We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sig Plc | LSE:SHI | London | Ordinary Share | GB0008025412 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.45 | -1.51% | 29.40 | 29.40 | 29.55 | 29.50 | 29.35 | 29.50 | 205,070 | 10:12:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Roofing & Siding-wholesale | 2.74B | 15.5M | 0.0134 | 22.01 | 340.76M |
TIDMSHI
RNS Number : 3178D
SIG PLC
25 April 2017
SIG plc
DIRECTOR/PDMR Shareholding
Notification and public disclosure of LTIP Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
SIG plc confirms that an allocation was granted under the terms of the SIG plc 2014 Long Term Incentive Plan ("LTIP") to Executive Directors as set out below. The awards were granted on 24 April 2017 and the ordinary shares will vest at the end of a three-year period depending on the achievement of performance targets set out in the LTIP, and are then subject to a further two-year holding period. The awards take the form of nil cost options, being an option under the LTIP, with a nil exercise price.
Name Status No. of shares subject to allocation
Meinie Oldersma Director 954,003
Group Chief Executive
Nick Maddock Director 459,965
Chief Financial Officer
Following this award, total holding and interests in ordinary shares in SIG plc are:
Name Total holdings Percentage Total interest of of current in ordinary shares issued share ordinary shares capital ----------------- ------------------ --------------- ----------------- Meinie Oldersma Nil Nil 954,003 ----------------- ------------------ --------------- ----------------- Nick Maddock Nil Nil 459,965 ----------------- ------------------ --------------- -----------------
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 Meinie Oldersma ---- -------------------------------- ------------------------------------- 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 Ordinary shares of 10p of the financial instrument, ISIN: GB0008025412 type of instrument Identification code ---- -------------------------------- ------------------------------------- b) Nature of the Grant of an award under the transaction SIG plc 2014 Long Term Incentive Plan as a conditional award of shares. Subject to continued service, normally vests after 3 years and subject to a further 2 year holding period ---- -------------------------------- ------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---- -------------------------------- ------------------ ----------------- GBP Nil 954,003 -------------------------------------------------------- ----------------- d) Aggregated information Aggregated volume: 954,003 * Aggregated volume GBP Nil * Price ---- -------------------------------- ------------------------------------- e) Date of the 2017-04-24 transaction ---- -------------------------------- ------------------------------------- f) Place of the XLON transaction ---- -------------------------------- ------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------------- a) Name Nick Maddock ---- -------------------------------- ------------------------------------- 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 Ordinary shares of 10p of the financial instrument, ISIN: GB0008025412 type of instrument Identification code ---- -------------------------------- ------------------------------------- b) Nature of the Grant of an award under the transaction SIG plc 2014 Long Term Incentive Plan as a conditional award of shares. Subject to continued service, normally vests after 3 years and subject to a further 2 year holding period ---- -------------------------------- ------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---- -------------------------------- ------------------ ----------------- GBP Nil 459,965 -------------------------------------------------------- ----------------- d) Aggregated information Aggregated volume: 459,965 * Aggregated volume GBP Nil * Price ---- -------------------------------- ------------------------------------- e) Date of the 2017-04-24 transaction ---- -------------------------------- ------------------------------------- f) Place of the XLON transaction ---- -------------------------------- -------------------------------------
Subject to the rules of the LTIP and the satisfaction of the performance conditions detailed below, the earliest vesting date of the award is normally 24 April 2020.
The performance conditions subject to which the options have been granted are as follows:
An Award shall be subject to two performance targets in accordance with this Schedule.
1. Two-thirds of the award is subject to a condition as to the average return on capital employed (ROCE) over the Performance Period (the "ROCE Tranche"). The period over which the ROCE performance condition will be measured will be the period of three financial years 31 December 2017, 2018 and 2019.
Average Return on Capital % of ROCE Tranche Employed (ROCE) for vesting FY2017-2019 --------------------------- --------------------- 10% or less Nil --------------------------- --------------------- Above 10% but less than Between 0% and 100% 13.5% on a straight-line basis --------------------------- --------------------- 13.5% and above 100% --------------------------- ---------------------
2. One-third of the award is subject to a condition as to the cumulative underlying earnings per share (EPS) over the Performance Period (the "EPS Tranche"). The period over which the EPS performance condition will be measured will be the period of three financial years 31 December 2017, 2018 and 2019.
Cumulative Underlying % of EPS Tranche vesting EPS for FY2017-2019 ----------------------- ------------------------- Less than 31 pence Nil ----------------------- ------------------------- 31 pence to 38 pence Between 0% and 100% on a straight-line basis ----------------------- ------------------------- Above 38 pence 100% ----------------------- -------------------------
R C Monro
Company Secretary 0114 285 6355
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHSELFMIFWSESL
(END) Dow Jones Newswires
April 25, 2017 12:08 ET (16:08 GMT)
1 Year Sig Chart |
1 Month Sig Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions