SAGA PLC Director/PDMR Shareholding (6015C)
13 Junio 2023 - 11:00AM
UK Regulatory
TIDMSAGA
RNS Number : 6015C
SAGA PLC
13 June 2023
13 JUNE 2023
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 15 pence
each in the Company (Shares).
GRANT OF AWARDS UNDER THE SAGA PLC 2023 RESTRICTED SHARE
PLAN
On 12 June 2023, the following awards were granted over the
Company's Shares under the Saga plc 2023 Restricted Share Plan (the
RSP) to certain directors / PDMRs of the Company.
Name Status Number of Ordinary Award Price
Shares under
RSP Award
Euan Sutherland Director / PDMR 343,299 GBP Nil
---------------- ------------------- ------------
James Quin Director / PDMR 176,602 GBP Nil
---------------- ------------------- ------------
Steve Kingshott Director/PDMR 141,418 GBP Nil
---------------- ------------------- ------------
No consideration was paid for the grant of the RSP Awards which
are structured as nil cost options. The number of Ordinary Shares
granted under each RSP Award has been calculated using the historic
Ordinary Share price on 12 July 2022 of 174.8 pence per share which
was used for the July 2022 Restricted Share Plan award.
The normal vesting date of the RSP Awards will be 12 June 2026,
being the third anniversary of the award date. Once vested, the RSP
Awards will normally be exercisable until the day before the tenth
anniversary of the award date. The RSP Awards are subject to a
two-year holding period commencing on vesting.
The RSP Awards will ordinarily vest after three years subject to
the grantee's continued service and a discretionary underpin that
allows the Remuneration Committee to make adjustments to the level
of vesting if the Committee believes due to business performance,
individual performance or wider Company considerations that the
vesting should be adjusted. This will include consideration of all
relevant factors, including any windfall gains.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name 1. Euan Sutherland
2. James Quin
3. Steve Kingshott
--------------------------------------- ------------------------------------------------
Reason for the notification
2.
-----------------------------------------------------------------------------------------
a) Position / status 1. Director, Group Chief Executive Officer
2. Director, Group Chief Financial Officer
3. Director, Saga Insurance Chief Executive
Officer
--------------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/ amendment
----- --------------------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----- -----------------------------------------------------------------------------------------
a) Name Saga plc
--------------------------------------- ------------------------------------------------
b) LEI 2138004WWUJN94K2LH95
--------------------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4. (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 15 pence
the financial instrument
Identification
code
--------------------------------------- ------------------------------------------------
GB00BMX64W89
----------------------------------------------------------------------------------------------
b) Nature of transaction Grant of nil cost option under the Saga
plc 2023 Restricted Share Plan
--------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------- ------------------------- ---------------------
1. GBPnil 343,299
2. GBPnil 176,602
3. GBPnil 141,418
----------------------------------------------------------------------- ---------------------
d) Aggregated information
* Aggregated volume N/A
* Price
--------------------------------------- ------------------------------------------------
e) Date of the transaction 12 June 2023
--------------------------------------- ------------------------------------------------
f) Place of the transaction Outside of trading venue
--------------------------------------- ------------------------------------------------
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END
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June 13, 2023 12:00 ET (16:00 GMT)
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