Intermediate Capital Group plc : Grant of Share...

Intermediate Capital Group plc (the “Company”)

2 August 2019

Notification of Transactions of Directors

GRANT OF SHARE AWARDS

The Company announces that on 1 August 2019 PLC Equity Awards under the Intermediate Capital Group Omnibus Plan were granted to Vijay Bharadia, an Executive Director. As detailed in the 2019 Annual Report of the Company, the awards were made to replace and materially replicate awards Mr Bharadia forfeited on leaving his previous employer.

The awards made were over the following number of ordinary shares in the Company:

Date on which forfeited awards were due to vest	Number of ICG Shares under replacement award	Vesting date for award
1 July 2019	9,721*	1 August 2019
1 January 2020	14,318	1 January 2020
1 July 2020	5,516*	1 July 2020
1 January 2021	8,950	1 January 2021
1 July 2021	10,788*	1 July 2021
1 January 2022	4,988	1 January 2022
1 July 2022	7,572*	1 July 2022
1 July 2023	4,776*	1 July 2023

*Awards which are subject to retention requirement whereby 25% of shares awarded (on a net of tax basis) are required to be held by the director after the vesting date until the earlier of (i) the tenth anniversary of the relevant vesting date and (ii) the date on which the restrictive covenants in his employment contract expire.

In all cases, the awards are over Ordinary Shares in the Company of 26 1/4p each and no payment was required for the grant of the awards. The awards will benefit from the accrual of dividend equivalents in line with ICG’s standard policy in order to ensure alignment with shareholders.

Details of the full notifications received by the Company are set out below. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Vijay V. Bharadia
2	Reason for Notification
a)	Position/status	Executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Intermediate Capital Group plc
b)	LEI	549300OGASR5WRKJ8R68
4	Details of the 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, type of instrument	Ordinary shares of 26 ¼ pence each in Intermediate Capital Group plc
	Identification code	GB00BYT1DJ19
b)	Nature of the transaction	Grant of PLC Equity Awards (conditional share awards) under and subject to the terms of the Intermediate Capital Group Omnibus Plan
c)	Price(s) and volume(s) (8 different awards)	Price(s)	Volume(s)
		GBP 00.00	9,721
		GBP 00.00	14,318
		GBP 00.00	5,516
		GBP 00.00	8,950
		GBP 00.00	10,788
		GBP 00.00	4,988
		GBP 00.00	7,572
		GBP 00.00	4,776
d)	Aggregated information Aggregated volume Price	Not applicable – single transaction
e)	Date of the transaction	1 August 2019
f)	Place of the transaction	Outside a trading venue

Contacts:

Ian Stanlake
Investor Relations, Intermediate Capital Group plc
D: [phone]
[e-mail]

Alicia Wyllie
Corporate Communications, Intermediate Capital Group plc
D: [phone]
M: [phone]
[e-mail]

Andy Lewis
Company Secretary, Intermediate Capital Group plc
D: [phone]
[e-mail]