SAGA PLC Director/PDMR Shareholding (6790X)
21 Dicembre 2023 - 5:39PM
UK Regulatory
TIDMSAGA
RNS Number : 6790X
SAGA PLC
21 December 2023
21 December 2023
SAGA PLC (THE COMPANY) - DIRECTOR/PDMR SHAREHOLDING
Pursuant to the notification obligations under A rticle 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).
Saga Transformation Plan
The Company's Saga Transformation Plan (the STP) was approved by
the Company's shareholders at the 2022 Annual General Meeting (the
2022 AGM). The Company hereby announces the grant of awards to
Executive Directors under the STP.
Participation Rights under the STP entitle the participant to
receive, subject to the rules of the STP, a proportion (the
Participant Proportion) of the Company's Total Shareholder Return
above the qualifying hurdle of GBP6.00.
This value will be delivered through the grant of nil-cost
options over Shares after a 5-year performance period.
More details of how the STP operates can be found in the Notice
of 2022 AGM which can be found on our website at
www.corporate.saga.co.uk/investors/agm.
Details of the award for the Chief Executive Officer and Chief
Financial Officer are outlined below.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Michael Hazell
2. Mark Watkins
----------------------------------- -------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/status 1. Director, Group Chief Executive Officer
2. Director, Chief Financial Officer
----------------------------------- -------------------------------------------------------
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 15 pence
the financial
instrument, type
of instrument
Identification
code
----------------------------------- -------------------------------------------------------
GB00BMX64W89
----------------------------------- -------------------------------------------------------
b) Nature of the 1. Grant of a conditional right, subject
transaction to the rules of the STP, to receive the
value by which the Company's Total Shareholder
Return exceeds the qualifying hurdle of
GBP6.00, multiplied by 12.5% to form the
STP Pool. This is then multiplied by a
Participation Proportion of 12% (the C
EO Award Value ). The C EO Award Value
will be delivered following the assessment
of the Company's total shareholder return
after the 5-year performance period by
the grant of a nil-cost option over Shares.
2. Grant of a conditional right, subject
to the rules of the STP, to receive the
value by which the Company's Total Shareholder
Return exceeds the qualifying hurdle of
GBP6.00, multiplied by 12.5% to form the
STP Pool. This is then multiplied by a
Participation Proportion of 8% (the CFO
Award Value). The CFO Award Value will
be delivered following the assessment of
the Company's total shareholder return
after the 5 year performance period by
the grant of a nil-cost option over Shares.
=================================== =======================================================
c) Price(s) and volume(s) Price(s) Volume(s)
=== =================================== --------------------------- --------------------------
1. GBPNil 1. Nil
2. GBPNil 2. Nil
=== =================================== =========================== ==========================
d) Aggregated information
- Aggregated volume n/a
- Price
----------------------------------- -------------------------------------------------------
e) Date of the transaction 21 December 2023
=== =================================== =======================================================
f) Place of the transaction London
----------------------------------- -------------------------------------------------------
Enquiries
Saga plc Vicki Haynes
3 Pancras Square Company Secretary
London N1C 4AG 07803 602139
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END
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December 21, 2023 11:39 ET (16:39 GMT)
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