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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Saga Plc | LSE:SAGA | London | Ordinary Share | GB00BMX64W89 | ORD 15P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 1.81% | 112.20 | 111.80 | 113.00 | 114.80 | 108.20 | 108.20 | 349,019 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Retail Stores, Nec | 581.1M | -259.2M | -1.8401 | -0.61 | 158.33M |
TIDMSAGA
RNS Number : 6790X
SAGA PLC
21 December 2023
21 December 2023
SAGA PLC (THE COMPANY) - DIRECTOR/PDMR SHAREHOLDING
Pursuant to the notification obligations under A rticle 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).
Saga Transformation Plan
The Company's Saga Transformation Plan (the STP) was approved by the Company's shareholders at the 2022 Annual General Meeting (the 2022 AGM). The Company hereby announces the grant of awards to Executive Directors under the STP.
Participation Rights under the STP entitle the participant to receive, subject to the rules of the STP, a proportion (the Participant Proportion) of the Company's Total Shareholder Return above the qualifying hurdle of GBP6.00.
This value will be delivered through the grant of nil-cost options over Shares after a 5-year performance period.
More details of how the STP operates can be found in the Notice of 2022 AGM which can be found on our website at www.corporate.saga.co.uk/investors/agm.
Details of the award for the Chief Executive Officer and Chief Financial Officer are outlined below.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name 1. Michael Hazell 2. Mark Watkins ----------------------------------- ------------------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------------- a) Position/status 1. Director, Group Chief Executive Officer 2. Director, Chief Financial Officer ----------------------------------- ------------------------------------------------------- b) Initial notification Initial notification /Amendment ----------------------------------- ------------------------------------------------------- 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 Ordinary shares of 15 pence the financial instrument, type of instrument Identification code ----------------------------------- ------------------------------------------------------- GB00BMX64W89 ----------------------------------- ------------------------------------------------------- b) Nature of the 1. Grant of a conditional right, subject transaction to the rules of the STP, to receive the value by which the Company's Total Shareholder Return exceeds the qualifying hurdle of GBP6.00, multiplied by 12.5% to form the STP Pool. This is then multiplied by a Participation Proportion of 12% (the C EO Award Value ). The C EO Award Value will be delivered following the assessment of the Company's total shareholder return after the 5-year performance period by the grant of a nil-cost option over Shares. 2. Grant of a conditional right, subject to the rules of the STP, to receive the value by which the Company's Total Shareholder Return exceeds the qualifying hurdle of GBP6.00, multiplied by 12.5% to form the STP Pool. This is then multiplied by a Participation Proportion of 8% (the CFO Award Value). The CFO Award Value will be delivered following the assessment of the Company's total shareholder return after the 5 year performance period by the grant of a nil-cost option over Shares. =================================== ======================================================= c) Price(s) and volume(s) Price(s) Volume(s) === =================================== --------------------------- -------------------------- 1. GBPNil 1. Nil 2. GBPNil 2. Nil === =================================== =========================== ========================== d) Aggregated information - Aggregated volume n/a - Price ----------------------------------- ------------------------------------------------------- e) Date of the transaction 21 December 2023 === =================================== ======================================================= f) Place of the transaction London ----------------------------------- -------------------------------------------------------
Enquiries
Saga plc Vicki Haynes 3 Pancras Square Company Secretary London N1C 4AG 07803 602139
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(END) Dow Jones Newswires
December 21, 2023 11:39 ET (16:39 GMT)
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