TIDMSAGA

RNS Number : 1404R

SAGA PLC

25 June 2020

25 June 2020

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").

GRANT OF AWARDS UNDER THE SAGA PLC 2020 RESTRICTED SHARE PLAN

On 24 June 2020, the following awards were granted over the Company's Shares under the Saga plc 2020 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   2,716,186            GBP Nil 
                   ----------------  -------------------  ------------ 
 James Quin         Director / PDMR   1,333,148            GBP Nil 
                   ----------------  -------------------  ------------ 
 Cheryl Agius       Director / PDMR   1,133,037            GBP Nil 
                   ----------------  -------------------  ------------ 
 Stuart Beamish     PDMR              509,977              GBP Nil 
                   ----------------  -------------------  ------------ 
 Julius Christmas   PDMR              452,328              GBP Nil 
                   ----------------  -------------------  ------------ 
 Nicholas Stace     PDMR              554,323              GBP Nil 
                   ----------------  -------------------  ------------ 
 Jane Storm         PDMR              665,188              GBP Nil 
                   ----------------  -------------------  ------------ 
 Helen Webb         PDMR              443,458              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 an Ordinary Share price of 18.04 pence per share being the MMQ of a share for the dealing day preceding the date of grant.

The normal vesting date of the RSP Awards will be 24 June 2023, 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.

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                    1. Euan Sutherland 
                                                2. James Quin 
                                                3. Cheryl Agius 
                                                4. Stuart Beamish 
                                                5. Julius Christmas 
                                                6. Nicholas Stace 
                                                7. Jane Storm 
                                                8. Helen Webb 
      --------------------------------------  ----------------------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------------------------------- 
 a)    Position / status                       1. Director, Group Chief Executive Officer 
                                                2. Director, Group Chief Financial Officer 
                                                3. Director, CEO of Insurance 
                                                4. PDMR 
                                                5. PDMR 
                                                6. PDMR 
                                                7. PDMR 
                                                8. PDMR 
      --------------------------------------  ----------------------------------------------- 
 b)    Initial notification                    Initial notification 
        / amendment 
      --------------------------------------  ----------------------------------------------- 
 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                           Ordinary shares of 1 pence 
        the financial instrument 
        Identification 
        code 
      --------------------------------------  ----------------------------------------------- 
   GB00BLT1Y088 
  ------------------------------------------------------------------------------------------- 
 b)    Nature of transaction                   Grant of nil cost option under the Saga 
                                                plc 2020 Restricted Share Plan 
      --------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s)                         Price(s)                Volume(s) 
      --------------------------------------  -----------------------  ---------------------- 
   1. GBPnil                                                             2,716,186 
    2. GBPnil                                                             1,333,148 
    3. GBPnil                                                             1,133,037 
    4. GBPnil                                                             509,977 
    5. GBPnil                                                             452,328 
    6. GBPnil                                                             554,323 
    7. GBPnil                                                             665,188 
    8. GBPnil                                                             443,458 
  -------------------------------------------------------------------  ---------------------- 
 d)    Aggregated information 
         *    Aggregated volume                  N/A 
 
 
         *    Price 
      --------------------------------------  ----------------------------------------------- 
 e)    Date of the transaction                  24 June 2020 
      --------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction                 Outside of trading venue 
      --------------------------------------  ----------------------------------------------- 
 

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.

END

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