Last checked at 8 Nov 2018 14:25
8 November 2018
SIG plc
("SIG" or the "Company")
Notification and public disclosure of LTIP Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
LEI: 213800VDC1BKJEZ8PV53
Following shareholder approval of the SIG plc 2018 Long Term Incentive Plan ("LTIP") at the General Meeting held on 7 November 2018, SIG plc confirms that awards were granted under the terms of the LTIP to Executive Directors as set out below. The awards were granted on 8 November 2018 and will vest at the end of a three-year period depending on the achievement of performance targets (the detail of which was provided in the Notice of General Meeting), and are then subject to a further two-year holding period. The awards take the form of nil cost options, being an option under the LTIP, with a nil exercise price.
Name Status No. of shares under award
Meinie Oldersma Director 1,494,478
Group Chief Executive
Nick Maddock Director 960,735
Chief Financial Officer
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 | Meinie Oldersma | |
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 an award under the SIG plc 2018 Long Term Incentive Plan as a nil cost option over shares. Subject to performance criteria and continued service, normally vests after 3 years and subject to a further 2 year holding period | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
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| GBP Nil | 1,494,478 |
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
e) | Date of the transaction | 8 November 2018 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Nick Maddock | |
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 an award under the SIG plc 2018 Long Term Incentive Plan as a nil cost option over shares. Subject to performance criteria and continued service, normally vests after 3 years and subject to a further 2 year holding period | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| GBP Nil | 960,735 |
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
e) | Date of the transaction | 8 November 2018 | |
f) | Place of the transaction | Outside a trading venue | |
Enquiries:
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SIG plc |
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Richard Monro | Group Company Secretary | +44 (0) 114 285 6300 |