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IGG Ig Group Holdings Plc

728.50
-7.50 (-1.02%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ig Group Holdings Plc LSE:IGG London Ordinary Share GB00B06QFB75 ORD 0.005P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.50 -1.02% 728.50 728.00 729.00 740.00 720.00 728.50 608,705 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commodity Brokers & Dealers 1.02B 365.4M 0.9530 7.65 2.8B

IG Group Holdings plc Director/PDMR Shareholding (5487V)

07/08/2020 3:30pm

UK Regulatory


Ig (LSE:IGG)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMIGG

RNS Number : 5487V

IG Group Holdings plc

07 August 2020

IG Group Holdings PLC

07 August 2020

LEI: 2138003A5Q1M7ANOUD76

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

IG Group Holdings Plc (the "Company") gives notice of the following transactions carried out in respect of the Company's ordinary shares of 0.005p each (the "Shares") by Charlie Rozes, Chief Financial Officer and Executive Director of the Company, details of which are set out in the Notification of Transactions by PDMRs in this announcement as required by the EU Market Abuse Regulation.

Buyout Awards

Conditional awards were made to Charlie Rozes over Shares on 6 August 2020 in relation to his joining the Company and being appointed as an Executive Director and Chief Financial Officer of IG Group, as announced on 4 May 2020. In connection with Mr Rozes agreeing to take up employment with the Company, it was agreed that buy-out awards (the "Buy-Out Awards") would be made to him as compensation for incentives forfeited on leaving his previous employer, Marsh & McLennan Companies Inc. The Buy-Out Awards have been approved by the Company's Remuneration Committee ('Remuneration Committee').

The Buy-Out Awards will vest subject to Mr Rozes' continued service with the Company and to the satisfaction of the conditions set out below.

 
                                                        Award                                                                 Number                                                             Vesting 
                                                                                                                                of                                                             Conditions 
                                                                                                                              Shares 
                                                                                                                              subject 
                                                                                                                                to 
                                                                                                                               Award 
                                                        "Restricted                                                           35,628                                                           The 
                                                        Stock Award"                                                                                                                           Restricted 
                                                                                                                                                                                               Stock Award 
                                                                                                                                                                                               will vest 
                                                                                                                                                                                               in two 
                                                                                                                                                                                               equal 
                                                                                                                                                                                               tranches on 
                                                                                                                                                                                               1 May 2021 
                                                                                                                                                                                               and 1 May 
                                                                                                                                                                                               2022. 
                                                                      ---------------------------------------------------------------  ------------------------------------------------------------------- 
                                                        "Performance                                                          35,616                                                           The 
                                                        Stock Award"                                                                                                                           Performance 
                                                                                                                                                                                               Stock Award 
                                                                                                                                                                                               will Vest 
                                                                                                                                                                                               on 30 June 
                                                                                                                                                                                               2022 
                                                                                                                                                                                               to the same 
                                                                                                                                                                                               extent as 
                                                                                                                                                                                               the 
                                                                                                                                                                                               average 
                                                                                                                                                                                               vesting 
                                                                                                                                                                                               outcome 
                                                                                                                                                                                               for the 
                                                                                                                                                                                               financial 
                                                                                                                                                                                               years 
                                                                                                                                                                                               ending 31 
                                                                                                                                                                                               May 2021 
                                                                                                                                                                                               and 
                                                                                                                                                                                               31 May 2022 
                                                                                                                                                                                               of awards 
                                                                                                                                                                                               granted 
                                                                                                                                                                                               under the 
                                                                                                                                                                                               IG Group 
                                                                                                                                                                                               Sustained 
                                                                                                                                                                                               Performance 
                                                                                                                                                                                               Plan. 
                                                                      ---------------------------------------------------------------  ------------------------------------------------------------------- 
                                                        "NSO Award"                                                           6,535                                                            The NSO 
                                                                                                                                                                                               Award will 
                                                                                                                                                                                               vest 
                                                                                                                                                                                               in three 
                                                                                                                                                                                               equal 
                                                                                                                                                                                               tranches 
                                                                                                                                                                                               on each of 
                                                                                                                                                                                               1 May 2021, 
                                                                                                                                                                                               1 May 2022 
                                                                                                                                                                                               and 1 May 
                                                                                                                                                                                               2023. 
                                                                      ---------------------------------------------------------------  ------------------------------------------------------------------- 
 

The Buyout Award was granted pursuant to Listing Rule 9.4.2(2) and will be limited to settlement with Shares purchased in the market.

In accordance with Article 19 of the EU Market Abuse Regulation, the relevant FCA notification is set out below.

 
      Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Charlie Rozes 
     --------------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                   Chief Financial Officer 
     --------------------------------  --------------------------------------------- 
 b)   Initial notification /Amendment   Initial Notification 
     --------------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                              IG Group Holdings Plc 
     --------------------------------  --------------------------------------------- 
 b)   LEI                               2138003A5Q1M7ANOUD76 
     --------------------------------  --------------------------------------------- 
 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 of 0.005 pence 
       instrument, type of instrument 
 
       Identification code               GB00B06QFB75 
     --------------------------------  --------------------------------------------- 
 b)   Nature of the transaction         Conditional awards of Shares in compensation 
                                         for awards forfeited on Mr Rozes' 
                                         resignation from his previous employer 
     --------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.00     35,628 
                                           GBP0.00     35,616 
                                           GBP0.00     6,535 
                                                      ---------- 
     --------------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       Aggregated volume                  77,779 
 
       Price                              GBP0.00 
     --------------------------------  --------------------------------------------- 
 e)   Date of the transaction           6 August 2020 
     --------------------------------  --------------------------------------------- 
 f)   Place of transaction              London Stock Exchange (XLON) 
     --------------------------------  --------------------------------------------- 
 

For further information, please contact:

IG Group:

Investors contact

   Liz Scorer                                             020 7573 0727 

investors@ig.com

Press contact

   Ramon Kaur                                       020 7573 0060 

press@ig.com

About IG

IG empowers informed, decisive, adventurous, people to access opportunities in over 17,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG's vision is to provide the world's best trading experience. Established in 1974 as one of the world's first providers of financial derivatives to retail traders, it continued leading the way by launching the world's first online and iPhone trading services.

IG is an award-winning, multi-product trading company which allows retail, professional and institutional clients to trade 24 hours a day, 7 days a week*. IG is the world's No.1 provider of CFDs** and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees and offers an execution-only stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which provide a comprehensive offering to investors and active traders.

IG is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and North America. IG Group Holdings plc holds a long-term investment grade credit rating of BBB- with a stable outlook from Fitch Ratings.

* Excluding 10pm Friday (GMT) to 8am Saturday (GMT)

** Based on revenue excluding FX (from published financial statements, June 2020)

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 rns@lseg.com or visit www.rns.com.

END

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August 07, 2020 10:30 ET (14:30 GMT)

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