Director/PDMR Shareholding
Saga plc has announced the grant of nil-cost options under its 2026 Restricted Share Plan to two directors, Mike Hazell and Mark Watkins. Mr. Hazell received an award of 111,019 shares, while Mr. Watkins was granted 59,315 shares. These awards were made on 22 April 2026, with the number of shares determined by the weighted average share price of 630.5 pence on 15 April 2026. The awards are subject to a three-year vesting period, a two-year holding period post-vesting, and are contingent on continued service and discretionary performance considerations by the Remuneration Committee.
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Pursuant to the notification obligations under Article 19 of the Market Abuse Regulation, Saga plc (Saga or 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 2026 Restricted Share Plan (RSP)
On 22 April 2026, the Company granted awards (in the form of nil-cost options) over Shares under the Saga plc 2026 RSP as set out in column 3 of the below table.
| 1. Name | 2. Status | 3. No of Shares |
|---|---|---|
| Mike Hazell | Director/PDMR | 111,019 |
| Mark Watkins | Director/PDMR | 59,315 |
No consideration was paid for the grant of the RSP Awards which are structured as nil cost options. The number of Shares granted under each RSP award has been determined by reference to the weighted average price of a Share on 15 April 2026 (630.5 pence per Share).
The normal vesting date of the RSP Awards will be 22 April 2029, 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 (the 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. Mike Hazell 2. Mark Watkins | |
| 2 | Reason for the notification | ||
| a) | Position/status | 1. Director, Group Chief Executive Officer 2. Director, Group Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| a) | Name | Saga plc | |
| b) | LEI | 2138004WWUJN94K2LH95 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 15 pence | |
| GB00BMX64W89 | |||
| b) | Nature of the transaction | Awards made pursuant to the Saga plc 2 024 Restricted Share Plan . | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1. £nil 2. £nil | 1. 111,019 2. 59,315 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 22 April 2026 | |
| f) | Place of the transaction | Outside of trading venue | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.