Director/PDMR Shareholding

RNS Number : 4155V

IG Group Holdings plc

01 November 2010

 



IG Group Holdings plc

1 November 2010

Notification of transactions of the directors of IG Group Holdings plc ("IG" or the "Company") in respect of IG's ordinary shares pursuant to DTR 3.1.4R(1). 

Following a shareholders resolution at the Company's AGM on the 7 October 2010 approving the "Value Sharing Plan" employee share incentive scheme (the "Plan"), the Plan has been adopted by the Company and the following awards have been made to the Company's directors on the 29 October 2010: 

Name of Participant	Number of Shares subject to Award per £1m of value created	Total number of shares subject to award at maximum vesting*	TSR Percentage	PBT Percentage
Timothy Howkins	400	587,600	60%	40%
Peter Hetherington	250	367,250	60%	40%
Andrew Mackay	250	367,250	60%	40%

* For the maximum number of shares to vest the Company would have to create surplus shareholder value of £1,469m

The Plan awards granted to the participants are nil-cost options based upon a performance period from the 1 June 2010 to the 31 May 2013 (the "Performance Period") that may be exercised after the adoption of the audited accounts for the last financial year in the Performance Period. The Plan awards once determined vest in two equal tranches, 50% on determination and 50%, 12 months later.  

Summary details of the Plan can be seen by navigating to the 2010 Notice of AGM at www.iggroup.com/investors.

Guy Abbi

Company Secretary

IG Group Holdings plc

Tel. [phone] 

 

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