Director/PDMR Shareholding

RNS Number : 5487V

IG Group Holdings plc

07 August 2020

 

IG Group Holdings PLC  

07 August 2020

LEI: 2138003A5Q1M7ANOUD76

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

IG Group Holdings Plc (the "Company") gives notice of the following transactions carried out in respect of the Company's ordinary shares of 0.005p each (the "Shares") by Charlie Rozes, Chief Financial Officer and Executive Director of the Company, details of which are set out in the Notification of Transactions by PDMRs  in this announcement as required by the EU Market Abuse Regulation.

Buyout Awards

Conditional awards were made to Charlie Rozes over Shares on 6 August 2020 in relation to his joining the Company and being appointed as an Executive Director and Chief Financial Officer of IG Group, as announced on 4 May 2020.  In connection with Mr Rozes agreeing to take up employment with the Company, it was agreed that buy-out awards (the "Buy-Out Awards") would be made to him as compensation for incentives forfeited on leaving his previous employer, Marsh & McLennan Companies Inc. The Buy-Out Awards have been approved by the Company's Remuneration Committee ('Remuneration Committee').

The Buy-Out Awards will vest subject to Mr Rozes' continued service with the Company and to the satisfaction of the conditions set out below.

Award	Number of Shares subject to Award	Vesting Conditions
"Restricted Stock Award"	35,628	The Restricted Stock Award will vest in two equal tranches on 1 May 2021 and 1 May 2022.
"Performance Stock Award"	35,616	The Performance Stock Award will Vest on 30 June 2022 to the same extent as the average vesting outcome for the financial years ending 31 May 2021 and 31 May 2022 of awards granted under the IG Group Sustained Performance Plan.
"NSO Award"	6,535	The NSO Award will vest in three equal tranches on each of 1 May 2021, 1 May 2022 and 1 May 2023.

The Buyout Award was granted pursuant to Listing Rule 9.4.2(2) and will be limited to settlement with Shares purchased in the market.

In accordance with Article 19 of the EU Market Abuse Regulation, the relevant FCA notification is set out below.

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charlie Rozes
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IG Group Holdings Plc
b)	LEI	2138003A5Q1M7ANOUD76
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 Identification code	Ordinary Shares of 0.005 pence GB00B06QFB75
b)	Nature of the transaction	Conditional awards of Shares in compensation for awards forfeited on Mr Rozes' resignation from his previous employer
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 35,628 £0.00 35,616 £0.00 6,535
d)	Aggregated information Aggregated volume Price	77,779 £0.00
e)	Date of the transaction	6 August 2020
f)	Place of transaction	London Stock Exchange (XLON)

For further information, please contact:

IG Group:

Investors contact

Liz Scorer    020 7573 0727

[e-mail]

Press contact

Ramon Kaur  020 7573 0060

[e-mail]

About IG

IG empowers informed, decisive, adventurous, people to access opportunities in over 17,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG's vision is to provide the world's best trading experience. Established in 1974 as one of the world's first providers of financial derivatives to retail traders, it continued leading the way by launching the world's first online and iPhone trading services.

IG is an award-winning, multi-product trading company which allows retail, professional and institutional clients to trade 24 hours a day, 7 days a week*. IG is the world's No.1 provider of CFDs** and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees and offers an execution-only stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which provide a comprehensive offering to investors and active traders.

IG is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and North America. IG Group Holdings plc holds a long-term investment grade credit rating of BBB- with a stable outlook from Fitch Ratings.

*  Excluding 10pm Friday (GMT) to 8am Saturday (GMT)

**  Based on revenue excluding FX (from published financial statements, June 2020)  

 

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