Director LTIP Award

RNS Number : 1148H

discoverIE Group plc

30 July 2021

 

30 July 2021

discoverIE Group plc 

Director LTIP Award

discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Company"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that, on 29 July 2021, options were granted for nil consideration over the following numbers of ordinary shares under the 2021 discoverIE Group plc Long Term Incentive Plan ("LTIP"):

Director/PDMR	SharesComprisedinAwards
NickJefferies	74,482
SimonGibbins	44,521

The awards will vest on 29 July 2024, subject to the achievement of performance targets measured over a three-year period. Vested options will be subject to an additional two-year holding period.

For further information, please contact:

discoverIE Group plc

Greg Davidson - Company Secretary  01483 544 500

Buchanan

Chris Lane, Toto Berger    020 7466 5000

[e-mail]

1	Detailsofthepersondischargingmanagerialresponsibilities/personcloselyassociated
a)	Name	Nick Jefferies
2	Reasonforthenotification
a)	Position/status	Group Chief Executive
b)	Initialnotification/amendment	Initialnotification
3	Details of issuer
a)	Name	discoverIEGroupplc
b)	LEI	213800BMDLQU1VEEAN68
4	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii) eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	Descriptionofthefinancialinstrument,type ofinstrument Identificationcode	OptionsoverOrdinarySharesindiscoverIEGroupplc GB0000055888
b)	Natureofthetransaction	AwardmadepursuanttotheCompany's Long‐TermIncentivePlan
c)	Price(s)andvolume(s)	Price Volume Nil 74,482
d)	Aggregatedinformation	N/A
e)	Dateofthetransaction	29 July 2021
f)	Placeofthetransaction	Outsideatradingvenue

1	Detailsofthepersondischargingmanagerialresponsibilities/personcloselyassociated
a)	Name	SimonGibbins
2	Reasonforthenotification
a)	Position/status	GroupFinanceDirector
b)	Initialnotification/amendment	Initialnotification
3	Details of issuer
a)	Name	discoverIEGroupplc
b)	LEI	213800BMDLQU1VEEAN68
4	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii) eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	Descriptionofthefinancialinstrument,type ofinstrument Identificationcode	OptionsoverOrdinarySharesindiscoverIEGroupplc GB0000055888
b)	Natureofthetransaction	AwardmadepursuanttotheCompany's Long‐TermIncentivePlan
c)	Price(s)andvolume(s)	Price Volume Nil 44,521
d)	Aggregatedinformation	N/A
e)	Dateofthetransaction	29 July 2021
f)	Placeofthetransaction	Outsideatradingvenue

Notes to Editors :

discoverIE Group plc is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.

With a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation and industrial & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment, while its key markets are aligned with a sustainable future.

The Group employs c.4,600 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is in the top quartile of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenues of over £450m.

 

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