Director/PDMR Shareholding

SIG PLC

01 December 2023

 

LEI: 213800VDC1BKJEZ8PV53                                                                                                       1 December 2023

SIG plc

("SIG" or the "Company")

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

Exercise of 2020 Restricted Share Plan ("RSP") Awards

SIG plc announces that on 1 December 2023 Ian Ashton, Chief Financial Officer, exercised nil cost options (the Options) under the RSP to acquire 1,250,000 shares of 10 pence each in the capital of the Company (Shares). 587,564 Shares were sold on 1 December 2023 to realise funds to settle income tax and national insurance obligations arising on exercise of the Options. The balance of 662,436 Shares were retained by him and are subject to a holding period of two years under the RSP rules and the Directors' Remuneration Policy.

This announcement and the following disclosures are made in accordance with the UK Market Abuse Regulation.  

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 each in SIG plc ISIN:  GB0008025412
b)	Nature of the transaction	Vesting of share awards granted on 1 December 2020 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 2023
f)	Place of the transaction	Outside a trading venue
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	Sale of shares
c)	Price(s) and volume(s)	Price(s)			Volume(s)
		GBP 0.28725			587,564
d)	Aggregated information -      Aggregated volume -       Price	Aggregate Price	Aggregate Volume			Aggregate Total
		GBP 0.28725	587,564			GBP 168,777.76
e)	Date of the transaction	1 December 2023
f)	Place of the transaction	London Stock Exchange, Main Market XLON

Enquiries

SIG plc

Andrew Watkins, Group General Counsel & Company Secretary                               [phone]

 

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