Director/PDMR Shareholding
SIG plc announced the appointment of Pim Vervaat as a director, Group Chief Executive Officer, and Chair designate, effective today. In connection with his appointment, Vervaat was granted a one-off recruitment restricted share award over 14,674,121 of the company's ordinary shares of 10 pence each, with an option price of £Nil. The award's vesting date is set for April 1, 2027, and will be exercisable until the day before the tenth anniversary of the award date. Furthermore, Vervaat has purchased 2,500,000 shares since his appointment announcement, committing to hold them until the award vests or lapses.
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Notification and public disclosure of the grant of a recruitment restricted share award to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
SIG plc announces that, following its announcement of 8 July, Pim Vervaat has today been appointed a director of the Company, Group Chief Executive Officer and Chair designate. As also announced on 8 July, Pim has today been granted a one-off recruitment restricted share award over the Company's Ordinary Shares of 10 pence each ("Shares") on the terms set out in the shareholder circular dated 5 August 2025 (the "Award"). The making of the Award was approved by shareholders at the general meeting on 28 August.
| Name | Status | Number of Shares under the Award | Option Price |
|---|---|---|---|
| Pim Vervaat | Chief Executive Officer and Chair designate | 14,674,121 | £Nil |
The vesting date for the Award is 1 April 2027. Once vested, the Award will be exercisable until the day before the tenth anniversary of the Award date. The Shares that are the subject of the Award are subject to a minimum holding period which ends on the later of (i) the fifth anniversary of the date of grant, and (ii) the date on which he ceases to be a director of the Company (including as non-executive Chair). No consideration was paid for the grant of the Award which is structured as a nil cost option.
In addition to the Shares that are the subject of the Award, Pim has purchased, as beneficial owner, 2,500,000 Shares since the announcement of his appointment on 8 July. He has committed to hold these Shares at least until the date that the Award vests (or, if earlier, lapses).
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Pim Vervaat | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR (Chief Executive Officer and Chair designate) | |
| b) | Initial notification/Amendment | Initial notification | |
| a) | Name | SIG plc | |
| b) | LEI | 213800VDC1BKJEZ8PV53 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10p ISIN: GB0008025412 | |
| b) | Nature of the transaction | Grant of a one-off recruitment restricted share award for nil consideration | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| GBP Nil | 14,674,121 | ||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | |
| e) | Date of the transaction | 1 October 2025 | |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.