Last checked at 7 Oct 2020 17:13
SAGA PLC ("THE COMPANY")
Notification of Interest of Directors/Persons Discharging Managerial Responsibilities ("PDMRs")
7 October 2020
Further to the Company's announcement on 2 October 2020 of the results of the Open Offer, and pursuant to the notification obligations under Article 19 of the Market Abuse Regulation, the Company announces that New Shares were issued to its Directors pursuant to the Capital Raising.
Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Company's announcement of the launch of the Capital Raising on 10 September 2020.
The information contained in this announcement reflects the participation in the Capital Raising of Sir Roger De Haan and the take up of entitlements to subscribe for New Shares under the Open Offer by the Directors and PDMRs of the Company and updates information relating to interests in Ordinary Shares published by the Company in previous announcements and in the Prospectus published by the Company on 11 September 2020.
The interests of Sir Roger De Haan and his connected persons in Ordinary Shares immediately following the Capital Raising are set out below:
Name | Number of First Firm Placing Shares issued | First Firm Placing Price | Number of Second Firm Placing Shares issued | Second Firm Placing Price | Number of New Shares in the Placing and Open Offer issued | Open Offer Price | Number of Ordinary Shares - post-Capital Raising |
Sir Roger De Haan | 224,400,000 | 27 pence per First Firm Placing Share | 124,183,026 | 12 pence per Second Firm Placing Share | 204,250,307 | 12 pence per New Share | 552,833,333 |
The interests of the Directors (other than Sir Roger De Haan) and their connected persons in Ordinary Shares immediately following the Placing and the Open Offer and the issue of Open Offer Shares at a price of 12 pence per Open Offer Share are set out below:
Name | Number of Ordinary Shares - pre-Placing and Open Offer | Number of Open Offer Shares issued | Number of Ordinary Shares - post-Placing and Open Offer |
Cheryl Agius | 95,408 | 53,004 | 148,412 |
Eva Eisenschimmel | 41,354 | 22,974 | 64,328 |
Julie Hopes | 42,617 | 23,676 | 66,293 |
Gareth Hoskin | 135,178 | 75,098 | 210,276 |
Orna NiChionna | 29,195 | 16,219 | 45,414 |
James Quin | 142,964 | 79,424 | 222,388 |
Euan Sutherland | 253,984 | 141,102 | 395,086 |
Gareth Williams | 43,817 | 24,342 | 68,159 |
The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation:
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||||||
a) | Name | Sir Roger De Haan | |||||||||||||
2. | Reason for the notification | ||||||||||||||
a) | Position/status | Chairman | |||||||||||||
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; (iv) each place where transactions have been conducted | ||||||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares
ISIN: GB00BLT1Y088 | |||||||||||||
b) | Nature of the transaction | Subscription of ordinary shares | |||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| |||||||||||||
e) | Date of the transaction | 2020-10-05 | |||||||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||||||
1. | Details of the person(s) discharging managerial responsibilities/ person closely associated | ||||||||
a) | Name | 1. Cheryl Agius 2. Eva Eisenschimmel 3. Julie Hopes 4. Gareth Hoskin 5. Orna NiChionna 6. James Quin 7. Euan Sutherland 8. Gareth Williams | |||||||
2. | Reason for the notification | ||||||||
a) | Position/status | This notification concerns persons discharging managerial responsibilities as follows: 1. Chief Executive Officer of Insurance 2. Non-Executive Director 3. Non-Executive Director 4. Non-Executive Director 5. Senior Independent Non-Executive Director 6. Group Chief Financial Officer 7. Group Chief Executive Officer 8. Non-Executive Director | |||||||
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; (iv) each place where transactions have been conducted | ||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares
ISIN: GB00BLT1Y088 | |||||||
b) | Nature of the transaction | Subscription of ordinary shares | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
| |||||||
e) | Date of the transaction | 2020-10-05 | |||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||
Enquiries
Saga plc
Vicki Haynes, Company Secretary Tel: 01303 771199
Enbrook Park
Sandgate
Folkestone
Kent
CT20 3SE