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SIG PLC Remuneration Information 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8771E
SIG PLC
15 March 2022
15 March 2022
SIG plc
("SIG" or the "Company")
Notification and public disclosure of Restricted Share Plan Awards and Deferred Share Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
LEI: 213800VDC1BKJEZ8PV53
SIG plc announces that on 14 March 2022, the following awards were granted over the Company's Ordinary Shares of 10 pence each ("Shares") under the SIG plc Restricted Share Plan ("RSP") to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company (the "RSP Awards").
| Name | Status | Number of Shares under the RSP Awards | Option Price |
| Stephen Francis | Chief Executive Officer | 1,435,766 | £Nil |
| Ian Ashton | Chief Financial Officer | 997,060 | £Nil |
The SIG plc Bonus Plan provides that, in accordance with the Directors' Remuneration Policy approved by shareholders in 2020, for each Executive Director one-third of his annual bonus earned up to 100% of his annual salary is to be deferred into Shares and that all bonus earned above 100% of salary is to be deferred into Shares (the "Deferred Share Awards"). SIG plc announces that also on 14 March 2022, the following Deferred Share Awards were granted to certain PDMRs.
| Name | Status | Number of Shares under the Deferred Share Awards | Option Price |
| Stephen Francis | Chief Executive Officer | 889,340 | £Nil |
| Ian Ashton | Chief Financial Officer | 403,107 | £Nil |
The RSP Awards and the Deferred Share Awards are together referred to as the "Awards".
No consideration was paid for the grant of the Awards which are structured as nil cost options. The number of Shares granted under the Awards has been calculated using a price of 39.32 pence per Share.
The normal vesting date for the Awards will be 14 March 2025, being the third anniversary of the award date. Once vested, the Awards will normally be exercisable until the day before the tenth anniversary of the award date. The Shares that are the subject of the Awards are subject to a further 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 | Stephen Francis | |
| 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 nil cost option | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| GBP Nil | 2,325,106 | ||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
| e) | Date of the transaction | 14 March 2022 | |
| f) | Place of the transaction | Outside a trading venue |
| 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 the financial instrument, type of instrument Identification code |
Ordinary shares of 10p ISIN: GB0008025412 |
|
| b) | Nature of the transaction | Grant of nil cost option | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| GBP Nil | 1,400,167 | ||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
| e) | Date of the transaction | 14 March 2022 | |
| f) | Place of the transaction | Outside a trading venue |
Enquiries:
| SIG plc | ||
| Andrew Watkins | Group General Counsel & Company Secretary | +44 (0) 114 285 6300 |
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