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IND Indigovision Group Plc

391.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Indigovision Group Plc LSE:IND London Ordinary Share GB0032654534 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 391.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

IndigoVision Group PLC Grant of Options (6598Z)

16/03/2017 8:53am

UK Regulatory


Indigovision (LSE:IND)
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TIDMIND

RNS Number : 6598Z

IndigoVision Group PLC

16 March 2017

IndigoVision Group plc

("IndigioVision", the "Company" or the "Group")

Grant of Options

IndigoVision Group plc announces that, on 15 March 2017, options over ordinary shares of 1p each ("Ordinary Shares") were granted to Directors and PDMRs of the Company (the "Options"); certain of which being nil-paid options under the terms of the Company's existing Long-Term Incentive Plan ("LTIP") and certain of which being the subject of standalone option agreements and exercisable at the nominal value of Ordinary Shares.

Vesting of the Options granted to Directors of the Company are conditional on a combination of total shareholder return ("TSR") and earnings per share ("EPS") performance (total Options to Directors being split equally between TSR and EPS performance conditions) (the "Director Vesting Conditions"). Vesting of the Options granted to PDMRs is conditional on percentage growth in regional sales contribution (the "PDMR Vesting Conditions"). The Director Vesting Conditions and PDMR Vesting Conditions are measured over a period of three consecutive years, with Options being exercisable from the third anniversary of the date of grant.

Options granted under the LTIP were as follows:

 
 
 Name             Role              Number of        Vesting conditions 
                                     Options 
                                     being granted 
 
 Directors 
 Marcus Kneen     Chief Executive          109,500   Director Vesting 
                   Officer                            Conditions 
 Chris Lea        Chief Financial           80,500   Director Vesting 
                   Officer                            Conditions 
 Paul Theasby     Chief Operating           30,000   Director Vesting 
                   Officer                            Conditions 
 
 PDMR 
 Dean Brazenall   Region Sales              30,000   PDMR Vesting 
                   Director (EMEA                     Conditions 
                   North) 
 

Options granted pursuant to standalone agreements were as follows:

 
 
 Name             Role                   Number of        Vesting conditions 
                                          Options 
                                          being granted 
 
 PDMR 
 Fabien Haubert   Region Sales                   30,000   PDMR Vesting 
                   Director (EMEA                          Conditions 
                   South) 
 Jose Lopez       Region Sales                   30,000   PDMR Vesting 
  Martin           Director (Americas)                     Conditions 
 Lim Then Poh     Region Sales                   20,000   PDMR Vesting 
                   Director (APAC)                         Conditions 
 

Under the terms of the Director Vesting Conditions, Options vest upon the achievement of average annual compound growth rate ("CAGR") in TSR or EPS (being split equally). Of those Options being subject to TSR performance, 25 per cent. vest upon the achievement of CAGR of 15 per cent. and vest on a straight-line basis thereafter, with all Options vesting upon the achievement of 25 per cent. CAGR in TSR. Of those Options being subject to EPS performance, 25 per cent. vest upon the achievement of CAGR of 40 per cent. and vest on a straight line basis, with all Options vesting upon the achievement of 75 per cent. CAGR in EPS.

Under the terms of the PDMR Vesting Conditions, Options are exercisable subject to percentage growth in regional sales contribution, with 25 per cent. vesting upon the achievement of the minimum CAGR target and vesting on a straight-line basis thereafter.

For further information:

 
IndigoVision 
 Group plc 
Marcus Kneen 
 Chris Lea     +44 (0)131 475 7200 
 
N+1 Singer 
Sandy Fraser   +44 (0)131 603 6873 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                                Marcus Kneen 
----  ----------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status                     Chief Executive Officer 
----  ----------------------------------  ---------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ---------------------------------- 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ---------------------------------- 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ---------------------------------- 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                  Price            Volume 
----  ----------------------------------  --------------  ------------------ 
                            Nil                                 109,500 
  ------------------------------------------------------  ------------------ 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ---------------------------------- 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ---------------------------------- 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                                Chris Lea 
----  ----------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status                     Chief Financial Officer 
----  ----------------------------------  ---------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ---------------------------------- 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ---------------------------------- 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ---------------------------------- 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                   Price            Volume 
----  ----------------------------------  ----------------  ---------------- 
                             Nil                                 80,500 
  --------------------------------------------------------  ---------------- 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ---------------------------------- 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ---------------------------------- 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                                Paul Theasby 
----  ----------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status                     Chief Operating Officer 
----  ----------------------------------  ---------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ---------------------------------- 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ---------------------------------- 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ---------------------------------- 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                   Price            Volume 
----  ----------------------------------  ----------------  ---------------- 
                             Nil                                 30,000 
  --------------------------------------------------------  ---------------- 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ---------------------------------- 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ---------------------------------- 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                                Dean Brazenall 
----  ----------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status                     Region Sales Director (EMEA 
                                            North) - PDMR 
----  ----------------------------------  ---------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ---------------------------------- 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ---------------------------------- 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ---------------------------------- 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                   Price            Volume 
----  ----------------------------------  ----------------  ---------------- 
                             Nil                                 30,000 
  --------------------------------------------------------  ---------------- 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ---------------------------------- 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ---------------------------------- 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                                Fabien Haubert 
----  ----------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status                     Region Sales Director (EMEA 
                                            South) - PDMR 
----  ----------------------------------  ---------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ---------------------------------- 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ---------------------------------- 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ---------------------------------- 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                   Price            Volume 
----  ----------------------------------  ----------------  ---------------- 
                             Nil                                 30,000 
  --------------------------------------------------------  ---------------- 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ---------------------------------- 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ---------------------------------- 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------------ 
 a)    Name                                Jose Lopez Martin 
----  ----------------------------------  ------------------------------------ 
 2     Reason for the notification 
----  ------------------------------------------------------------------------ 
 a)    Position/status                     Region Sales Director (Americas) 
                                            - PDMR 
----  ----------------------------------  ------------------------------------ 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------------ 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ------------------------------------ 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ------------------------------------ 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ------------------------------------ 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ------------------------------------ 
 c)    Price(s) and volume(s)                   Price              Volume 
----  ----------------------------------  -----------------  ----------------- 
                             Nil                                   30,000 
  ---------------------------------------------------------  ----------------- 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ------------------------------------ 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ------------------------------------ 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ------------------------------------ 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------------- 
 a)    Name                                Lim Then Poh 
----  ----------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status                     Region Sales Director (APAC) 
                                            - PDMR 
----  ----------------------------------  ---------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
----  ----------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                                IndigoVision Group plc 
----  ----------------------------------  ---------------------------------- 
 b)    LEI                                 213800UTDZWYBP2YR191 
----  ----------------------------------  ---------------------------------- 
 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                      Options over ordinary shares 
        the financial                       of 1 pence each 
        instrument, type 
        of instrument 
                                            GB0032654534 
        Identification 
        code 
----  ----------------------------------  ---------------------------------- 
 b)    Nature of the                       Grant of options over ordinary 
        transaction                         shares 
----  ----------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                   Price            Volume 
----  ----------------------------------  ----------------  ---------------- 
                             Nil                                 20,000 
  --------------------------------------------------------  ---------------- 
 d)    Aggregated information              N/A 
 
        - Aggregated volume 
 
        - Price 
----  ----------------------------------  ---------------------------------- 
 e)    Date of the transaction             15 March 2017 
----  ----------------------------------  ---------------------------------- 
 f)    Place of the transaction            Off-market transaction 
----  ----------------------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLIFSTVAIRLID

(END) Dow Jones Newswires

March 16, 2017 04:53 ET (08:53 GMT)

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