Director Shareholding

RNS Number : 4682N

IG Group Holdings plc

11 June 2010

 



Director shareholding
11 June 2010

IG Group Holdings plc ("IG") has today been notified of the following transactions by a director and his spouse in respect of IG's ordinary shares of 0.005p each.  On 11 June 2010 in London, Tim Howkins and his wife, Caroline Howkins, each entered into an agreement to dispose of the majority of their shareholdings to family trusts.  The number of shares involved was:

Tim Howkins                              2,006,991
Caroline Howkins                     1,768,009

These agreements provide for completion of each transaction to take place on 11 June 2020 unless the purchaser serves notice to complete the acquisition of some or all of the shares prior to that date.  The consideration, payable at completion, for each transaction is £100,000 plus, if the market value of the shares disposed is higher than £100,000 at the date of completion, an amount equal to 95% of such market value less £100,000.

Following these transactions, Tim Howkins' interest in the ordinary share capital of IG remains unchanged at 3,800,000 shares, representing 1.05% of the issued share capital, comprising 2,019,491 held by him and 1,780,509 held by his wife.

 

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