RNS Number : 7964S
SIG PLC
13 March 2023
 

 

13 March 2023

 

 

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

SIG plc announces that on 10 March 2023, the following awards were granted over the Company's Ordinary Shares of 10 pence each ("Shares") under the SIG plc Restricted Share Plan ("RSP") to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company (the "RSP Awards").

 

Name

Status

Number of Shares under the RSP Awards

Option Price

Gavin Slark

Chief Executive Officer

2,112,015

£Nil

Ian Ashton

Chief Financial Officer

1,030,403

£Nil

 

The number of Shares granted under the RSP Awards has been calculated using a price of 39.95 pence per Share being the closing share price on 8 March 2023. No consideration was paid for the grant of the RSP Awards which are structured as nil cost options.

 

The normal vesting date for the RSP Awards will be 10 March 2026, 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 Shares that are the subject of the RSP Awards are subject to a further two-year holding period commencing on vesting. 

 

This announcement and the following disclosures are made in accordance with Article 19 of the UK Market Abuse Regulation.           

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Gavin Slark

2

Reason for the notification

a)

Position/status

PDMR (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

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

Grant of Restricted Share Plan Awards for nil consideration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

2,112,015

d)

Aggregated information

-     Aggregated volume

-     Price

 

Not applicable - single transaction

e)

Date of the transaction

10 March 2023

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

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 Restricted Share Plan Awards for nil consideration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

1,030,403

d)

Aggregated information

-     Aggregated volume

-     Price

 

Not applicable - single transaction

e)

Date of the transaction

10 March 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

 

 

 

 

SIG plc

 

 

Andrew Watkins

Group General Counsel & Company Secretary

+44 (0) 114 285 6300

 

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