IG DESIGN GROUP PLC 6 August 2019
IG Design Group Plc
('Design Group' or the 'Company')
Long Term Incentive Plan Awards
The Company announces that on 5 August 2019, it awarded a total of 385,594 nil cost options ("Options") over ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") to Paul Fineman, Chief Executive, Giles Willits, Chief Financial Officer, and Lance Burn, Executive Director, under the Company's 2019-22 Long Term Incentive Plan ("LTIP").
Details of the awards made to each Director and their resulting interests in the Company are detailed in the table below.
Existing Option awards | New Option award | |||||
Director | Ordinary Shares | LTIP 2015-18 (Vested) | LTIP 2016-19 (Vested) | LTIP 2017-20 (Not vested) | LTIP 2018-2021 (Not vested) | LTIP 2019-2022 (Not vested) |
Paul Fineman* | 2,369,334 | 312,916 | 226,791 | 132,443 | 204,675 | 174,420 |
Giles Willits | 93,573 | - | - | 172,454 | 128,654 | 121,472 |
Lance Burn | - | 76,641 | 111,882 | 62,296 | 108,264 | 89,702 |
*Paul Fineman also has a non-beneficial interest in an additional 174,608 Ordinary Shares
The above awards are subject to relevant performance criteria being achieved.
For further information, please contact:
IG Design Group Plc Paul Fineman, CEO Giles Willits, CFO | Tel: +44 (0)1525 887310 |
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Alex Aylen - Sales | Tel: +44 (0)20 7523 8000 |
Alma PR Rebecca Sanders-Hewett Susie Hudson Sam Modlin | Tel: +44 (0)20 3405 0209 |
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 the financial instrument: Identification code: |
Options over Ordinary Shares of 5 pence each ISIN: GB0004526900 | |
b) | Nature of the transaction: | Award of nil cost options, conditional on future performance | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
nil | 174,420 | ||
d) | Aggregated volume: Price: |
| |
e) | Date of the Transaction: | 5 August 2019 | |
f) | Place of the Transaction: | Outside trading venue |
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 the financial instrument: Identification code: |
Options over Ordinary Shares of 5 pence each ISIN: GB0004526900 | |
b) | Nature of the transaction: | Award of nil cost options, conditional on future performance | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
nil | 121,472 | ||
d) | Aggregated volume: Price: |
| |
e) | Date of the Transaction: | 5 August 2019 | |
f) | Place of the Transaction: | Outside trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Lance Burn | |
2 | Reason for the notification | ||
a) | Position/Status: | Executive Director | |
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 the financial instrument: Identification code: |
Options over Ordinary Shares of 5 pence each ISIN: GB0004526900 | |
b) | Nature of the transaction: | Award of nil cost options, conditional on future performance | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
nil | 89,702 | ||
d) | Aggregated volume: Price: |
| |
e) | Date of the Transaction: | 5 August 2019 | |
f) | Place of the Transaction: | Outside trading venue |
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IG Design Group plc published this content on 06 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2019 13:44:10 UTC
