discoverIE Group plc Director/PDMR Shareholding (4917P)

TIDMDSCV

RNS Number : 4917P

discoverIE Group plc

08 February 2019

8 February 2019

discoverIE Group plc

DIRECTOR/PDMR SHAREHOLDING

discoverIE Group plc (LSE:DSCV, the "Company") has been notified that on 7 February 2019 Nick Jefferies (Group Chief Executive) exercised the entirety of his 2010 Company Share Option Plan share options over 18,819 ordinary shares of 5 pence each ("Ordinary Shares") at an exercise price of 148p per Ordinary Share.

Concurrent with exercise of the options, Nick Jefferies sold 6,683 shares at 418.50p per Ordinary Share and the proceeds were applied to settle the cost of exercise. Nick Jefferies transferred the balance of 12,136 shares to his wife.

Following completion of the transactions above Nick Jefferies and persons closely associated with him will be beneficially interested in 960,931 Ordinary Shares (c.1.3% of the issued share capital).

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Nick Jefferies 
     ---------------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position / status                  Group Chief Executive 
     ---------------------------------  -------------------------------------- 
 b)   Initial notification / amendment   Initial notification 
     ---------------------------------  -------------------------------------- 
 3    Details of issuer 
     ------------------------------------------------------------------------- 
 a)   Name                               discoverIE Group plc 
     ---------------------------------  -------------------------------------- 
 b)   LEI                                213800BMDLQU1VEEAN68 
     ---------------------------------  -------------------------------------- 
 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 financial       Options over Ordinary Shares 
       instrument, type of instrument     in discoverIE Group plc 
       Identification code                Ordinary Shares in discoverIE 
                                          Group plc 
                                          GB0000055888 
     ---------------------------------  -------------------------------------- 
 b)   Nature of the transaction          Exercise of options pursuant 
                                          to the 2010 Company Share Option 
                                          Plan and sale of Ordinary Shares 
     ---------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)               Price            Volume 
                                            148 pence per 
                                             share           18,819 
                                                            ------- 
                                            418.50 pence 
                                             per share       6,683 
                                                            ------- 
     ---------------------------------  -------------------------------------- 
 d)   Aggregated information               Price        Volume   Total 
                                            148 pence    18,819   GBP27,852.12 
                                             per share 
                                                        -------  ------------- 
                                            418.50       6,683    GBP27,968.36 
                                             pence per 
                                             share 
                                                        -------  ------------- 
     ---------------------------------  -------------------------------------- 
 e)   Date of the transaction            7 February 2019 
     ---------------------------------  -------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, Main 
                                          Market (XLON) 
     ---------------------------------  -------------------------------------- 
 

For further information please contact:

discoverIE Group plc

   Joanna Harkus Madge: Group Company Secretary   01483 544500 

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February 08, 2019 04:22 ET (09:22 GMT)