5 August 2021
SIGMA CAPITAL GROUP PLC
("Sigma" or "the Company")
Exercise of Options and Total Voting Rights
Sigma, the Private Rental Sector ("PRS"), residential development and urban regeneration specialist, announces that:
· 879,020 ordinary shares of 1 pence each in the capital of the Company were issued today as a result of the exercise of share options under the Company's approved share option scheme on a "cashless exercise" basis by optionholders including Graham Barnet (114,285 shares), Gwynn Thomson (38,095 shares), Duncan Sutherland (57,360 shares), Michael McGill (36,585 shares), Malcolm Briselden (74,816 shares) and Michael Scott (32,085 shares), who are PDMRs of the Company;
· 3,902,437 ordinary shares of 1 pence each in the capital of the Company were issued today as a result of the exercise of share options under the Company's unapproved share option scheme on a "cashless exercise" basis by optionholders including Graham Barnet (1,150,001 shares), Gwynn Thomson (657,500 shares), Duncan Sutherland (172,500 shares), Michael McGill (213,415 shares), Malcolm Briselden (557,500 shares) and Michael Scott (275,000 shares) who are PDMRs of the Company; and
· 1,000,000 ordinary shares of 1 pence each in the capital of the Company were issued today as a result of the exercise of share options under the Company's unapproved share option award on a "cashless exercise" basis by Ian Sutcliffe, Non-Executive Chairman and a PDMR of the Company.
Following such exercise, the revised interests of the relevant Sigma Directors in the Ordinary Share capital of the Company are as follows:
| Sigma Director | Number of shares held | % of issued share capital |
| Graham Barnet | 7,447,523 | 7.8% |
| Gwynn Thomson | 1,088,452 | 1.1% |
| Duncan Sutherland | 494,659 | 0.5% |
| Michael McGill | 281,000 | 0.3% |
| Ian Sutcliffe | 2,000,000 | 2.1% |
The above ordinary shares (the "New Ordinary Shares") rank pari passu in all respects with the Company's existing Ordinary Shares. Application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to occur at 8.00 a.m. on 9 August 2021.
Following the issue of the New Ordinary Shares, the Company's total issued share capital will consist of 95,559,623 Sigma Shares with one voting right per share. The Company does not hold any shares in treasury. Therefore, following the issue of the shares, the total number of voting rights in the Company will be 95,559,623. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
| a) | Name | Ian Sutcliffe | ||||||||
| 2
| Reason for the notification | |||||||||
| a)
| Position/status | Non-Executive Chairman (PDMR) | ||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||
| b)
| LEI | 213800CICQ43GEU1AO02 | ||||||||
| 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 1p each | ||||||||
| | | |||||||||
| Identification code | ISIN: GB0004225073 | |||||||||
| | | |||||||||
| b)
| Nature of the transaction
| Exercise of options | ||||||||
| c)
| Price(s) and volume(s) | | | | | |||||
| | |
| | | ||||||
| d)
| Aggregated information | N/A - Single transaction | ||||||||
| | | |||||||||
| - Aggregated volume | | |||||||||
| | | |||||||||
| - Price | | |||||||||
| | | |||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||
| f)
| Place of the transaction
| Off market | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||||
| a) | Name | Graham Barnet | ||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||
| a)
| Position/status | Chief Executive Officer (PDMR) | ||||||||||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||||||||||
| b)
| LEI | 213800CICQ43GEU1AO02 | ||||||||||||||||
| 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 1p each | ||||||||||||||||
| | | |||||||||||||||||
| Identification code | ISIN: GB0004225073 | |||||||||||||||||
| | | |||||||||||||||||
| b)
| Nature of the transaction
| Exercise of options | ||||||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||||||
| | |
| | | ||||||||||||||
| d)
| Aggregated information | | ||||||||||||||||
| | | |||||||||||||||||
| - Aggregated volume | 1,264,286 | |||||||||||||||||
| | | |||||||||||||||||
| - Price | 79.02p | |||||||||||||||||
| | | |||||||||||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||||||||||
| f)
| Place of the transaction
| Off market | ||||||||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
| a) | Name | Michael McGill | ||||||||
| 2
| Reason for the notification | |||||||||
| a)
| Position/status | Chief Financial Officer (PDMR) | ||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||
| b)
| LEI
| 213800CICQ43GEU1AO02
| ||||||||
| 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 1p each | ||||||||
| | | |||||||||
| Identification code | ISIN: GB0004225073 | |||||||||
| | | |||||||||
| b)
| Nature of the transaction | Exercise of options | ||||||||
| c)
| Price(s) and volume(s) | | | | | |||||
| | |
| | | ||||||
| d)
| Aggregated information | | ||||||||
| | | |||||||||
| - Aggregated volume | 250,000 | |||||||||
| | | |||||||||
| - Price | 82.0p | |||||||||
| | | |||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||
| f)
| Place of the transaction
| Off market | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||
| a) | Name | Duncan Sutherland | ||||||||||||||
| 2
| Reason for the notification | |||||||||||||||
| a)
| Position/status | Public Affairs Director (PDMR) | ||||||||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||||||||
| b)
| LEI
| 213800CICQ43GEU1AO02
| ||||||||||||||
| 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 1p each | ||||||||||||||
| | | |||||||||||||||
| Identification code | ISIN: GB0004225073 | |||||||||||||||
| | | |||||||||||||||
| b)
| Nature of the transaction
| Exercise of options | ||||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||||
| | |
| | | ||||||||||||
| d)
| Aggregated information | | ||||||||||||||
| | | |||||||||||||||
| - Aggregated volume | 229,860 | |||||||||||||||
| | | |||||||||||||||
| - Price | 69.25p | |||||||||||||||
| | | |||||||||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||||||||
| f)
| Place of the transaction
| Off market | ||||||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||
| a) | Name | Gwynn Thomson | ||||||||||||||
| 2
| Reason for the notification | |||||||||||||||
| a)
| Position/status | Property Investment Director Director (PDMR) | ||||||||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||||||||
| b)
| LEI
| 213800CICQ43GEU1AO02
| ||||||||||||||
| 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 1p each | ||||||||||||||
| | | |||||||||||||||
| Identification code | ISIN: GB0004225073 | |||||||||||||||
| | | |||||||||||||||
| b)
| Nature of the transaction
| Exercise of options | ||||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||||
| | |
| | | ||||||||||||
| d)
| Aggregated information | | ||||||||||||||
| | | |||||||||||||||
| - Aggregated volume | 695,595 | |||||||||||||||
| | | |||||||||||||||
| - Price | 80.01p | |||||||||||||||
| | | |||||||||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||||||||
| f)
| Place of the transaction
| Off market | ||||||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||
| a) | Name | Michael Scott | ||||||||||||
| 2
| Reason for the notification | |||||||||||||
| a)
| Position/status | Group Legal Counsel (PDMR) | ||||||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||||||
| b)
| LEI
| 213800CICQ43GEU1AO02
| ||||||||||||
| 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 1p each | ||||||||||||
| | | |||||||||||||
| Identification code | ISIN: GB0004225073 | |||||||||||||
| | | |||||||||||||
| b)
| Nature of the transaction
| Exercise of options | ||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||
| | |
| | | ||||||||||
| d)
| Aggregated information | | ||||||||||||
| | | |||||||||||||
| - Aggregated volume | 307,085 | |||||||||||||
| | | |||||||||||||
| - Price | 87.27p | |||||||||||||
| | | |||||||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||||||
| f)
| Place of the transaction
| Off market | ||||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||||
| a) | Name | Malcolm Briselden | ||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||
| a)
| Position/status | Finance Director (PDMR) | ||||||||||||||||
|
| Initial notification /Amendment | Initial notification | ||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||||
| a)
| Name | Sigma Capital Group plc | ||||||||||||||||
| b)
| LEI
| 213800CICQ43GEU1AO02
| ||||||||||||||||
| 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 1p each | ||||||||||||||||
| | | |||||||||||||||||
| Identification code | ISIN: GB0004225073 | |||||||||||||||||
| | | |||||||||||||||||
| b)
| Nature of the transaction
| Exercise of options | ||||||||||||||||
| c)
| Price(s) and volume(s) | | | | | |||||||||||||
| | |
| | | ||||||||||||||
| d)
| Aggregated information | | ||||||||||||||||
| | | |||||||||||||||||
| - Aggregated volume | 632,316 | |||||||||||||||||
| | | |||||||||||||||||
| - Price | 79.32p | |||||||||||||||||
| | | |||||||||||||||||
| e)
| Date of the transaction
| 5 August 2021 | ||||||||||||||||
| f)
| Place of the transaction
| Off market | ||||||||||||||||
Enquiries
| Sigma Capital Group plc |
|
| Singer Capital Markets (NOMAD and Broker to Sigma) | Tel: +44 (0) 20 7496 3000 |
| KTZ Communications (PR Adviser to Sigma) Katie Tzouliadis / Dan Mahoney | Tel: +44 (0) 20 3178 6378 |
About Sigma Capital Group plc
Sigma Capital Group plc ("Sigma") is a PRS, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. The Company has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors.
Sigma has created an unrivalled property platform, which sources sites and brings together construction resource to develop them, enabling Sigma to deliver an integrated solution to partners. As well as sourcing sites and managing all stages of the planning and development process, Sigma also manages the rental of completed homes through its award-winning rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc. In September 2020, the Company launched a joint venture with EQT Real Estate , the real estate platform of global investment firm EQT to establish a £1bn portfolio of high quality, new-build homes for private rental in Greater London .
LEI: 21380037Q91HU97WZX58
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