IG Design Group PLC Director Shareholding and Issue of Equity (7647R)

TIDMIGR

RNS Number : 7647R

IG Design Group PLC

25 September 2017

25 September 2017

IG Design Group Plc

('DG' or the 'Company')

Director Shareholding and Issue of Equity

IG Design Group plc announces that, on 22 September 2017, Mr Lance Burn, Executive Director, exercised 135,000 Ordinary Shares of 5p each in the Company ("Ordinary Shares") pursuant to the Company's Long Term Incentive Plan ("LTIP"), as announced on 31 March 2014. In line with the terms of the LTIP, the exercise price was nil.

Further to the above, the Company has also been informed that Mr Burn today sold 67,500 Ordinary Shares at a price of 345 pence per Ordinary Share. As a result, Lance Burn will have the following interests in the Company's Ordinary Shares, including adjustments in respect of accumulated dividends over the period:

 
          Ordinary   LTIP 2014-2017   LTIP 2015-2018   LTIP 2016-2019   LTIP 2017-2020 
           Shares                        (Not Yet 
           held                           Vested) 
                        (Vested)                          (Not Yet         (Not Yet 
                                                           Vested)          Vested) 
-------  ---------  ---------------  ---------------  ---------------  --------------- 
 Lance 
  Burn    67,500     133,678          192,191          110,259          60,855 
-------  ---------  ---------------  ---------------  ---------------  --------------- 
 

Following the issue of Ordinary Shares, the issued ordinary share capital and voting rights in the Company are 63,259,169. This figure 63,259,169 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

IG Design Group Plc Tel: [phone]

Paul Fineman, Chief Executive

Anthony Lawrinson, Chief Financial Officer

Cenkos Securities Tel: [phone]

Bobbie Hilliam

Cameron MacRitchie

Harry Hargreaves

 
 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 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ----------------------------------------------------------------- 
 a)   Name                             IG Design Group plc 
---  -------------------------------  -------------------------------- 
 b)   LEI                              213800J8I5XDZ3JU8496 
---  -------------------------------  -------------------------------- 
 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               Ordinary Shares of 5 pence 
       financial instrument,            each 
       type of instrument 
---  -------------------------------  -------------------------------- 
 b)   Identification code              ISIN: GB0004526900 
---  -------------------------------  -------------------------------- 
 c)   Nature of the transaction        Exercise of Share Awards 
                                        under the IG Design Group 
                                        plc Long Term Incentive 
                                        Plan 
---  -------------------------------  -------------------------------- 
 d)   Price(s) and volume(s)           Price(s)        Volume(s) 
---  -------------------------------  --------------  ---------------- 
                                       GBPNil Cost     135,000 (LTIP 
                                                        Options) 
---  -------------------------------  --------------  ---------------- 
 e)   Date of transaction              22 September 2017 
---  -------------------------------  -------------------------------- 
 f)   Place of transaction             London Stock Exchange (XLON); 
                                        AIM 
---  -------------------------------  -------------------------------- 
 
 
 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 
        participant, auction platform, auctioneer or 
        auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                              IG Design Group plc 
----  --------------------------------  --------------------------------- 
 b)    LEI                               213800J8I5XDZ3JU8496 
----  --------------------------------  --------------------------------- 
 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                Ordinary Shares of 5 pence 
        financial instrument,             each 
        type of instrument 
----  --------------------------------  --------------------------------- 
 b)    Identification code               ISIN: GB0004526900 
----  --------------------------------  --------------------------------- 
 c)    Nature of the transaction         Sale of Ordinary Shares 
                                          in IG Design Group plc 
----  --------------------------------  --------------------------------- 
 d)    Price(s) and volume(s)            Price(s)          Volume(s) 
----  --------------------------------  ----------------  --------------- 
   GBP3.45                                                 67,500 
  ------------------------------------------------------  --------------- 
 e)    Date of transaction               25 September 2017 
----  --------------------------------  --------------------------------- 
 f)    Place of transaction              London Stock Exchange (XLON); 
                                          AIM 
----  --------------------------------  --------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 25, 2017 13:01 ET (17:01 GMT)