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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
IG Design Group Plc | AQSE:IGR.GB | Aquis Stock Exchange | Ordinary Share | GB0004526900 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.50 | -2.79% | 122.00 | 118.00 | 133.00 | 125.50 | 122.00 | 125.50 | 8,192 | 09:16:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIGR
RNS Number : 7456K
IG Design Group PLC
26 September 2016
26 September 2016
IG Design Group Plc
(the "Company", the "Group" or "Design Group")
Long Term Incentive Awards
As part of a wider award to senior management, Design Group today announces it intends to issue up to 145,770 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Paul Fineman (Group CEO), 116,616 Ordinary Shares to Anthony Lawrinson (Group CFO) and 107,870 Ordinary Shares to Lance Burn (Director) under the Long Term Incentive Plan announced on 31 March 2014.
The issue of Ordinary Shares set out above is conditional upon, and proportionate to, the achievement of two performance conditions over a defined period from 1 April 2016 to 31 March 2019. Those performance conditions are:
-- Growth in fully diluted earnings per share before exceptional items (60%) -- Growth in profit before tax before exceptional items (40%)
Growth targets range from 7.5% to 17.5% for EPS and 10% to 17.5% for profit over the performance period for shares to vest. Each metric is tested independently according to the weighting above.
The cost to the Executives of the Ordinary Shares to be issued under the LTIP, if the performance criteria are met, will be nil.
As a result the three Executives will have the following interests in the Company's Ordinary Shares:
Ordinary LTIP 2012-2015 LTIP 2014-2017 LTIP 2015-2018 LTIP 2016-2019 Shares (Not Yet (Not Yet Vested) Vested) (Vested) (Not Yet Vested) --------------- ---------- --------------- --------------- --------------- --------------- Lance Burn - - 262,083 185,877 107,870 --------------- ---------- --------------- --------------- --------------- --------------- Paul Fineman* 4,453,534 200,948 145,770 --------------- ---------- --------------- --------------- --------------- --------------- Anthony Lawrinson 500,000 283,334 160,759 116,616 --------------- ---------- --------------- --------------- --------------- ---------------
*Paul Fineman owns a non-beneficial interest of a further 174,608 ordinary shares
The total number of Ordinary Shares that are subject to award to Company employees under the 2016-2019 Long Term Incentive Plan is 896,650, including the amounts stated above.
For further information, please contact:
IG Design Group Plc Tel: 01525 887310
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief Financial Officer
Cenkos Securities Tel: 020 7397 8900
Bobbie Hilliam
Harry Pardoe
Redleaf Communications Tel: 0207 382 4730 Rebecca Sanders-Hewett designgroup@redleafpr.com
Sarah Fabietti-Dallison
Susie Hudson
1 Details of the person discharging managerial responsibilities / person closely associated --- ---------------------------------------------------------------- a) Name Paul Fineman, Anthony Lawrinson and Lance Burn --- ------------------------- ------------------------------------- 2 Reason for the notification --- ---------------------------------------------------------------- a) Position/status CEO, CFO and Executive Director, respectively --- ------------------------- ------------------------------------- b) Initial notification Initial notification /Amendment --- ------------------------- ------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ---------------------------------------------------------------- a) Name IG Design Group plc --- ------------------------- ------------------------------------- b) LEI N/a --- ------------------------- ------------------------------------- 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 Ordinary Shares of 5 pence the financial each instrument, type of instrument ISIN: GB0004526900 Identification code --- ------------------------- ------------------------------------- b) Nature of the Grant of Ordinary Shares, transaction conditional on future performance --- ------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ------------- ------------------- GBPnil (all) Lance Burn - up to 107,870 Paul Fineman - up to 145,770 Anthony Lawrinson - up to 116,616 ------------- ------------------- --- ------------------------- ------------------------------------- d) Aggregated information - Aggregated volume 370,356 - Price GBPnil --- ------------------------- ------------------------------------- e) Date of the transaction 23 September 2016 --- ------------------------- ------------------------------------- f) Place of the transaction N/a --- ------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHQXLFLQKFLBBD
(END) Dow Jones Newswires
September 26, 2016 02:01 ET (06:01 GMT)
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