Award of shares to Directors

RNS Number : 6752S

IG Group Holdings plc

14 September 2010

 



IG Group Holdings plc ("IG" or the "Company")

Award of shares to Directors

As disclosed in IG's annual report for the year ended 31 May 2010, a proportion of the directors' performance related bonus for the financial year ended 31 May 2010 was to be deferred for 12 months. Pursuant to the rules of the Long Term Bonus Plan 2010 ("LTBP"), the Directors were to be awarded options to acquire the relevant number of shares at nil cost or their cash equivalent on the vesting date of 28 June 2011.

The Company has been notified that on 10 September 2010, the following awards of options over IG shares were made in accordance with the LTBP. As the awards can be cash settled on the vesting date, there is no change in any of the Directors' overall interest in IG shares.

Director	Date of Transaction	Date of notification of transaction	Nature of transaction	Price per share in pence	Shares held prior to and following transaction	Shares held prior to and following transaction (%)
T A Howkins	10.09.10	10.09.10	Award: 70,556 (Note 1)	n/a	3,800,000	1.05
A R Mackay	10.09.10	10.09.10	Award: 59,001 (Note 1)	n/a	867,687	0.24
P G Hetherington	10.09.10	10.09.10	Award: 49,167 (Note 1)	n/a	200,833	0.06

Note 1: The cash equivalent deferred into the LTBP for each of the above directors is as follows: T A Howkins: £287,000, A R MacKay: £240,000, and P G Hetherington: £200,000. 

 

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