Notification of Transactions of Director

RNS Number : 1534P

IG Group Holdings plc

27 September 2013

 



IG Group Holdings plc
27 September 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

IG Group Holdings Plc (the "Company") was notified on 26 September 2013 of transactions carried out by a director in respect of the Company's ordinary shares of 0.005p each (the "Ordinary Shares"). This notice is being issued in accordance with DTR 3.1.4R(1) and DTR 3.1.5R.

1.    Exercise of nil-cost options and sale of shares

On 26 September 2013, Peter Hetherington exercised a nil-cost option to acquire 138,876 Ordinary Shares under the Company's Long Term Incentive Plan following an award made in 2009, vesting in 2012. Following this transaction, Peter sold 138,876 Ordinary Shares for 581.77 pence per share.  

Date and place of transaction	Nature of transaction	Price per share	Shares held following transaction
26/09/2013 London	Exercise of nil-cost options to acquire 138,876 Ordinary Shares under the Company's Long Term Incentive Plan, following an award made in 2009, vesting in 2012	Nil	252,827 Ordinary Shares
26/09/2013 London	Sale:  138,876  Ordinary Shares	581.77 pence	113,951 Ordinary Shares

2.    Exercise of nil-cost options under the Long Term Bonus Plan

As disclosed in RNS2037J on 2 August 2012, Peter Hetherington was awarded a number of nil cost options under the Company's Long Term Bonus Plan representing a deferred element of his FY12 cash bonus.  On 26 September 2013, Peter exercised these nil-cost options (and the corresponding dividend equivalents, which accrued to vesting).  The Company elected to cash settle the options according to a formula set down in the Plan, the cash settlement being subject to tax and National Insurance.

Date and place of transaction	Nature of transaction	Price per share	Shares held following transaction *
26/09/2013 London	Exercise of nil-cost options over 78,570 shares via cash settlement in accordance with the Company's Long Term Bonus Plan	587.17 pence	113,951 Ordinary Shares

*      As the award can be cash settled on the vesting date, the exercise does not result in a change to the Directors' overall interest in the Company's shares

For further information, please contact:

IG Group

Kieran McKinney

Head of Investor Relations          020 7573 0026

FTI

Neil Doyle / Ed Berry     020 7269 7237 / 7297

 

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