Last checked at 1 Dec 2020 14:25
1 December 2020
SIG plc
("SIG" or the "Company")
Notification and public disclosure of Restricted Share Plan Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
LEI: 213800VDC1BKJEZ8PV53
Following shareholder approval of the SIG plc 2020 Restricted Share Plan ("RSP") at the General Meeting held on 17 November 2020, SIG plc confirms that on 1 December 2020, the following awards were granted over the Company's Ordinary £0.10 Shares under the RSP to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company.
Name | Status | Number of Ordinary Shares under RSP Award | Option Price |
Stephen Francis | Chief Executive Officer | 1,800,000 | £Nil |
Ian Ashton | Chief Financial Officer | 1,250,000 | £Nil |
No consideration was paid for the grant of the RSP Awards which are structured as nil cost options. The number of Ordinary Shares granted under each RSP Award has been calculated using an Ordinary Share price of 30 pence per share (the recent placing and open offer price) as set out in the General Meeting Circular and Notice of Meeting.
The normal vesting date of the RSP Awards will be 1 December 2023, being the third anniversary of the award date. Once vested, the RSP Awards will normally be exercisable until the day before the tenth anniversary of the award date. The RSP Awards are subject to a two-year holding period commencing on vesting.
This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Stephen Francis | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Chief Executive Officer) | |
b) | Initial notification/Amendment | This is an 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 nil cost option under the SIG plc 2020 Restricted Share Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
GBP Nil | 1,800,000 | ||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
e) | Date of the transaction | 1 December 2020 | |
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 | This is an 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 nil cost option under the SIG plc 2020 Restricted Share Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
GBP Nil | 1,250,000 | ||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
e) | Date of the transaction | 1 December 2020 | |
f) | Place of the transaction | Outside a trading venue | |
Enquiries:
SIG plc | ||
Kulbinder Dosanjh | Group Company Secretary | +44 (0) 114 285 6300 |