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SigmaRoc plc / EPIC: SRC / Market: AIM / Sector: Construction & Materials

 

15 April 2019

 

                                           SigmaRoc plc

                    ('SigmaRoc', the 'Company' or the 'Group') 

                         Grant of Options and PDMR Dealing

SigmaRoc plc announces that the Company has granted 12,896,722 options over ordinary shares of 1p each in the capital of the Company ('Ordinary Shares') ('Options') to certain board members and senior management personnel.

Management Scheme Options

3,350,387 of the Options have been awarded pursuant to the "New Share Option Plan" (as defined in the admission document) adopted on 14 December 2016, to several senior managers as detailed in the table below. The Management Scheme Options vest immediately, with an exercise price of 40p, and will expire on 5 January 2022.    

 

Staff member

Role

Option award

David Barrett

Executive Chairman

770,204

Max Vermorken

CEO

1,540,408

Charles Trigg

Technical Director

577,653

Garth Palmer

CFO

462,122

 

Non-Management Scheme Options

9,656,934 of the Options (the 'Non-Management Scheme Options') have been granted to certain members of senior staff, as detailed in the table below, with an exercise price of 46p, that will vest over three years in equal tranches and will expire on 16 April 2026.

Staff member

Role

Option award

David Barrett

Executive Chairman

1,838,957

Max Vermorken

CEO

3,068,753

Charles Trigg

Technical Director

488,932

Garth Palmer

CFO

2,137,878

Dominic Traynor

Non-Executive Director

665,497

Patrick Dolberg

Non-Executive Director

360,917

Mike Osborne

MD Ronez

310,000

Michael Roddy

MD SigmaPPG

310,000

David McClelland

MD South Wales

310,000

Steve Roussel

Director Ronez Guernsey

50,000

Tim Le Cras

Director Ronez

30,000

Dean Masefield

Finance Manager Ronez

30,000

Rowena Dayman

Finance Manager SigmaPPG

30,000

Ben Feder

Investor Relations

14,000

Clint White

Health and Safety

6,000

Mark Verinder

Finance Director SigmaPPG

6,000

 

In addition, the Board intends to grant 443,665 Non-Management Scheme Options to Tim Hall on his proposed appointment to the board in April 2019, on the same terms as the other Non-Management Option awards detailed in this announcement.

Following the grant of the Options, there will be, in aggregate, 22,223,378 Ordinary Shares under option to directors and employees of the Group, representing approximately 12.6% of the existing issued ordinary share capital of the Company. The resultant holdings of Options by the directors of the Company is as follows:

Director

Role

No. of Options

David Barrett

Executive Chairman

4,488,674

Max Vermorken

CEO

8,977,349

Garth Palmer

CFO

2,626,014

Patrick Dolberg

Non-Executive Director

665,497

Dominic Traynor

Non-Executive Director

691,511

 

END

 


Enquiries:
SigmaRoc
Tel: +44(0)207 002 1080

Max Vermorken, CEO

Strand Hanson (Nominated and Financial adviser)

Tel: +44(0)207 409 3494

James Spinney / James Dance / Jack Botros

Liberum Capital (Joint Broker)

Tel: +44(0)203 100 2000

Neil Patel / Jamie Richards / Jonathan Wilkes-Green / William Hall

Berenberg (Joint Broker)

Tel: +44(0)203 207 7800

Ben Wright / Mark Whitmore

Investor Relations

Tel: +44(0)207 002 1080

Ben Feder


 

 

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' participation in the Placing.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

David Barrett

2.     

Reason for the notification

a)

Position/status:

Chairman

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

770,204

46 pence

1,838,957

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

770,204

46 pence

1,838,957

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Max Vermorken

2.     

Reason for the notification

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

1,540,408

46 pence

3,068,753

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

1,540,408

46 pence

3,068,753

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Charles Trigg

2.     

Reason for the notification

a)

Position/status:

Technical Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

577,653

46 pence

488,932

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

577,653

46 pence

488,932

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Garth Palmer

2.     

Reason for the notification

a)

Position/status:

Chief Financial Officer

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

462,122

46 pence

2,137,878

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

462,122

46 pence

2,173,878

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Dominic Traynor

2.     

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

665,497

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

0

46 pence

665,497

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Patrick Dolberg

2.     

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

360,917

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

0

46 pence

360,917

 

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Mike Osborne

2.     

Reason for the notification

a)

Position/status:

Managing Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

310,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

0

46 pence

310,000

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Michael Roddy

2.     

Reason for the notification

a)

Position/status:

Managing Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

310,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

0

46 pence

310,000

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

David McClelland

2.     

Reason for the notification

a)

Position/status:

Managing Director, South Wales

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

310,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

0

46 pence

310,000

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Steve Roussel

2.     

Reason for the notification

a)

Position/status:

General Manager

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of no par value

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

50,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

40 pence

0

46 pence

50,000

 

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Tim Le Cras

2.     

Reason for the notification

a)

Position/status:

Finance Director, Ronez

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

SigmaRoc plc

b)

LEI:

213800Q3CJUERBGD1E44

 

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:

Identification code:

Share options over ordinary shares of 1p each

GB00BYX5K988

 

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

40 pence

0

46 pence

30,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)