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SAGA PLC — Remuneration Information 2018
May 4, 2018
4914_dirs_2018-05-04_ba2b9fdb-7203-4cac-b55f-f537c5bbf382.html
Remuneration Information
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RNS Number : 2257N
SAGA PLC
04 May 2018
4 May 2018
SAGA PLC ("THE COMPANY") - DIRECTOR/PDMR SHAREHOLDING
Pursuant to the notification obligations under article 19 of the Market Abuse Regulation, the Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of 1 pence each in the Company ("Shares") on 1 May 2018.
Long Term Incentive Plan ("LTIP")
On 1 May 2018, the Company granted an award (in the form of nil-cost options) over Shares under the LTIP ("LTIP Award") as set out in column 3 of the table below. The number of Shares subject to the LTIP Award has been determined by reference to the mid-market price of a Share on Monday, 30 April 2018 (135.90 pence per Share).
In addition, the Company has granted market value options under the Company share option plan section of the LTIP ("CSOP options") over the number of Shares set out in column 4 of the table below. The exercise price of each CSOP option is 135.90 pence per Share, being the mid-market price of a Share on Monday 30 April 2018. The number of Shares that is capable of exercise under the LTIP Award will be reduced by such number of Shares as has a market value (at the date of exercise of the linked CSOP option) equal to the gain made on the exercise of the CSOP option. Overall, the participant's pre-tax economic gain from the LTIP Award is the same as if the CSOP option was not in place.
| 1. Name | 2. Status | 3. No of Shares subject to LTIP award | 4. No. of Shares subject to CSOP Option | 5. Lapse Date |
| Lance Batchelor | Director/PDMR | 1,015,136 | 7,595 | 30 April 2028 |
| Andrew Button | PDMR | 153,112 | 7,595 | 30 April 2028 |
| Karen Caddick | PDMR | 195,218 | N/A | 30 April 2028 |
| Jules Christmas | PDMR | 147,167 | 7,595 | 30 April 2028 |
| Gary Duggan | PDMR | 257,542 | N/A | 30 April 2028 |
| Robin Shaw | PDMR | 191,317 | 22,075 | 30 April 2028 |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. Lance Batchelor 2. Andrew Button 3. Karen Caddick 4. Jules Christmas 5. Gary Duggan 6. Robin Shaw |
|
| 2 | Reason for the notification | ||
| a) | Position/status | 1. Director, Group Chief Executive Officer 2. PDMR 3. PDMR 4. PDMR 5. PDMR 6. PDMR |
|
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Saga plc | |
| b) | LEI | 2138004WWUJN94K2LH95 | |
| 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 1p | |
| GB00BLT1Y088 | |||
| b) | Nature of the transaction | Awards made pursuant to the Saga plc Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1. £nil 2. £nil 3. £nil 4. £nil 5. £nil 6. £nil |
1. 1,015,136 2. 153,112 3. 195,218 4. 147,167 5. 257,542 6. 191,317 |
||
| d) | Aggregated information - Aggregated volume - Price |
Aggregated volume: n/a |
|
| e) | Date of the transaction | 1 May 2018 | |
| f) | Place of the transaction | Outside of trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. Lance Batchelor 2. Andrew Button 3. Jules Christmas 4. Robin Shaw |
|
| 2 | Reason for the notification | ||
| a) | Position/status | 1. Director, Group Chief Executive Officer 2. PDMR 3. PDMR 4. PDMR |
|
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Saga plc | |
| b) | LEI | 2138004WWUJN94K2LH95 | |
| 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 1p | |
| GB00BLT1Y088 | |||
| b) | Nature of the transaction | CSOP Options- section of the LTIP | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1. 135.9p 2. 135.9p 3. 135.9p 4. 135.9p |
1. 7,595 2. 7,595 3. 7,595 4. 22,075 |
||
| d) | Aggregated information - Aggregated volume - Price |
Aggregated volume: n/a |
|
| e) | Date of the transaction | 1 May 2018 | |
| f) | Place of the transaction | Outside of trading venue |
This information is provided by RNS
The company news service from the London Stock Exchange
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