RNS Number : 9776H
SIG PLC
22 March 2024
 

 

LEI: 213800VDC1BKJEZ8PV53                                                                                                             22 March 2024

 

SIG plc

 

("SIG" or the "Company")

 

Notification and public disclosure of Deferred Share Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

                                                                                                                                                               

 

SIG plc announces that on 21 March 2024, the following awards were granted over the Company's Ordinary Shares of 10 pence each ("Shares") under the 2018 SIG plc Bonus Plan to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.

 

Name

Status

Number of Shares under the Deferred Share Awards

Option Price

Gavin Slark

Chief Executive Officer

234,128

£Nil

Ian Ashton

Chief Financial Officer

121,359

£Nil

 

The 2018 SIG plc Bonus Plan provides that, in accordance with the Directors' Remuneration Policy approved by shareholders in 2023, for each Executive Director one-third of any annual bonus earned is to be deferred into Shares (the "Deferred Share Awards").

 

The normal vesting date for the Deferred Share Awards will be 21 March 2027, being the third anniversary of the award date. Once vested, the Deferred Share Awards will normally be exercisable until the day before the tenth anniversary of the award date. 

 

No consideration was paid for the grant of the Deferred Share Awards which are structured as nil cost options.

 

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

 

ISIN:  GB0008025412

b)

Nature of the transaction

Grant of Deferred Share Awards for nil consideration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

234,128

d)

Aggregated information

-     Aggregated volume

-     Price

 

Not applicable - single transaction

e)

Date of the transaction

21 March 2024

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 Deferred Share Awards for nil consideration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

121,359

d)

Aggregated information

-     Aggregated volume

-     Price

 

Not applicable - single transaction

e)

Date of the transaction

21 March 2024

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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