Director/PDMR Shareholding

RNS Number : 6777C

SIG PLC

18 April 2013

 



SIG plc

18 April 2013

Ordinary Shares of 10p each

SIG plc (the "Company") announces that on 18 April 2013 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 18 April 2013 in fulfilment of the obligations imposed by DR 3.12 we hereby announce that the following awards have been granted to PDMRs.

Director/PDMR	Plan	Current Award	Exercise Price (pence)	Existing Award	Total number of shares over which awards now held
Mr S R Mitchell Group Chief Executive	LTIP	363,036	NIL	NIL	363,036
	Approved Section1	19,801	151.5	NIL	19,801
Mr D G Robertson Group Finance Director	LTIP	214,191	NIL	299,145	513,336
	Approved Section1	19,801	151.5	NIL	19,801

The awards take the form of NIL cost options, being an option under the performance share plan, with a nil exercise price (an LTIP award), together with a market price option under the approved section at an exercise price of 151.5p per share, in each case to acquire shares in the future, subject to the performance conditions being achieved.

Subject to the rules of the LTIP including the Approved Section and the satisfaction of the performance conditions below, the earliest vesting date of the award is normally 18 April 2016.

The performance condition relates to the three year average ROCE of the Group and the three year cumulative underlying EPS of the Group as set out in the Directors' Remuneration Report for the year ended 31 December 2012.

¹Share 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

 

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