Intermediate Capital Icg: Notification Of Transactions Of Directors
July 04 2022 - 10:52AM
UK Regulatory
TIDMICP
Intermediate Capital
ICG : Notification of Transactions of Directors
Intermediate Capital Group PLC (the "Company")
4 July 2022
Notification of Transactions of Directors
The Company wishes to announce that the following number of
ordinary shares of the Company vested on 1 July 2022 under the
terms of PLC Equity Awards made to Vijay Bharadia under the
Intermediate Capital Group Omnibus Plan:
Dates of Grant: 1 August 2019
Aggregate Number of Shares Vested: 8,496
The Director met certain liabilities for income tax and national
insurance contributions on the vesting of his Awards by agreeing to
sell the number of shares shown below in London on 1 July 2022 at a
price of GBP13.165 per share.
Number of Shares Sold to Cover Tax: 4,100
Total Number of Shares Received: 4,396
In accordance with the terms of the award, 1,099 of the shares
received are treated as retained shares and will only be released
to Mr Bharadia on earlier of (i) the tenth anniversary of the
relevant vesting date and (ii) the date on which the restrictive
covenants in his employment contract expire.
As a consequence of the above transaction Vijay Bharadia and his
connected persons had an interest in 34,170 ordinary shares in the
Company, representing 0.01% of the total issued share capital
(excluding treasury shares) of Intermediate Capital Group PLC.
Contacts
Chris Hunt
Investor Relations, ICG plc
+44 (0) 20 3545 2020
Fiona Laffan
Corporate Affairs, ICG PLC
+44 (0) 20 3545 1510
Andrew Lewis
Company Secretary, ICG plc
+44 (0) 20 3545 1344
(END) Dow Jones Newswires
July 04, 2022 11:52 ET (15:52 GMT)
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