8 Nov 2018 14:25
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8 November 2018
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SIG plc
("SIG" or the "Company")
Notification and public disclosure of LTIP Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
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LEI: 213800VDC1BKJEZ8PV53
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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.
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Name Status No. of shares under award
Meinie Oldersma Director 1,494,478
Group Chief Executive
Nick Maddock Director 960,735
Chief Financial Officer
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This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.
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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) |
 |  | GBP Nil | 1,494,478 |
d) | Aggregated information - Aggregated volume - Price | Â Not applicable - single transaction | |
e) | Date of the transaction | 8 November 2018 | |
f) | Place of the transaction | Outside a trading venue |
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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 | Â Not applicable - single transaction | |
e) | Date of the transaction | 8 November 2018 | |
f) | Place of the transaction | Outside a trading venue |
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Enquiries:
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SIG plc | Â | Â |
Richard Monro | Group Company Secretary | +44 (0) 114 285 6300 |
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