IG Design Group PLC Long Term Incentive Awards (7012A)
January 02 2018 - 4:28AM
UK Regulatory
TIDMIGR
RNS Number : 7012A
IG Design Group PLC
02 January 2018
2 January 2018
IG Design Group Plc
('IG' or the 'Company')
Long Term Incentive Awards
The Company announces that it has awarded 168,463 nil cost
options over ordinary shares of 5 pence each in the capital of the
Company ("Options") to Giles Willits, the newly appointed Chief
Financial Officer, under the Company's 2017-20 Long Term Incentive
Plan ("LTIP"). The Company also announces that it has awarded
129,380 Options to Paul Fineman, Chief Executive, under the
Company's 2017-20 LTIP.
Further to the above the remuneration committee has agreed to
award Mr Fineman incremental awards for each of the 2015-18 and
2016-19 LTIP schemes, which equates to a further 100,474 and 72,885
Options respectively.
Following these awards Paul Fineman and Giles Willits have the
following interests in the Company's Ordinary Shares, including
adjustments in respect of dividends accumulated on options over the
vesting period:
Ordinary LTIP 2015-18 LTIP 2016-19 LTIP 2017-20
Shares (Not Yet (Not Yet (Not Yet
Vested) Vested) Vested)
----------- ---------- ------------- ------------- -------------
Paul
Fineman* 4,453,534 301,422 218,655 129,380
Giles
Willits 93,573 0 0 168,463
*Paul Fineman holds a non-beneficial interest of a further
174,608 Ordinary Shares
The above awards are subject to relevant performance criteria
being achieved, which are set out in full in the annual report and
accounts of the Company.
The total number of Ordinary Shares that are subject to award to
Company employees under the 2017-20 LTIP is now 626,286.
For further information, please contact:
IG Design Group Plc Tel: 01525 887310
Paul Fineman, Chief Executive
Giles Willits, Chief Financial Officer
Cenkos Securities Tel: 020 7397 8900
Bobbie Hilliam
Harry Hargreaves
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -----------------------------------------------------------------------------
a) Name: Paul Fineman
---- --------------------------------- ------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/Status: Chief Executive
---- --------------------------------- ------------------------------------------
b) Initial Notification/Amendment: Initial Notification
---- --------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market
participation, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------------------
a) Name: IG Design Group plc
---- --------------------------------- ------------------------------------------
b) LEI: 213800J8I5XDZ3JU8496
---- --------------------------------- ------------------------------------------
4. Details of 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 Ordinary shares of 5 pence each
the financial
instrument: ISIN: GB0004526900
Identification
code:
---- --------------------------------- ------------------------------------------
b) Nature of the Award of nil cost options, conditional
transaction: on future performance
---- --------------------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
---- --------------------------------- -------------------- --------------------
- 302,739
----------------------------------------------------------- --------------------
d) Aggregated volume:
Price: N/A - Single transaction
---- --------------------------------- ------------------------------------------
e) Date of the Transaction: 2 January 2018
---- --------------------------------- ------------------------------------------
f) Place of the Outside trading venue
Transaction:
---- --------------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -----------------------------------------------------------------------------
a) Name: Giles Willits
---- --------------------------------- ------------------------------------------
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
participation, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------------------
a) Name: IG Design Group plc
---- --------------------------------- ------------------------------------------
b) LEI: 213800J8I5XDZ3JU8496
---- --------------------------------- ------------------------------------------
4. Details of 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 Ordinary shares of 5 pence each
the financial
instrument: ISIN: GB0004526900
Identification
code:
---- --------------------------------- ------------------------------------------
b) Nature of the Award of nil cost options, conditional
transaction: on future performance
---- --------------------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
---- --------------------------------- -------------------- --------------------
- 168,463
----------------------------------------------------------- --------------------
d) Aggregated volume:
Price: N/A - Single transaction
---- --------------------------------- ------------------------------------------
e) Date of the Transaction: 2 January 2018
---- --------------------------------- ------------------------------------------
f) Place of the Outside trading venue
Transaction:
---- --------------------------------- ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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