discoverIE Group plc Exercise of share options (4671Q)

TIDMDSCV

RNS Number : 4671Q

discoverIE Group plc

06 June 2018

06 June 2018

discoverIE Group plc

EXERCISE OF SHARE OPTIONS

discoverIE Group plc (LSE:DSCV, the "Company") announces that application has been made to the UK Listing Authority and the London Stock Exchange for a listing and admission of 1,898,921 ordinary shares of 5 pence each in the Company ("Shares"). These new Shares are being issued and allotted pursuant to the exercise of options under the Company's 2008 Long Term Incentive Plan and will rank equally with the existing issued ordinary shares.

In respect of the Company's 2008 Long Term Incentive Plan options being exercised, the Company has been notified that Mr Nick Jefferies, Group Chief Executive, and Mr Simon Gibbins, Group Finance Director, have exercised in full their options over Shares which vested in connection with awards granted on 31 March 2010, 20 July 2010, 28 March 2012 and 28 March 2013. These nil cost options relate to the three year performance periods ended 31 March 2013, 20 July 2013, 28 March 2015 and 28 March 2016. Further details relating to the performance conditions of the awards are set out in the Annual Report and Accounts 2013, 2015 and 2016 which were mailed to shareholders on 20 June 2013, 26 June 2015 and 17 June 2016.

The table below shows the number of options exercised and shares to be issued to Nick Jefferies and Simon Gibbins. In addition, a total of 637,140 options have been exercised by other employees of the Company pursuant to vested awards at the same dates.

 
                          Number of nil-cost options exercised 
----------------  --------------------------------------------------- 
 Vesting           31 March   20 July   28 March   28 March     Total 
  Date                 2010      2010       2012       2013 
----------------  ---------  --------  ---------  ---------  -------- 
 Nick Jefferies     340,105         -    264,593    233,696   838,394 
----------------  ---------  --------  ---------  ---------  -------- 
 Simon Gibbins            -   192,431    122,638    108,318   423,387 
----------------  ---------  --------  ---------  ---------  -------- 
 

Following Admission, Nick Jefferies will hold a total of 1,343,166 Shares and Simon Gibbins will hold a total of 456,662 Shares.

Following Admission, which is expected to take place on 11 June 2018, the total number of Shares in issue and voting rights in the Company will be 73,316,777 Shares. There are no Shares held in treasury.

The above figure (73,316,777) 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 Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

discoverIE Group plc

   Joanna Harkus Madge: Group Company Secretary   01483 544500 

Notes to Editors:

 
 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           Initial notification 
       / amendment 
---  -----------------------------  -------------------------------- 
 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   Ordinary shares in discoverIE 
       instrument, type of            Group plc 
       instrument                     GB0000055888 
       Identification code 
---  -----------------------------  -------------------------------- 
 b)   Nature of the transaction      Exercise of nil cost 
                                      options made pursuant 
                                      to the Company's 2008 
                                      Long Term Incentive 
                                      Plan 
---  -----------------------------  -------------------------------- 
 c)   Price(s) and volume(s)           Price          Volume 
                                       -------------  -------- 
                                        0 pence per 
                                         share         838,394 
                                       -------------  -------- 
---  -----------------------------  -------------------------------- 
 d)   Aggregated information           Price        Volume    Total 
                                       -----------  --------  ------ 
                                        0 pence      838,394   GBP0 
                                         per share 
                                       -----------  --------  ------ 
---  -----------------------------  -------------------------------- 
 e)   Date of the transaction        5 June 2018 
---  -----------------------------  -------------------------------- 
 f)   Place of the transaction       London Stock Exchange, 
                                      Main Market (XLON) 
---  -----------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                           Simon Gibbins 
---  -----------------------------  -------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position / status              Group Finance Director 
---  -----------------------------  -------------------------------- 
 b)   Initial notification           Initial notification 
       / amendment 
---  -----------------------------  -------------------------------- 
 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   Ordinary shares in discoverIE 
       instrument, type of            Group plc 
       instrument                     GB0000055888 
       Identification code 
---  -----------------------------  -------------------------------- 
 b)   Nature of the transaction      Exercise of nil cost 
                                      options made pursuant 
                                      to the Company's 2008 
                                      Long Term Incentive 
                                      Plan 
---  -----------------------------  -------------------------------- 
 c)   Price(s) and volume(s)           Price          Volume 
                                       -------------  -------- 
                                        0 pence per 
                                         share         423,387 
                                       -------------  -------- 
---  -----------------------------  -------------------------------- 
 d)   Aggregated information           Price        Volume    Total 
                                       -----------  --------  ------ 
                                        0 pence      423,387   GBP0 
                                         per share 
                                       -----------  --------  ------ 
---  -----------------------------  -------------------------------- 
 e)   Date of the transaction        5 June 2018 
---  -----------------------------  -------------------------------- 
 f)   Place of the transaction       London Stock Exchange, 
                                      Main Market (XLON) 
---  -----------------------------  -------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 06, 2018 04:00 ET (08:00 GMT)