Director/PDMR Shareholding

IG Group Holdings plc

27 January 2025

 

IG Group Holdings plc
LEI No: 2138003A5Q1M7ANOUD76
27 January 2025

IG Group Holdings plc
(the 'Company')

NOTIFICATION OF TRANSACTION OF A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR")

IG Group Holdings plc gives notice about conditional awards granted to Clifford Abrahams, Chief Financial Officer and Executive Director of the Company, details of which are set out in the Notification of Transactions by a PDMR in this announcement as required by the EU Market Abuse Regulation.

Buyout Awards

Conditional awards were made to Clifford Abrahams over the Company's ordinary shares ("Shares") on 24 January 2025 in relation to his joining the Company and being appointed as an Executive Director and Chief Financial Officer of IG Group, as announced on 30 October 2024. In connection with Mr Abrahams agreeing to take up employment with the Company, it was agreed that the buy-out awards (the "Buy-Out Awards") would be made to him as compensation for incentives forfeited on leaving his previous employer, Virgin Money UK plc ("VM"). The Buy-Out Awards have been approved by the Company's Remuneration Committee.

The Buy-Out Awards will vest subject to Mr Abrahams' continued service with the Company, they are not subject to any performance conditions:

Award	Number of Shares subject to Award	Vesting Date
Replacement 2022 LTIP	620	9 December 2025
	620	9 December 2026
	620	9 December 2027
	620	9 December 2028
	620	9 December 2029
Replacement 2023 LTIP	4,293	8 December 2026
	4,293	8 December 2027
	4,293	8 December 2028
	4,293	8 December 2029
	4,293	8 December 2030

The Buyout Award was granted pursuant to Listing Rule 9.3.2(2) and will be limited to settlement with Shares purchased in the market.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clifford Abrahams
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 Abrahams' resignation from his previous employer
c)	Price(s) and volume(s)	Price(s)   Volume(s) £0.00  24,565
d)	Aggregated information   -      Aggregated volume -      Price	N/A
e)	Date of the transaction	24 January 2025
f)	Place of the transaction	Outside a trading venue

Company Secretariat	IG Group Investors	FTI Consulting
Aurelia Gibbs	Martin Price	Edward Berry / Katherine Bell
020 7896 0011	020 7573 0020	07703 330 199 / 079 7687 0961
[e-mail]	[e-mail]	[e-mail]

About IG

IG Group (LSEG:IGG) provides online trading platforms and educational resources to empower ambitious clients around the globe. Headquartered in the UK, IG Group is a FTSE 250 company that offers clients access to c.19,000 financial markets worldwide. 

 

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