LEI: 213800VDC1BKJEZ8PV53 22 March 2024
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
SIG plc announces that on 21 March 2024, the following awards were granted over the Company's Ordinary Shares of 10 pence each ("Shares") under the 2018 SIG plc Bonus Plan to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.
| Name | Status | Number of Shares under the Deferred Share Awards | Option Price |
| Gavin Slark | Chief Executive Officer | 234,128 | £Nil |
| Ian Ashton | Chief Financial Officer | 121,359 | £Nil |
The 2018 SIG plc Bonus Plan provides that, in accordance with the Directors' Remuneration Policy approved by shareholders in 2023, for each Executive Director one-third of any annual bonus earned is to be deferred into Shares (the "Deferred Share Awards").
The normal vesting date for the Deferred Share Awards will be 21 March 2027, 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.
No consideration was paid for the grant of the Deferred Share Awards which are structured as nil cost options.
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 the financial instrument, type of instrument Identification code | Ordinary shares of 10p
ISIN: GB0008025412 | |
| 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 | 234,128 |
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
| e) | Date of the transaction | 21 March 2024 | |
| 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 the financial instrument, type of instrument Identification code | Ordinary shares of 10p
ISIN: GB0008025412 | |
| 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 | 121,359 |
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
| e) | Date of the transaction | 21 March 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
Enquiries:
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| SIG plc |
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| Andrew Watkins | Group General Counsel & Company Secretary | +44 (0) 114 285 6300 |
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