REG - SAGA Plc - Director/PDMR Shareholding

SagaAnnouncement

09/07/2024 13:00

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RNS Number : 7194V  SAGA PLC  09 July 2024

9 July 2024

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 Restricted Share Plan (RSP)

On 8 July 2024, the Company granted awards (in the form of nil-cost options)
over Shares under the Saga plc RSP as set out in column 3 of the below table.

 1. Name          2. Status      3. No of Shares
 Mike Hazell      Director/PDMR  430,879
 Mark Watkins     Director/PDMR  228,904
 Steve Kingshott  Director/PDMR  221,903

 

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 price of a Share on Friday 5 July 2024
(111.4 pence per Share).

The normal vesting date of the RSP Awards will be 8 July 2027, 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.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         1. Mike Hazell

                                                                  2. Mark Watkins

                                                                  3. Steve Kingshott
 2   Reason for the notification
 a)  Position/status                                              1. Director, Group Chief Executive Officer

                                                                  2. Director, Group Chief Financial Officer

                                                                  3. Director, CEO of Insurance
 b)  Initial notification /Amendment                              Initial notification
 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 the financial instrument, type of instrument  Ordinary shares of 15 pence

     Identification code
                                                                  GB00BMX64W89
 b)  Nature of the transaction                                    Awards made pursuant to the Saga plc Restricted Share Plan.
 c)  Price(s) and volume(s)                                       Price(s)                        Volume(s)
     1. £nil                                                                                      1. 430,879

     2. £nil                                                                                      2. 228,904

     3. £nil                                                                                      3. 221,903
 d)  Aggregated information

     - Aggregated volume                                           n/a

     - Price
 e)  Date of the transaction                                      8 July 2024
 f)  Place of the transaction                                     Outside of trading venue

 

Enquiries

 Saga plc           Vicki Haynes

 3 Pancras Square   Company Secretary

 London             07803 602 139

 N1C 4AG

 

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