Long Term Incentive Plan Awards

RNS Number : 0756T

IG Design Group PLC

15 March 2019

 

15 March 2019

IG Design Group Plc
('Design Group' or the 'Company')

Long Term Incentive Plan Awards

The Company announces that on 14 March 2019, it awarded a total of 441,593 nil cost options ("Options") over ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") to Paul Fineman, Chief Executive, Giles Willits, Chief Financial Officer, and Lance Burn, Executive Director, under the Company's 2018-21 Long Term Incentive Plan ("LTIP").

Details of the awards made to each Director and their resulting interests in the Company are detailed in the table below.

		Existing Option awards				New Option award
Director	Ordinary Shares	LTIP 2014-17 (Vested)	LTIP 2015-18 (Vested)	LTIP 2016-19 (Not vested)	LTIP 2017-20 (Not vested)	LTIP 2018-2021 (Not vested)
Paul Fineman*	2,369,334	-	312,916	226,791	132,443	204,675
Giles Willits	93,573	-	-	-	172,454	128,654
Lance Burn	-	133,678	192,963	111,882	62,296	108,264

*Paul Fineman also has a non-beneficial interest in an additional 174,608 Ordinary Shares

The above awards are subject to relevant performance criteria being achieved. 

For further information, please contact:

IG Design Group Plc Paul Fineman, CEO Giles Willits, CFO	Tel: [phone]
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Alex Aylen - Sales	Tel:  [phone]
Alma PR Rebecca Sanders-Hewett Susie Hudson Sam Modlin	Tel:  [phone]

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 the financial instrument: Identification code:	Options over Ordinary Shares of 5 pence each   ISIN: GB0004526900
b)	Nature of the transaction:	Award of nil cost options, conditional on future performance
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		nil	204,675
d)	Aggregated volume: Price:	N/A - Single transaction
e)	Date of the Transaction:	14 March 2019
f)	Place of the Transaction:	Outside trading venue

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 the financial instrument: Identification code:	Options over Ordinary Shares of 5 pence each   ISIN: GB0004526900
b)	Nature of the transaction:	Award of nil cost options, conditional on future performance
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		nil	128,654
d)	Aggregated volume: Price:	N/A - Single transaction
e)	Date of the Transaction:	14 March 2019
f)	Place of the Transaction:	Outside trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Lance Burn
2	Reason for the notification
a)	Position/Status:	Executive Director
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 the financial instrument: Identification code:	Options over Ordinary Shares of 5 pence each   ISIN: GB0004526900
b)	Nature of the transaction:	Award of nil cost options, conditional on future performance
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		nil	108,264
d)	Aggregated volume: Price:	N/A - Single transaction
e)	Date of the Transaction:	14 March 2019
f)	Place of the Transaction:	Outside trading venue

 

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