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14 Aug 2019 15:55
14 August 2019
SAGA PLC ("THE COMPANY") - DIRECTOR/PDMR SHAREHOLDING
Pursuant to the notification obligations under article 19 of the Market Abuse Regulation, the Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of 1 pence each in the Company ("Shares") on 12 August 2019.
Long Term Incentive Plan ("LTIP")
On 12 August 2019, the Company granted an award (in the form of nil-cost options) over Shares under the LTIP ("LTIP Award") as set out in column 3 of the table below. The number of Shares subject to the LTIP Award has been determined by reference to the mid-market price of a Share on Friday, 9 August 2019 (44.56 pence per Share).
In addition, the Company has granted market value options under the Company share option plan section of the LTIP ("CSOP options") over the number of Shares set out in column 4 of the table below. The exercise price of each CSOP option is 44.56 pence per Share, being the mid-market price of a Share on Friday 9 August 2019. The number of Shares that is capable of exercise under the LTIP Award will be reduced by such number of Shares as has a market value (at the date of exercise of the linked CSOP option) equal to the gain made on the exercise of the CSOP option. Overall, the participant's pre-tax economic gain from the LTIP Award is the same as if the CSOP option was not in place.
1. Name | 2. Status | 3. No of Shares subject to LTIP award | 4. No. of Shares subject to CSOP Option | 5. Lapse Date |
James Quin | Director/PDMR | 1,660,682 | 67,324 | 12 August 2029 |
Rob Allan | PDMR | 320,466 | N/A | 12 August 2029 |
Stuart Beamish | PDMR | 516,157 | N/A | 12 August 2029 |
Julius Christmas | PDMR | 457,809 | N/A | 12 August 2029 |
Gary Duggan | PDMR | 785,457 | N/A | 12 August 2029 |
Robin Shaw | PDMR | 650,807 | N/A | 12 August 2029 |
Helen Webb | PDMR | 201,974 | N/A | 12 August 2029 |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | 1. James Quin 2. Rob Allan 3. Stuart Beamish 4. Julius Christmas 5. Gary Duggan 6. Robin Shaw 7. Helen Webb | |
2 | Reason for the notification | ||
a) | Position/status | 1. Director, Group Chief Financial Officer 2. PDMR 3. PDMR 4. PDMR 5. PDMR 6. PDMR 7. PDMR
| |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Saga plc | |
b) | LEI | 2138004WWUJN94K2LH95 | |
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 1p | |
GB00BLT1Y088 | |||
b) | Nature of the transaction | Awards made pursuant to the Saga plc Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £nil 2. £nil 3. £nil 4. £nil 5. £nil 6. £nil 7. £nil | 1. 1,660,682 2. 320,466 3. 516,157 4. 457,809 5. 785,457 6. 650,807 7. 201,974 | ||
d) | Aggregated information - Aggregated volume - Price | Aggregated volume: n/a | |
e) | Date of the transaction | 12 August 2019 | |
f) | Place of the transaction | Outside of trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | James Quin | |
2 | Reason for the notification | ||
a) | Position/status | Director, Group 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 | Saga plc | |
b) | LEI | 2138004WWUJN94K2LH95 | |
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 1p | |
GB00BLT1Y088 | |||
b) | Nature of the transaction | CSOP Options- section of the LTIP | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
44.56p
| 67,324 | ||
d) | Aggregated information - Aggregated volume - Price | Aggregated volume: n/a | |
e) | Date of the transaction | 12 August 2019 | |
f) | Place of the transaction | Outside of trading venue | |
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