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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.00 | 0.55% | 732.50 | 729.00 | 729.50 | 740.00 | 725.00 | 740.00 | 827,486 | 16:35:27 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commodity Brokers & Dealers | 1.02B | 365.4M | 0.9530 | 7.65 | 2.8B |
From Apr 2019 to Apr 2024
TIDMIGG
RNS Number : 6764V
IG Group Holdings plc
10 August 2020
IG Group Holdings plc
LEI No: 2138003A5Q1M7ANOUD76
10 August 2020
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")
IG Group Holdings plc (the "Company"), a global leader in online trading, gives notice of the following transactions carried out in respect of the Company's ordinary shares of 0.005p each (the "Ordinary Shares") by June Felix, Chief Executive Officer and Executive Director of the Company, which is set out in the Notification of Transactions by PDMRs in this announcement as required by the EU Market Abuse Regulation.
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1. Sustained Performance Plan ("SPP"): Award of par cost options on 6 August 2020
The share price used to determine the number of options awarded is GBP7.428 and is based on the average of the closing prices of the previous 10 days as is required by the rules of the SPP.
PDMR Number of Shares
June Felix 392,649
-----------------
2. Sustained Performance Plan ("SPP"): Exercise of par cost options and Sale of Shares
Ordinarily, a proportion of shares granted under the Company's SPP would be sold on the London Stock Exchange to satisfy the entire income tax and national insurance liabilities immediately arising on vesting. This would have resulted in the sale of 68,048 shares in the Company and the transfer of 76,446 shares to Ms Felix.
The Company also announces that June Felix has elected to satisfy a significant portion of the income tax and national insurance liability from her own resources, resulting in the sale of 47,955 shares in the Group and the transfer of 96,539 shares to Ms Felix.
The table below sets out the share options exercised on 6 August 2020 and the number of shares sold and the price per share, following the exercise and sale:
PDMR SPP Grant Number of Number of Shares Price per share
Shares Exercised Sold sold
SPP 2019 13,611 13,611
June Felix SPP 2020 130,883 34,344 GBP7.3529
Total 144,494 47,955
------------------------ ----------------- ----------------- ------------------
Following this transaction, June Felix's total shareholding in the Company is 352,909 shares (which includes her unvested share options in the SPP on a net of tax basis), representing 424% of salary held (based on a share price of GBP7.325). Under the share ownership policy, Executive Directors are expected to hold shares to the value of a minimum of 200% of base salary.
3. Purchase of Shares under the Company's Share Incentive Plan ("SIP")
The Company operates a HMRC tax advantaged SIP, which is open to all UK based employees. If employees participating in the SIP retain their purchased shares and remain employed on the third anniversary of the purchase, additional matching shares will vest on a one-for one basis.
The Company was today advised by the Trustees of the SIP that on 6 August 2020, the following transactions were made under the SIP:
Director/PDMR Partnership Shares Purchase Price per
share
June Felix 242 GBP7.4366
------------------- -------------------
For further information, please contact
IG Group:
Investors contact
Liz Scorer, Head of Investor Relations +44 20 7573 0727
investors@ig.com
Press contact
Ramon Kaur, Head of Communications +44 20 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)
IG Group Holdings Plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name June Felix
--------------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Chief Executive 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 0.005pence
instrument, type of instrument GB00B06QFB75
Identification code
--------------------------------- -----------------------------------------
b) Nature of the transaction Award of par cost options under the
2020 IG Group Sustained Performance
Plan
--------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.00 392,649
----------
--------------------------------- -----------------------------------------
d) Aggregated information
Aggregated volume 392,649
Price GBP0.00
-------------------------------------- -------------------------------------------
e) Date of the transaction 6 August 2020
--------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- -----------------------------------------
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 0.005pence
instrument, type of instrument GB00B06QFB75
Identification code
--------------------------------- -----------------------------------------
b) Nature of the transaction Exercise of par cost options under
the IG Group 2020 Sustained Performance
Plan
--------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2019: 0.005pence
per share 13,611
2020: 0.005pence
per share 34,344
----------
--------------------------------- -----------------------------------------
d) Aggregated information 47,995
Aggregated volume GBP2.40
Price
--------------------------------- -----------------------------------------
e) Date of the transaction 6 August 2020
--------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- -----------------------------------------
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 0.005pence
instrument, type of instrument GB00B06QFB75
Identification code
--------------------------------- -----------------------------------------
b) Nature of the transaction Sale of shares following exercise
of options under the IG Group Sustained
Performance Plan
--------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP7.3529 per
share 47,955
----------
--------------------------------- -----------------------------------------
d) Aggregated information 47,955
Aggregated volume GBP352,608.32
Price
--------------------------------- -----------------------------------------
e) Date of the transaction 6 August 2020
--------------------------------- -----------------------------------------
f) Place of the transaction London Stock Excahnge (XLON)
--------------------------------- -----------------------------------------
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 0.005pence
instrument, type of instrument GB00B06QFB75
Identification code
--------------------------------- -----------------------------------------
b) Nature of the transaction Purchase of Partnership Shares under
the IG Group Share Incentive Plan
--------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP7.4366 242
----------
--------------------------------- -----------------------------------------
d) Aggregated information 242
Aggregated volume GBP1,799.66
Price
--------------------------------- -----------------------------------------
e) Date of the transaction 6 August 2020
--------------------------------- -----------------------------------------
f) Place of the transaction London Stock Excahnge (XLON)
--------------------------------- -----------------------------------------
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 0.005pence
instrument, type of instrument GB00B06QFB75
Identification code
--------------------------------- -----------------------------------------
b) Nature of the transaction Award of Matching Shares under the
IG Group Share Incentive Plan
--------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.00 242
----------
--------------------------------- -----------------------------------------
d) Aggregated information 242
Aggregated volume 0.00
Price
--------------------------------- -----------------------------------------
e) Date of the transaction 6 August 2020
--------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- -----------------------------------------
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
DSHFLFLLTFIILII
(END) Dow Jones Newswires
August 10, 2020 07:14 ET (11:14 GMT)
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