discoverIE Group plc Director LTIP Award (8488C)
June 15 2023 - 3:51AM
UK Regulatory
TIDMDSCV
RNS Number : 8488C
discoverIE Group plc
15 June 2023
15 June 2023
discoverIE Group plc
Director LTIP Award
discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"),
a leading international designer and manufacturer of customised
electronics for industrial applications, announces that, on 14 June
2023, options were granted for nil consideration over the following
numbers of ordinary shares in the Company ("Ordinary Shares"),
under the 2021 discoverIE Group plc Long Term Incentive Plan
("LTIP") (the "Awards"):
Director/PDMR Number of Awards granted
Nick Jefferies 100,794
-------------------------
Simon Gibbins 60,323
-------------------------
The Awards will vest on 16 June 2026, subject to the achievement
of performance targets measured over a three-year period. Vested
options will be subject to an additional two-year holding
period.
In addition to the Awards, a further 5,655 options over Ordinary
Shares were granted to Simon Gibbins in return for him bearing a
proportion of the Company's liability for the employers' National
Insurance Contributions arising on exercise. The additional award
ensures he is in a neutral position on an after-tax basis.
For further information, please contact:
discoverIE Group plc
Greg Davidson - Company Secretary 01483 544 500
Buchanan
Chris Lane, Toto Berger, Jack Devoy 020 7466 5000
discoverIE@buchanan.uk.com
Notes to Editors :
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that design and manufacture innovative electronic components for
industrial applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally through its two
divisions, Magnetics & Controls, and Sensing &
Connectivity. By designing components that meet customers' unique
requirements, which are then manufactured and supplied throughout
the life of their production, a high level of repeating revenue is
generated with long-term customer relationships.
With a focus on sustainable key markets driven by structural
growth and increasing electronic content, namely renewable energy,
medical, electrification of transportation, and industrial
automation & connectivity, the Group aims to achieve organic
growth that is well ahead of GDP and to supplement that with
complementary acquisitions. The Group is committed to reducing the
impact of its operations on the environment with an SBTi aligned
plan to reach net zero. With its key markets aligned with a
sustainable future, the Group has been awarded an ESG "A" rating by
MSCI and is Regional (Europe) Top Rated by Sustainalytics.
The Group employs c.4,700 people across 20 countries with its
principal operating units located in Continental Europe, the UK,
China, Sri Lanka, India and North America.
discoverIE is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE250, classified within the
Electrical Components and Equipment subsector.
1 Details of the person discharging managerial
responsibilities/person closely associated
a) Name Nick Jefferies
-------------------------------- ---------------------------
2 Reason for the notification
-------------------------------------------------------------
a) Position / status Group Chief Executive
-------------------------------- ---------------------------
b) Initial notification / Initial notification
amendment
-------------------------------- ---------------------------
3 Details of issuer
-------------------------------------------------------------
a) Name discoverIE Group plc
-------------------------------- ---------------------------
b) LEI 213800BMDLQU1VEEAN68
-------------------------------- ---------------------------
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 Options over Ordinary
instrument, type of instrument Shares
Identification code GB0000055888
-------------------------------- ---------------------------
b) Nature of the transaction Award made pursuant to
the Company's
Long--Term Incentive Plan
-------------------------------- ---------------------------
c) Price(s) and volume(s) Price Volume
Nil 100,794
--------
-------------------------------- ---------------------------
d) Aggregated information N/A
-------------------------------- ---------------------------
e) Date of the transaction 14 June 2023
-------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
a) Name Simon Gibbins
-------------------------------- ---------------------------
2 Reason for the notification
-------------------------------------------------------------
a) Position / status Group Finance Director
-------------------------------- ---------------------------
b) Initial notification / Initial notification
amendment
-------------------------------- ---------------------------
3 Details of issuer
-------------------------------------------------------------
a) Name discoverIE Group plc
-------------------------------- ---------------------------
b) LEI 213800BMDLQU1VEEAN68
-------------------------------- ---------------------------
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 Options over Ordinary
instrument, type of instrument Shares
Identification code GB0000055888
-------------------------------- ---------------------------
b) Nature of the transaction Award made pursuant to
the Company's
Long--Term Incentive Plan
-------------------------------- ---------------------------
c) Price(s) and volume(s) Price Volume
Nil 65,978
-------
-------------------------------- ---------------------------
d) Aggregated information N/A
-------------------------------- ---------------------------
e) Date of the transaction 14 June 2023
-------------------------------- ---------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------
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June 15, 2023 04:51 ET (08:51 GMT)
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