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SIG PLC (SHI)

  Print          Annual reports

Tuesday 01 December, 2020

SIG PLC

Director/PDMR Shareholding

RNS Number : 1500H
SIG PLC
01 December 2020
 

 

1 December 2020

 

 

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

 

Following shareholder approval of the SIG plc 2020 Restricted Share Plan ("RSP") at the General Meeting held on 17 November 2020, SIG plc confirms that on 1 December 2020, the following awards were granted over the Company's Ordinary £0.10 Shares under the RSP to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.

 

Name

Status

Number of Ordinary Shares under RSP Award

Option Price

Stephen Francis

Chief Executive Officer

1,800,000

£Nil

Ian Ashton

Chief Financial Officer

1,250,000

£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 an Ordinary Share price of 30 pence per share (the recent placing and open offer price) as set out in the General Meeting Circular and Notice of Meeting.

 

The normal vesting date of the RSP Awards will be 1 December 2023, 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. 

 

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



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen Francis

2

Reason for the notification

a)

Position/status

PDMR (Chief Executive Officer)

b)

Initial notification/Amendment

This is an 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 nil cost option under the SIG plc 2020 Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)



GBP Nil

1,800,000

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transaction

e)

Date of the transaction

1 December 2020

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

This is an 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 nil cost option under the SIG plc 2020 Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)



GBP Nil

1,250,000

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transaction

e)

Date of the transaction

1 December 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

 

Enquiries:

 




SIG plc



Kulbinder Dosanjh

Group Company Secretary

+44 (0) 114 285 6300

 

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