6 May 2020 13:51
06 May 2020
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "Group" or "Company")
The private rented sector ("PRS") and urban regeneration specialist
Director Share Purchase and Grant of Options
Sigma, the private rented sector ("PRS"), residential development and urban regeneration specialist, announces that it was today notified, that on 5 May 2020, Ian Sutcliffe, Non-executive Chairman of the Company, purchased 760,000 ordinary shares of 1 pence each ("Ordinary Shares") in the Company at an average price of 86.2 pence per Ordinary Share. Following this transaction, Ian Sutcliffe has a total beneficial holding of 760,000 Ordinary Shares in the Company, representing 0.85% of the total issued share capital.
Sigma further announces that on 5 May 2020, 1,000,000 options over Ordinary Shares of 1p each in the Company ("Options") were granted to Ian Sutcliffe. These Options are exercisable at 86p per share, (being the closing mid-market price on 5 May 2020) between the third and tenth anniversary of grant. The Options are also subject to the following vesting conditions:
· 250,000 Options vest once Sigma's share price reaches £1.00;
· A further 250,000 Options vest once Sigma's share price reaches £1.20; and
· The balance of the Options vest once Sigma's share price reaches £1.40.
Enquiries:
Sigma Capital Group plc | Graham Barnet, Chief Executive | T: 0333 999 9926 | ||
KTZ Communications | Katie Tzouliadis, Dan Mahoney | T: 020 3178 6378 | ||
N+1 Singer(NOMAD and Broker) | James Maxwell, James Moat, Ben Farrow | T: 020 7496 3000 |
NOTES TO EDITORS
About Sigma Capital Group plc(www.sigmacapital.co.uk)
Sigma Capital Group plc ("Sigma") is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors. Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc. In April 2019, Sigma launched the Sigma Scottish PRS Fund, the first dedicated vehicle to focus on the creation of new rental homes for families in the private rented sector in Scotland, and in October 2019 Sigma announced the expansion of its build-to-rent activities in London.
About Sigma PRS Management Ltd
Sigma PRS Management Limited is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc and is Investment Adviser to The PRS REIT plc. It sources investments and operationally manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The Investment Manager is G10 Capital Limited. Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:648953)
About The PRS REIT plc(www.theprsreit.com)
The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.
LEI: 21380037Q91HU97WZX58
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Ian Sutcliffe
| |||
2
| Reason for the notification | ||||
a)
| Position/status
| Non-executive Chairman | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name
| Sigma Capital Group plc | |||
b)
| LEI
| 213800CICQ43GEU1AO02 | |||
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 | Ordinary shares of 1p each ("Ordinary Shares") | |||
Identification code | GB0004225073 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
86.2 pence | 760,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price | |||||
e)
| Date of the transaction
| 5 May 2020 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Ian Sutcliffe
| |||
2
| Reason for the notification | ||||
a)
| Position/status
| Non-executive Chairman | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name
| Sigma Capital Group plc | |||
b)
| LEI
| 213800CICQ43GEU1AO02 | |||
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 | Ordinary shares of 1p each ("Ordinary Shares") | |||
Identification code | GB0004225073 | ||||
b)
| Nature of the transaction
| Grant of options over Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Exercise price 86p per share | 1,000,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price | |||||
e)
| Date of the transaction
| 5 May 2020 | |||
f)
| Place of the transaction
| Outside of trading venue | |||