LEI: 213800VDC1BKJEZ8PV53 4 April 2024
SIG plc
("SIG" or the "Company")
Notification and public disclosure of Exercise of Restricted Share Plan and Deferred Bonus Plan Awards by Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
Exercise of 2021 Restricted Share Plan ("RSP") Awards
On 2 April 2024 Ian Ashton, Chief Financial Officer, exercised nil cost options (the "RSP Options") under the RSP to acquire 975,961 shares of 10 pence each in the capital of the Company ("Shares"). 469,520 Shares were sold on 2 April 2024 to realise funds to settle income tax and national insurance obligations arising on exercise of the RSP Options. The balance of 506,441 Shares were retained by him and are subject to a holding period of two years under the Directors' Remuneration Policy.
Exercise of 2020 Deferred Bonus Plan ("DBP") Awards
In addition, on 2 April 2024 Ian Ashton, Chief Financial Officer, exercised nil cost options (the "DBP Options") under the DBP to acquire 80,128 shares of 10 pence each in the capital of the Company ("Shares"). 37,796 Shares were sold on 2 April 2024 to realise funds to settle income tax and national insurance obligations arising on exercise of the DBP Options. The balance of 42,332 Shares were retained by him and are subject to a holding period of two years under 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 | ||||
| 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 | Exercise of share awards granted on 29 March 2021 under the SIG plc 2020 Restricted Share Plan | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| |
| GBP Nil | 975,961 | |||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction
| ||||
| e) | Date of the transaction | 2 April 2024 | ||||
| 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 the financial instrument, type of instrument Identification code | Ordinary shares of 10p
ISIN: GB0008025412
| ||||
| b) | Nature of the transaction | Sale of shares | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| | | GBP 0.2795 | 469,520 | |||
| d) | Aggregated information - Aggregated volume - Price | Aggregate Price | Aggregate Volume | Aggregate Total | ||
| |
| GBP 0.2795 | 469,520 | GBP 131,231 | ||
| e) | Date of the transaction | 2 April 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market XLON | ||||
| 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 | ||||
| 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 | Exercise of share awards granted on 29 March 2021 under the SIG plc 2018 Deferred Bonus Plan | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| |
| GBP Nil | 80,128 | |||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction
| ||||
| e) | Date of the transaction | 2 April 2024 | ||||
| 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 the financial instrument, type of instrument Identification code | Ordinary shares of 10p
ISIN: GB0008025412
| ||||
| b) | Nature of the transaction | Sale of shares | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| | | GBP 0.2930 | 37,796 | |||
| d) | Aggregated information - Aggregated volume - Price | Aggregate Price | Aggregate Volume | Aggregate Total | ||
| |
| GBP 0.2930 | 37,796 | GBP 11,074 | ||
| e) | Date of the transaction | 2 April 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market XLON | ||||
Enquiries
SIG plc
Andrew Watkins, Group General Counsel & Company Secretary +44 (0) 0114 285 6300
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