SIGMAROC PLC — Remuneration Information 2021

Aug 31, 2021

National Storage Mechanism | Additional information

RNS Number : 1093K

SigmaRoc PLC

31 August 2021

31 August 2021

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

SIGMAROC PLC

("SigmaRoc" or the "Company")

Grant of LTIP Awards

Notification and public disclosure of transactions by PDMRs

SigmaRoc plc (AIM:SRC), the AIM quoted buy-and-build quarried materials group, announces that on 31 August 2021 the following awards over ordinary shares of 1 penny each in the capital of the Company were granted under the SigmaRoc plc Performance Share Plan (Long Term Incentive Plan (LTIP)) to the following person(s) discharging managerial responsibilities ("PDMRs"):

Participant	Position	Total No. of Shares under Award
Max Vermorken	Chief Executive Officer	11,221,560
David Barrett	Executive Chairman	4,688,460
Garth Palmer	Chief Financial Officer	3,919,860
Charles Trigg	Chief Technical Officer	3,535,560
Alphons (Fons) Vermorken	Chief Information Officer	2,254,560

Each award comprises three distinct parts ("Part I", "Part II" and "Part III" each a "Part" and a nominal cost option award) relating to separate one thirds of the total number of shares under the relevant award.

The performance vesting of a distinct 75 per cent. of each award (the "EPS Part") will be dependent on the Company's adjusted earnings per share performance for the Company's financial year ending 31 December 2023 ("EPS 2023"). No portion of the EPS Part will performance vest unless EPS 2023 is at least 6 pence for which one quarter of the EPS Part will performance vest rising on a straight-line basis to full performance vesting of the EPS Part for EPS 2023 of 8 pence or higher.

The performance vesting of a distinct 25 per cent. of each award (the "TSR Part") will be dependent on the Company's total shareholder return ("TSR") performance over a three-year period commencing on 31 August 2021 being the date of  admission of the Company's Enlarged Share Capital to  trading on AIM ("Admission") relative to the TSR performance over the same period of the constituents of the AIM 100 Index as at Admission. No portion of the TSR Part will performance vest unless the Company's relative TSR performance is median ranking performance for which one quarter of the TSR Part will performance vest rising on a straight-line basis to full performance vesting of the TSR Part for the Company's relative TSR performance ranking upper quartile or better. The Company's starting TSR for such purposes will be determined by reference to 85 pence (the recent Placing Price) and in the case of the comparator group members, the three months preceding Admission. The end TSRs for such purposes would be determined by reference to a three-month averaging period ending on the last day of the three-year measurement period.

Each Part of an award faces the same performance conditions as described above but the normal vesting dates are that Part I has a normal vesting date of the third anniversary of Admission, Part II the fourth anniversary of Admission and Part III the fifth anniversary of Admission.

The vesting of each Part is also contingent on continued service through to the applicable vesting date, save for good leaver cases.

The awards granted to Mr Max Vermorken, Mr David Barrett and Mr Garth Palmer are subject to a post vesting holding period (net of sales for tax) until the fifth anniversary of the grant of the awards.

Refer to the Company's Admission Document dated 16 July 2021 for further information on the SigmaRoc plc Performance Share Plan.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Unless otherwise defined, or unless context so requires, capitalised terms used but not defined in this announcement have the meanings given to them in the Company's Admission Document dated 16 July 2021

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.   Max Vermorken

2.   David Barrett

3.   Garth Palmer

4.   Charles Trigg

5.   Alphons (Fons) Vermorken

2

Reason for Notification

a)

Position/status

1.   Chief Executive Officer

2.   Executive Chairman

3.   Chief Financial Officer

4.   Chief Technical Officer

5.   Chief Information Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

SigmaRoc plc

b)

LEI

213800Q3CJUERBGD1E44

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 1 penny each in SigmaRoc plc

GB00BYX5K988

b)

Nature of the transaction

Grant of options over Ordinary Shares under the SigmaRoc plc Performance Share Plan with an option price of 1 penny per Ordinary Share.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.         1p 2.         1p 3.         1p 4.         1p 5.         1p	1.         11,221,560 2.         4,688,460 3.         3,919,860 4.         3,535,560 5.         2,254,560

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transactions

e)

Date of the transaction

31 August 2021

f)

Place of the transaction

Outside of a trading venue

Enquiries: 

SigmaRoc plc Max Vermorken	Tel: +44 (0) 207 002 1080
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney / James Dance / Rob Patrick	Tel: +44(0) 207 409 3494
Investor Relations Dean Masefield / Florian Werner	Tel: +44 (0) 207 002 1080 ir@sigmaroc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHDKKBPFBKDFFN