Last checked at 17 Sep 2009 10:30
SIG plc
17 September 2009
Ordinary Shares of 10p each
SIG plc (the "Company") announces that on 16 September 2009 it granted awards in the UK over ordinary shares in the Company in connection with the SIG plc 2004 Long Term Incentive Plan ("LTIP").
Pursuant to DR 3.1.4 and following notifications received on 16 September 2009 in fulfilment of the obligations imposed by DR 3.12 we hereby announce that the following awards have been granted to PDMRs.
| PDMR | Plan | Current Award | Exercise Price (pence) | Existing Award | Total number of shares over which awards now held |
| Mr C J Davies | LTIP | 173,248 | NIL | 76,818 | 250,066 LTIP |
| Approved Section1 | 22,354 | 134.2 | NIL | 22,354 Approved Section | |
| Mr G W Davies | LTIP | 111,773 | NIL | 47,281 | 159,054 LTIP |
| Approved Section1 | 22,354 | 134.2 | NIL | 22,354 Approved Section | |
| Mr M J Chivers | LTIP | 80,476 | NIL | 42,622 | 123,098 LTIP |
| Approved Section1 | 22,354 | 134.2 | NIL | 22,354 Approved Section |
The awards take the form of options, being an option under the performance share plan, with a nil exercise price, together with an option under the approved section at an exercise price of 134.2p per share, to acquire shares in the future, subject to the performance condition being achieved.
The performance condition relates to underlying EPS for the financial year ending on 31 December 2011. Subject to the rules of the LTIP including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the award is 15 September 2012.
1 Share options were granted under The SIG Plc 2004 Long Term Incentive Plan Approved Section ("Approved Section") on similar terms to the LTIP Awards. At the time of exercise, to the extent that there is a gain on the options granted under the Approved Section, LTIP Awards will be forfeited to the same value.
R C Monro
Company Secretary
0114 285 6355