TIDMSAGA

RNS Number : 8712S

SAGA PLC

18 July 2022

18 JULY 2022

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 2022 RESTRICTED SHARE PLAN

On 13 July 2022, the following awards were granted over the Company's Shares under the Saga plc 2022 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   333,300              GBP Nil 
                  ----------------  -------------------  ------------ 
 James Quin        Director / PDMR   171,458              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 174.8 pence per share being the mid-market quotation (the MMQ) of a share for the dealing day preceding the date of grant.

The normal vesting date of the RSP Awards will be 13 July 2025, 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 
       ---------------------------------------  ----------------------------------------------- 
        Reason for the notification 
  2. 
       ---------------------------------------------------------------------------------------- 
 a)     Position / status                        1. Director, Group Chief Executive Officer 
                                                  2. 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 2022 Restricted Share Plan 
       ---------------------------------------  ----------------------------------------------- 
 c)     Price(s) and volume(s)                          Price(s)                 Volume(s) 
       ---------------------------------------  ------------------------  --------------------- 
                                                 1. GBPnil                  333,300 
    2. GBPnil                                                                171,458 
  ----------------------------------------------------------------------  --------------------- 
 d)     Aggregated information 
          *    Aggregated volume                   N/A 
 
 
          *    Price 
       ---------------------------------------  ----------------------------------------------- 
 e)     Date of the transaction                   13 July 2022 
       ---------------------------------------  ----------------------------------------------- 
 f)     Place of the transaction                  Outside of trading venue 
       ---------------------------------------  ----------------------------------------------- 
 

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END

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July 18, 2022 12:08 ET (16:08 GMT)

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