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17 Sep 2009 10:30
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SIG plc
17Β September 2009
Ordinary Shares of 10p each
SIG plc (the "Company")Β announces that on 16Β September 2009 it granted awards in theΒ UKΒ 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 16Β 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 |
Β 76,818 |
250,066Β LTIP |
|
Approved Section1 |
22,354 |
134.2 |
NIL |
22,354Β Approved Section |
|
|
Mr G W Davies |
LTIP |
111,773 |
NIL |
47,281 |
159,054Β LTIP |
|
Approved Section1 |
22,354 |
134.2 |
NIL |
22,354 Approved Section |
|
|
Mr M J Chivers |
LTIP |
80,476 |
NIL |
42,622 |
123,098Β LTIP |
|
Approved Section1 |
22,354 |
134.2 |
NIL |
22,354Β 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 ofΒ 134.2pΒ 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 theΒ LTIPΒ including the Approved Section and the satisfaction of the performance condition, the earliest vesting date of the award isΒ 15Β SeptemberΒ 2012.
1Β Share options were granted underΒ The SIG PlcΒ 2004 Long Term Incentive Plan ApprovedΒ Section ("Approved Section") on similar terms to the LTIPΒ Awards. At the time of exercise, to theΒ extent that there is a gain on the options granted under the ApprovedΒ Section, LTIP AwardsΒ will beΒ forfeited to the same value.
R C Monro
Company Secretary
0114 285 6355
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