SIG PLC Director/PDMR Shareholding (7964S)

TIDMSHI

RNS Number : 7964S

SIG PLC

13 March 2023

13 March 2023

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

SIG plc announces that on 10 March 2023, the following awards were granted over the Company's Ordinary Shares of 10 pence each ("Shares") under the SIG plc Restricted Share Plan ("RSP") to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company (the "RSP Awards").

 
 Name              Status          Number of Shares      Option Price 
                                  under the RSP Awards 
 Gavin Slark   Chief Executive         2,112,015            GBPNil 
                   Officer 
              ----------------  ----------------------  ------------- 
 Ian Ashton    Chief Financial         1,030,403            GBPNil 
                   Officer 
              ----------------  ----------------------  ------------- 
 

The number of Shares granted under the RSP Awards has been calculated using a price of 39.95 pence per Share being the closing share price on 8 March 2023. No consideration was paid for the grant of the RSP Awards which are structured as nil cost options.

The normal vesting date for the RSP Awards will be 10 March 2026, 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 Shares that are the subject of the RSP Awards are subject to a further two-year holding period commencing on vesting.

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                                Ordinary shares of 10p each in SIG plc 
        the financial instrument, 
        type of instrument                            ISIN: GB0008025412 
        Identification 
        code 
      --------------------------------------------  ------------------------------------------ 
 b)    Nature of the transaction                     Grant of Restricted Share Plan Awards 
                                                      for nil consideration 
      --------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)                        Price(s)               Volume(s) 
      --------------------------------------------  ---------------------  ------------------- 
   GBP Nil                                                                  2,112,015 
  -----------------------------------------------------------------------  ------------------- 
 d)         Aggregated information 
              *    Aggregated volume                   Not applicable - single transaction 
 
 
              *    Price 
      --------------------------------------------  ------------------------------------------ 
 e)    Date of the transaction                       10 March 2023 
      --------------------------------------------  ------------------------------------------ 
 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                                Ordinary shares of 10p 
        the financial instrument, 
        type of instrument                            ISIN: GB0008025412 
        Identification 
        code 
      --------------------------------------------  ----------------------------------------- 
 b)    Nature of the transaction                     Grant of Restricted Share Plan Awards 
                                                      for nil consideration 
      --------------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s)                        Price(s)              Volume(s) 
      --------------------------------------------  --------------------  ------------------- 
   GBP Nil                                                                 1,030,403 
  ----------------------------------------------------------------------  ------------------- 
 d)         Aggregated information 
              *    Aggregated volume                   Not applicable - single transaction 
 
 
              *    Price 
      --------------------------------------------  ----------------------------------------- 
 e)    Date of the transaction                       10 March 2023 
      --------------------------------------------  ----------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ----------------------------------------- 
 

Enquiries:

 
 
 SIG plc 
                  Group General Counsel & Company 
 Andrew Watkins    Secretary                         [phone] 
 

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March 13, 2023 11:39 ET (15:39 GMT)