Last checked at 1 Dec 2023 17:42
LEI: 213800VDC1BKJEZ8PV53 1 December 2023
SIG plc
("SIG" or the "Company")
Notification and public disclosure of Exercise of Restricted Share Plan Awards by Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
Exercise of 2020 Restricted Share Plan ("RSP") Awards
SIG plc announces that on 1 December 2023 Ian Ashton, Chief Financial Officer, exercised nil cost options (the Options) under the RSP to acquire 1,250,000 shares of 10 pence each in the capital of the Company (Shares). 587,564 Shares were sold on 1 December 2023 to realise funds to settle income tax and national insurance obligations arising on exercise of the Options. The balance of 662,436 Shares were retained by him and are subject to a holding period of two years under the RSP rules and the Directors' Remuneration Policy.
This announcement and the following disclosures are made in accordance with the UK Market Abuse Regulation.
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 | 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 each in SIG plc
ISIN: GB0008025412
| ||||
b) | Nature of the transaction | Vesting of share awards granted on 1 December 2020 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 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
GBP 0.28725 | 587,564 | |||||
d) | Aggregated information - Aggregated volume - Price | Aggregate Price | Aggregate Volume | Aggregate Total | ||
| GBP 0.28725 | 587,564 | GBP 168,777.76 | |||
e) | Date of the transaction | 1 December 2023 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market XLON | ||||
Enquiries
SIG plc
Andrew Watkins, Group General Counsel & Company Secretary +44 (0) 0114 285 6300