TIDMSAGA

RNS Number : 2675C

SAGA PLC

16 October 2020

SAGA PLC (THE "COMPANY") - DIRECTOR/PDMR SHAREHOLDING(S)

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 in the Company ("Shares").

16 October 2020

Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Company's announcement of the launch of the Capital Raising on 10 September 2020.

Adjustments to options and awards under share schemes

On 2 October 2020, the Company announced that the Open Offer for qualifying shareholders to acquire New Shares in the Company at 12 pence per share had closed on 30 September 2020 in accordance with its terms.

Certain Directors and PDMRs of the Company hold awards of, or options to acquire, Ordinary Shares under certain Company share schemes. P ursuant to the notification obligations under Article 19 of the Market Abuse Regulation, the Company wishes to confirm the interests of its directors and PDMRs following the Open Offer and related adjustments to options and awards under its share schemes.

Open Offer related adjustment to options and awards

 
 Name                    Options subject to performance         Options NOT subject to 
                                             conditions         performance conditions 
                            Pre- Open        Post- Open   Pre- Open Offer   Post- Open 
                                Offer             Offer                          Offer 
                      ---------------  ----------------  ----------------  ----------- 
 Cheryl Agius(1)                    -                 -         1,636,594    1,797,044 
                      ---------------  ----------------  ----------------  ----------- 
 Stuart Beamish               639,777           702,500           750,987      824,613 
                      ---------------  ----------------  ----------------  ----------- 
 Julius Christmas             667,667           733,125           738,732      811,157 
                      ---------------  ----------------  ----------------  ----------- 
 James Quin(1)              1,660,682         1,823,493         1,803,578    1,980,399 
                      ---------------  ----------------  ----------------  ----------- 
 Nick Stace                         -                 -           554,323      608,668 
                      ---------------  ----------------  ----------------  ----------- 
 Jane Storm                   594,059           652,300           765,227      840,249 
                      ---------------  ----------------  ----------------  ----------- 
 Euan Sutherland(1)         1,353,965         1,486,706         2,803,720    3,078,595 
                      ---------------  ----------------  ----------------  ----------- 
 Helen Webb                   242,416           266,182           470,025      516,106 
                      ---------------  ----------------  ----------------  ----------- 
 

(1) director

The interests of the directors and PDMRs immediately following the share consolidation of 1 Consolidated Share

of 15   pence each for every 15 Existing Ordinary Shares of 1 pence   each are set out below: 

Impact of consolidation of existing shareholdings

 
 Name                    Interest in shares - pre-   Interest in shares - 
                                     consolidation    post- consolidation 
 Cheryl Agius(1)                           148,412                  9,894 
                        --------------------------  --------------------- 
 Stuart Beamish                                915                     61 
                        --------------------------  --------------------- 
 Julius Christmas                            1,439                     95 
                        --------------------------  --------------------- 
 Sir Roger De 
  Haan(1)                              552,833,333             36,855,555 
                        --------------------------  --------------------- 
 Eva Eisenschimmel(1)                       64,328                  4,288 
                        --------------------------  --------------------- 
 Julie Hopes(1)                             66,293                  4,419 
                        --------------------------  --------------------- 
 Gareth Hoskin(1)                          210,276                 14,018 
                        --------------------------  --------------------- 
 Orna NiChionna(1)                          45,414                  3,027 
                        --------------------------  --------------------- 
 James Quin(1)                             222,388                 14,825 
                        --------------------------  --------------------- 
 Euan Sutherland(1)                        395,086                 26,339 
                        --------------------------  --------------------- 
 Helen Webb                                    722                     48 
                        --------------------------  --------------------- 
 Gareth Williams(1)                         68,159                  4,543 
                        --------------------------  --------------------- 
 

(1) director

Consolidation-related adjustment to options and awards

 
 Name                           Options subject to performance                    Options NOT subject to 
                                                    conditions                    performance conditions 
                       Pre-consolidation   Post- consolidation   Pre-consolidation   Post- consolidation 
                      ------------------  --------------------  ------------------  -------------------- 
 Cheryl Agius(1)                       -                     -           1,797,044               119,801 
                      ------------------  --------------------  ------------------  -------------------- 
 Stuart Beamish                  702,500                46,833             824,613                54,972 
                      ------------------  --------------------  ------------------  -------------------- 
 Julius Christmas                733,125                48,873             811,157                54,077 
                      ------------------  --------------------  ------------------  -------------------- 
 James Quin(1)                 1,823,493               121,566           1,980,399               132,025 
                      ------------------  --------------------  ------------------  -------------------- 
 Nick Stace                            -                     -             608,668                40,577 
                      ------------------  --------------------  ------------------  -------------------- 
 Jane Storm                      652,300                43,486             840,249                56,016 
                      ------------------  --------------------  ------------------  -------------------- 
 Euan Sutherland(1)            1,486,706                99,113           3,078,595               205,238 
                      ------------------  --------------------  ------------------  -------------------- 
 Helen Webb                      266,182                17,745             516,106                34,406 
                      ------------------  --------------------  ------------------  -------------------- 
 

(1) director

Contact:

 
 Vicki Haynes 
 Company Secretary 
 Telephone: 01303 771199 
 

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END

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October 16, 2020 02:00 ET (06:00 GMT)

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