Grant of Options and PDMR Dealing

RNS Number : 1258W

SigmaRoc PLC

15 April 2019

 

SigmaRoc plc / EPIC: SRC / Market: AIM / Sector: Construction & Materials

15 April 2019

SigmaRoc plc

('SigmaRoc', the 'Company' or the 'Group') 

Grant of Options and PDMR Dealing

SigmaRoc plc announces that the Company has granted 12,896,722 options over ordinary shares of 1p each in the capital of the Company ('Ordinary Shares') ('Options') to certain board members and senior management personnel.

Management Scheme Options

3,350,387 of the Options have been awarded pursuant to the "New Share Option Plan" (as defined in the admission document) adopted on 14 December 2016, to several senior managers as detailed in the table below. The Management Scheme Options vest immediately, with an exercise price of 40p, and will expire on 5 January 2022.    

Staff member	Role	Option award
David Barrett	Executive Chairman	770,204
Max Vermorken	CEO	1,540,408
Charles Trigg	Technical Director	577,653
Garth Palmer	CFO	462,122

Non-Management Scheme Options

9,656,934 of the Options (the 'Non-Management Scheme Options') have been granted to certain members of senior staff, as detailed in the table below, with an exercise price of 46p, that will vest over three years in equal tranches and will expire on 16 April 2026.

Staff member	Role	Option award
David Barrett	Executive Chairman	1,838,957
Max Vermorken	CEO	3,068,753
Charles Trigg	Technical Director	488,932
Garth Palmer	CFO	2,137,878
Dominic Traynor	Non-Executive Director	665,497
Patrick Dolberg	Non-Executive Director	360,917
Mike Osborne	MD Ronez	310,000
Michael Roddy	MD SigmaPPG	310,000
David McClelland	MD South Wales	310,000
Steve Roussel	Director Ronez Guernsey	50,000
Tim Le Cras	Director Ronez	30,000
Dean Masefield	Finance Manager Ronez	30,000
Rowena Dayman	Finance Manager SigmaPPG	30,000
Ben Feder	Investor Relations	14,000
Clint White	Health and Safety	6,000
Mark Verinder	Finance Director SigmaPPG	6,000

In addition, the Board intends to grant 443,665 Non-Management Scheme Options to Tim Hall on his proposed appointment to the board in April 2019, on the same terms as the other Non-Management Option awards detailed in this announcement.

Following the grant of the Options, there will be, in aggregate, 22,223,378 Ordinary Shares under option to directors and employees of the Group, representing approximately 12.6% of the existing issued ordinary share capital of the Company. The resultant holdings of Options by the directors of the Company is as follows:

Director	Role	No. of Options
David Barrett	Executive Chairman	4,488,674
Max Vermorken	CEO	8,977,349
Garth Palmer	CFO	2,626,014
Patrick Dolberg	Non-Executive Director	665,497
Dominic Traynor	Non-Executive Director	691,511

END

Enquiries:
SigmaRoc
Tel: [phone]

Max Vermorken, CEO

Strand Hanson (Nominated and Financial adviser)

Tel: [phone]

James Spinney / James Dance / Jack Botros

Liberum Capital (Joint Broker)

Tel: [phone]

Neil Patel / Jamie Richards / Jonathan Wilkes-Green / William Hall

Berenberg (Joint Broker)

Tel: [phone]

Ben Wright / Mark Whitmore

Investor Relations

Tel: [phone]

Ben Feder

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' participation in the Placing.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	David Barrett
2.	Reason for the notification
a)	Position/status:	Chairman
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 770,204 46 pence 1,838,957
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 770,204 46 pence 1,838,957

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Max Vermorken
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 1,540,408 46 pence 3,068,753
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 1,540,408 46 pence 3,068,753

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Charles Trigg
2.	Reason for the notification
a)	Position/status:	Technical Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 577,653 46 pence 488,932
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 577,653 46 pence 488,932

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Garth Palmer
2.	Reason for the notification
a)	Position/status:	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:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 462,122 46 pence 2,137,878
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 462,122 46 pence 2,173,878

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Dominic Traynor
2.	Reason for the notification
a)	Position/status:	Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 665,497
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 665,497

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Patrick Dolberg
2.	Reason for the notification
a)	Position/status:	Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 360,917
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 360,917

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mike Osborne
2.	Reason for the notification
a)	Position/status:	Managing Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 310,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 310,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Michael Roddy
2.	Reason for the notification
a)	Position/status:	Managing Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 310,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 310,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	David McClelland
2.	Reason for the notification
a)	Position/status:	Managing Director, South Wales
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 310,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 310,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Steve Roussel
2.	Reason for the notification
a)	Position/status:	General Manager
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of no par value GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 50,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 50,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Tim Le Cras
2.	Reason for the notification
a)	Position/status:	Finance Director, Ronez
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 30,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 30,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Dean Masefield
2.	Reason for the notification
a)	Position/status:	Finance Manager, Ronez
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 30,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 30,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Rowena Dayman
2.	Reason for the notification
a)	Position/status:	Finance Manager, SigmaPPG
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 30,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 30,000

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mark  Verinder
2.	Reason for the notification
a)	Position/status:	Finance Director, SigmaPPG
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	SigmaRoc plc
b)	LEI:	213800Q3CJUERBGD1E44
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:	Share options over ordinary shares of 1p each GB00BYX5K988
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 0 46 pence 6,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40 pence 0 46 pence 6,000

 

END

 

 

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