SIG PLC Director/PDMR Shareholding (7971S)

TIDMSHI

RNS Number : 7971S

SIG PLC

13 March 2023

13 March 2023

SIG plc

("SIG" or the "Company")

Notification and public disclosure of Deferred Share 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 Bonus Plan to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.

 
 Name             Status         Number of Shares     Option Price 
                                 under the Deferred 
                                    Share Awards 
 Ian Ashton   Chief Financial         505,572            GBPNil 
                  Officer 
             ----------------  --------------------  ------------- 
 

The SIG plc Bonus Plan provides that, in accordance with the Directors' Remuneration Policy approved by shareholders in 2020, for each Executive Director one-third of his annual bonus earned up to 100% of his annual salary is to be deferred into Shares and that all bonus earned above 100% of salary is to be deferred into Shares (the "Deferred Share Awards").

The number of Shares granted under the Deferred Share Awards has been calculated using a price of 40 pence per Share being the closing share price on 9 March 2023. No consideration was paid for the grant of the Deferred Share Awards which are structured as nil cost options.

The normal vesting date for the Deferred Share Awards will be 10 March 2026, being the third anniversary of the award date. Once vested, the Deferred Share Awards will normally be exercisable until the day before the tenth anniversary of the award date. The Shares that are the subject of the Deferred Share 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                                          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 Deferred Share Awards for nil 
                                                      consideration 
      --------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)                        Price(s)               Volume(s) 
      --------------------------------------------  ---------------------  ------------------- 
   GBP Nil                                                                  505,572 
  -----------------------------------------------------------------------  ------------------- 
 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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END

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March 13, 2023 11:49 ET (15:49 GMT)