IG Group Holdings plc Director/PDMR Shareholding
January 27 2025 - 6:41AM
RNS Regulatory News
RNS Number : 8195U
IG Group Holdings plc
27 January 2025
IG Group Holdings plc
LEI No: 2138003A5Q1M7ANOUD76
27 January 2025
IG Group Holdings
plc
(the
'Company')
NOTIFICATION OF TRANSACTION OF A PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMR")
IG Group Holdings plc gives notice
about conditional awards granted to Clifford Abrahams, Chief
Financial Officer and Executive Director of the Company, details of
which are set out in the Notification of Transactions by a PDMR in
this announcement as required by the EU Market Abuse
Regulation.
Buyout Awards
Conditional awards were made to
Clifford Abrahams over the Company's ordinary shares ("Shares") on
24 January 2025 in relation to his joining the Company and being
appointed as an Executive Director and Chief Financial Officer of
IG Group, as announced on 30 October 2024. In connection with Mr
Abrahams agreeing to take up employment with the Company, it was
agreed that the buy-out awards (the "Buy-Out Awards") would be made
to him as compensation for incentives forfeited on leaving his
previous employer, Virgin Money UK plc ("VM"). The Buy-Out Awards
have been approved by the Company's Remuneration
Committee.
The Buy-Out Awards will vest subject
to Mr Abrahams' continued service with the Company, they are not
subject to any performance conditions:
|
Award
|
Number of Shares subject to Award
|
Vesting Date
|
|
Replacement 2022 LTIP
|
620
|
9 December 2025
|
|
620
|
9 December 2026
|
|
620
|
9 December 2027
|
|
620
|
9 December 2028
|
|
620
|
9 December 2029
|
|
Replacement 2023 LTIP
|
4,293
|
8 December 2026
|
|
4,293
|
8 December 2027
|
|
4,293
|
8 December 2028
|
|
4,293
|
8 December 2029
|
|
4,293
|
8 December 2030
|
The Buyout Award was granted
pursuant to Listing Rule 9.3.2(2) and will
be limited to settlement with Shares purchased in the
market.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Clifford
Abrahams
|
|
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
|
IG Group Holdings
plc
|
|
b)
|
LEI
|
2138003A5Q1M7ANOUD76
|
|
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
|
Ordinary Shares of 0.005
pence
GB00B06QFB75
|
|
b)
|
Nature of the
transaction
|
Conditional awards of Shares in
compensation for awards forfeited on Mr Abrahams' resignation from
his previous employer
|
|
c)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.00
|
24,565
|
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the
transaction
|
24 January 2025
|
|
f)
|
Place of the
transaction
|
Outside a trading venue
|
About IG
IG Group (LSEG:IGG) provides
online trading platforms and educational resources to empower
ambitious clients around the globe. Headquartered in the UK, IG
Group is a FTSE 250 company that offers clients access to c.19,000
financial markets worldwide.
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