IG Design Group PLC Long Term Incentive Awards (7012A)

TIDMIGR

RNS Number : 7012A

IG Design Group PLC

02 January 2018

2 January 2018

IG Design Group Plc

('IG' or the 'Company')

Long Term Incentive Awards

The Company announces that it has awarded 168,463 nil cost options over ordinary shares of 5 pence each in the capital of the Company ("Options") to Giles Willits, the newly appointed Chief Financial Officer, under the Company's 2017-20 Long Term Incentive Plan ("LTIP"). The Company also announces that it has awarded 129,380 Options to Paul Fineman, Chief Executive, under the Company's 2017-20 LTIP.

Further to the above the remuneration committee has agreed to award Mr Fineman incremental awards for each of the 2015-18 and 2016-19 LTIP schemes, which equates to a further 100,474 and 72,885 Options respectively.

Following these awards Paul Fineman and Giles Willits have the following interests in the Company's Ordinary Shares, including adjustments in respect of dividends accumulated on options over the vesting period:

 
              Ordinary    LTIP 2015-18   LTIP 2016-19   LTIP 2017-20 
                Shares      (Not Yet       (Not Yet       (Not Yet 
                             Vested)        Vested)        Vested) 
-----------  ----------  -------------  -------------  ------------- 
 
 Paul 
  Fineman*    4,453,534     301,422        218,655        129,380 
 Giles 
  Willits      93,573          0              0           168,463 
 

*Paul Fineman holds a non-beneficial interest of a further 174,608 Ordinary Shares

The above awards are subject to relevant performance criteria being achieved, which are set out in full in the annual report and accounts of the Company.

The total number of Ordinary Shares that are subject to award to Company employees under the 2017-20 LTIP is now 626,286.

For further information, please contact:

IG Design Group Plc Tel: [phone]

Paul Fineman, Chief Executive

Giles Willits, Chief Financial Officer

Cenkos Securities Tel: [phone]

Bobbie Hilliam

Harry Hargreaves

 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ----------------------------------------------------------------------------- 
 a)    Name:                              Paul Fineman 
----  ---------------------------------  ------------------------------------------ 
 2     Reason for the notification 
----  ----------------------------------------------------------------------------- 
 a)    Position/Status:                   Chief Executive 
----  ---------------------------------  ------------------------------------------ 
 b)    Initial Notification/Amendment:    Initial Notification 
----  ---------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market 
        participation, auction platform, auctioneer 
        or auction monitor 
----  ----------------------------------------------------------------------------- 
 a)    Name:                              IG Design Group plc 
----  ---------------------------------  ------------------------------------------ 
 b)    LEI:                               213800J8I5XDZ3JU8496 
----  ---------------------------------  ------------------------------------------ 
 4.    Details of 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                     Ordinary shares of 5 pence each 
        the financial 
        instrument:                        ISIN: GB0004526900 
        Identification 
        code: 
----  ---------------------------------  ------------------------------------------ 
 b)    Nature of the                      Award of nil cost options, conditional 
        transaction:                       on future performance 
----  ---------------------------------  ------------------------------------------ 
 c)    Price(s) and                       Price(s)              Volume(s) 
        volume(s): 
----  ---------------------------------  --------------------  -------------------- 
   -                                                            302,739 
  -----------------------------------------------------------  -------------------- 
 d)    Aggregated volume: 
        Price:                             N/A - Single transaction 
----  ---------------------------------  ------------------------------------------ 
 e)    Date of the Transaction:           2 January 2018 
----  ---------------------------------  ------------------------------------------ 
 f)    Place of the                       Outside trading venue 
        Transaction: 
----  ---------------------------------  ------------------------------------------ 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ----------------------------------------------------------------------------- 
 a)    Name:                              Giles Willits 
----  ---------------------------------  ------------------------------------------ 
 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 
        participation, auction platform, auctioneer 
        or auction monitor 
----  ----------------------------------------------------------------------------- 
 a)    Name:                              IG Design Group plc 
----  ---------------------------------  ------------------------------------------ 
 b)    LEI:                               213800J8I5XDZ3JU8496 
----  ---------------------------------  ------------------------------------------ 
 4.    Details of 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                     Ordinary shares of 5 pence each 
        the financial 
        instrument:                        ISIN: GB0004526900 
        Identification 
        code: 
----  ---------------------------------  ------------------------------------------ 
 b)    Nature of the                      Award of nil cost options, conditional 
        transaction:                       on future performance 
----  ---------------------------------  ------------------------------------------ 
 c)    Price(s) and                       Price(s)              Volume(s) 
        volume(s): 
----  ---------------------------------  --------------------  -------------------- 
   -                                                            168,463 
  -----------------------------------------------------------  -------------------- 
 d)    Aggregated volume: 
        Price:                             N/A - Single transaction 
----  ---------------------------------  ------------------------------------------ 
 e)    Date of the Transaction:           2 January 2018 
----  ---------------------------------  ------------------------------------------ 
 f)    Place of the                       Outside trading venue 
        Transaction: 
----  ---------------------------------  ------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 02, 2018 05:28 ET (10:28 GMT)