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IG Design Group PLC (IGR)

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Monday 25 September, 2017

IG Design Group PLC

Director Shareholding and Issue of Equity

RNS Number : 7647R
IG Design Group PLC
25 September 2017
 

25 September 2017

 

IG Design Group Plc

('DG' or the 'Company')
Director Shareholding and Issue of Equity

IG Design Group plc announces that, on 22 September 2017, Mr Lance Burn, Executive Director, exercised 135,000 Ordinary Shares of 5p each in the Company ("Ordinary Shares") pursuant to the Company's Long Term Incentive Plan ("LTIP"), as announced on 31 March 2014. In line with the terms of the LTIP, the exercise price was nil.

Further to the above, the Company has also been informed that Mr Burn today sold 67,500 Ordinary Shares at a price of 345 pence per Ordinary Share. As a result, Lance Burn will have the following interests in the Company's Ordinary Shares, including adjustments in respect of accumulated dividends over the period:


Ordinary Shares held

LTIP  2014-2017

(Vested)

LTIP 2015-2018 (Not Yet Vested)

LTIP 2016-2019

(Not Yet Vested)

LTIP 2017-2020

(Not Yet Vested)

Lance Burn

67,500

133,678

192,191

110,259

60,855


Following the issue of Ordinary Shares, the issued ordinary share capital and voting rights in the Company are
63,259,169. This figure 63,259,169 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 

IG Design Group Plc                                                                                                             Tel:  01525 887310

Paul Fineman, Chief Executive

Anthony Lawrinson, Chief Financial Officer

 

Cenkos Securities                                                                                                                Tel:  020 7397 8900

Bobbie Hilliam

Cameron MacRitchie

Harry Hargreaves

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Lance Burn

2

Reason for the 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

IG Design Group plc

b)

LEI

213800J8I5XDZ3JU8496

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 5 pence each

b)

Identification code

ISIN: GB0004526900

c)

Nature of the transaction

Exercise of Share Awards under the IG Design Group plc Long Term Incentive Plan

d)

Price(s) and volume(s)

Price(s)    

Volume(s)

£Nil Cost

135,000 (LTIP Options)

e)

Date of transaction

22 September 2017

f)

Place of transaction

London Stock Exchange (XLON); AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Lance Burn

2

Reason for the 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

IG Design Group plc

b)

LEI

213800J8I5XDZ3JU8496

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 5 pence each

b)

Identification code

ISIN: GB0004526900

c)

Nature of the transaction

Sale of Ordinary Shares in IG Design Group plc

d)

Price(s) and volume(s)

Price(s)    

Volume(s)

£3.45

67,500

e)

Date of transaction

25 September 2017

f)

Place of transaction

London Stock Exchange (XLON); AIM

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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