TIDMSAGA

RNS Number : 2400S

SAGA PLC

02 November 2023

2 NOVEMBER 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 1 November 2023, the following award was granted over the Company's Shares under the Saga plc 2023 Restricted Share Plan (the RSP) to the following director / PDMR of the Company.

 
 Name          Status            Number of Ordinary   Award Price 
                                  Shares under 
                                  RSP Award 
 Mike Hazell   Director / PDMR   210,068              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 Award will be 1 November 2026, being the third anniversary of the award date. Once vested, the RSP Award will normally be exercisable until the day before the tenth anniversary of the award date. The RSP Award is subject to a two-year holding period commencing on vesting.

The RSP Award 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                                      Mike Hazell 
       ----------------------------------------  ------------------------------------------- 
        Reason for the notification 
  2. 
       ------------------------------------------------------------------------------------- 
 a)     Position / status                         Director, Group Chief Financial 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                                                             210,068 
  -------------------------------------------------------------------  --------------------- 
 d)     Aggregated information 
          *    Aggregated volume                    N/A 
 
 
          *    Price 
       ----------------------------------------  ------------------------------------------- 
 e)     Date of the transaction                   1 November 2023 
       ----------------------------------------  ------------------------------------------- 
 f)     Place of the transaction                   Outside of trading venue 
       ----------------------------------------  ------------------------------------------- 
 

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END

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November 02, 2023 10:44 ET (14:44 GMT)

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