TIDMSHI

RNS Number : 1037U

SIG PLC

31 March 2021

31 March 2021

SIG plc

("SIG" or the "Company")

Notification and public disclosure of Deferred Share Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

LEI: 213800VDC1BKJEZ8PV53

SIG plc announces that on 29 March 2021, the following award was granted over the Company's Ordinary Shares of 10 pence each to directors / persons discharging managerial responsibility ("PDMRs") of the Company.

 
 Name             Status        Number of Ordinary   Option Price 
                                      Shares 
 Ian Ashton   Chief Financial         80,128            GBPNil 
                  Officer 
             ----------------  -------------------  -------------

No consideration was paid for the grant of the award which are structured as nil cost options. The Deferred Share Award is granted under the SIG plc 2018 Bonus Plan and in line with the Directors' Remuneration Policy 2020. The number of Ordinary Shares granted has been calculated using an Ordinary Share price of 39.0 pence per share.

The vesting date for the shares will be 29 March 2024 being the third anniversary of the award date. Once vested, the shares will normally be exercisable until the day before the tenth anniversary of the award date. The shares are subject to a two-year holding period commencing on vesting.

This announcement and the following disclosures are made in accordance with Article 19 of 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                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                                Ordinary shares of 10p 
        the financial instrument, 
        type of instrument                            ISIN: GB0008025412 
        Identification 
        code 
      --------------------------------------------  ------------------------------------------ 
 b)    Nature of the transaction                     Grant of nil cost option under the SIG 
                                                      plc 2018 Bonus Plan 
      --------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)                        Price(s)               Volume(s) 
      --------------------------------------------  ---------------------  ------------------- 
   GBP Nil                                                                  80,128 
  -----------------------------------------------------------------------  ------------------- 
 d)         Aggregated information 
              *    Aggregated volume                   Not applicable - single transaction 
 
 
              *    Price 
      --------------------------------------------  ------------------------------------------ 
 e)    Date of the transaction                       29 March 2021 
      --------------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ------------------------------------------

Enquiries:

 
 
 SIG plc 
 Kulbinder Dosanjh   Group Company Secretary    +44 (0) 114 285 6300

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END

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