chief Executive Officer	1,800,000	£Nil
Ian Ashton	Chief Financial Officer	1,250,000	£Nil

No consideration was paid for the grant of the RSP Awards which are structured as nil cost options. The number of Ordinary Shares granted under each RSP Award has been calculated using an Ordinary Share price of 30 pence per share (the recent placing and open offer price) as set out in the General Meeting Circular and Notice of Meeting.

The normal vesting date of the RSP Awards will be 1 December 2023, being the third anniversary of the award date. Once vested, the RSP Awards will normally be exercisable until the day before the tenth anniversary of the award date.  The RSP Awards are subject to a two-year holding period commencing on vesting. 

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	Stephen Francis
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 nil cost option under the SIG plc 2020 Restricted Share Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP Nil	1,800,000
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	1 December 2020
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	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 nil cost option under the SIG plc 2020 Restricted Share Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP Nil	1,250,000
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	1 December 2020
f)	Place of the transaction	Outside a trading venue

Enquiries:

SIG plc
Kulbinder Dosanjh	Group Company Secretary	[phone]

 

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