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SHI Sig Plc

29.40
-0.45 (-1.51%)
Last Updated: 10:12:25
Delayed by 15 minutes
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

SIG PLC Director/PDMR Shareholding (3178D)

25/04/2017 5:08pm

UK Regulatory


Sig (LSE:SHI)
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From Mar 2019 to Mar 2024

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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)

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