13 JUNE 2023
SAGA PLC (THE COMPANY) - DIRECTOR/PDMR SHAREHOLDING
Pursuant to the notification obligations under Article 19 of the Market Abuse Regulation, the Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility (PDMRs) in Ordinary Shares of 15 pence each in the Company (Shares).
GRANT OF AWARDS UNDER THE SAGA PLC 2023 RESTRICTED SHARE PLAN
On 12 June 2023, the following awards were granted over the Company's Shares under the Saga plc 2023 Restricted Share Plan (the RSP) to certain directors / PDMRs of the Company.
| Name | Status | Number of Ordinary Shares under RSP Award | Award Price |
| Euan Sutherland | Director / PDMR | 343,299 | £ Nil |
| James Quin | Director / PDMR | 176,602 | £ Nil |
| Steve Kingshott | Director/PDMR | 141,418 | £ 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 the historic Ordinary Share price on 12 July 2022 of 174.8 pence per share which was used for the July 2022 Restricted Share Plan award.
The normal vesting date of the RSP Awards will be 12 June 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 RSP Awards are subject to a two-year holding period commencing on vesting.
The RSP Awards will ordinarily vest after three years subject to the grantee's continued service and a discretionary underpin that allows the Remuneration Committee to make adjustments to the level of vesting if the Committee believes due to business performance, individual performance or wider Company considerations that the vesting should be adjusted. This will include consideration of all relevant factors, including any windfall gains.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. Euan Sutherland 2. James Quin 3. Steve Kingshott | |
| 2. | Reason for the notification | ||
| a) | Position / status | 1. Director, Group Chief Executive Officer 2. Director, Group Chief Financial Officer 3. Director, Saga Insurance 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 | Saga plc | |
| b) | LEI | 2138004WWUJN94K2LH95 | |
| 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 Identification code | Ordinary shares of 15 pence
| |
| GB00BMX64W89 | |||
| b) | Nature of transaction | Grant of nil cost option under the Saga plc 2023 Restricted Share Plan | |
| c) | Price(s) and volume(s) | Price(s)
| Volume(s) |
| 1. £nil 2. £nil 3. £nil | 343,299 176,602 141,418 | ||
| d) | Aggregated information - Aggregated volume - Price |
N/A | |
| e) | Date of the transaction | 12 June 2023 | |
| f) | Place of the transaction | Outside of trading venue | |
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