SIG PLC Director/PDMR Shareholding (4698V)

TIDMSHI

RNS Number : 4698V

SIG PLC

01 December 2023

LEI: 213800VDC1BKJEZ8PV53 1 December 2023

SIG plc

("SIG" or the "Company")

Notification and public disclosure of Exercise of Restricted Share Plan Awards by Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

Exercise of 2020 Restricted Share Plan ("RSP") Awards

SIG plc announces that on 1 December 2023 Ian Ashton, Chief Financial Officer, exercised nil cost options (the Options) under the RSP to acquire 1,250,000 shares of 10 pence each in the capital of the Company (Shares). 587,564 Shares were sold on 1 December 2023 to realise funds to settle income tax and national insurance obligations arising on exercise of the Options. The balance of 662,436 Shares were retained by him and are subject to a holding period of two years under the RSP rules and the Directors' Remuneration Policy.

This announcement and the following disclosures are made in accordance with 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/        Initial notification 
        Amendment 
      ---------------------------  ----------------------------------------------------- 
 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             ISIN: GB0008025412 
        of instrument 
        Identification 
        code 
      ---------------------------  ----------------------------------------------------- 
 b)    Nature of the                Vesting of share awards granted on 1 
        transaction                  December 2020 under the SIG plc 2 020 
                                     Restricted Share Plan 
      ---------------------------  ----------------------------------------------------- 
 c)    Price(s) and volume(s)       Price(s)                    Volume(s) 
      ---------------------------  --------------------------  ------------------------- 
   GBP Nil                                                     1,250,000 
  --------------------------                                   ------------------------- 
 d)    Aggregated information        Not applicable - single transaction 
        - Aggregated volume 
        - Price 
      ---------------------------  ----------------------------------------------------- 
 e)    Date of the transaction      1 December 2023 
      ---------------------------  ----------------------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  ----------------------------------------------------- 
 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             ISIN: GB0008025412 
        of instrument 
        Identification 
        code 
      ---------------------------  ----------------------------------------------------- 
 b)    Nature of the                Sale of shares 
        transaction 
      ---------------------------  ----------------------------------------------------- 
 c)    Price(s) and volume(s)       Price(s)                   Volume(s) 
      ---------------------------  --------------------------  ------------------------- 
   GBP 0.28725                                                 587,564 
  -----------------------------------------------------------  ------------------------- 
 d)    Aggregated information        Aggregate      Aggregate Volume     Aggregate Total 
        - Aggregated volume           Price 
        - Price 
      ---------------------------  ---------------  -------------------  --------------- 
   GBP 0.28725     587,564                                               GBP 168,777.76 
  ---------------  ----------------------------------------------------  --------------- 
 e)    Date of the transaction      1 December 2023 
      ---------------------------  ----------------------------------------------------- 
 f)    Place of the transaction     London Stock Exchange, Main Market XLON 
      ---------------------------  ----------------------------------------------------- 
 
 

Enquiries

SIG plc

Andrew Watkins, Group General Counsel & Company Secretary [phone]

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December 01, 2023 12:42 ET (17:42 GMT)