2008 Long Term Incentive Plan (1771C)
April 26 2012 - 11:03AM
UK Regulatory
TIDMIND
RNS Number : 1771C
IndigoVision Group PLC
26 April 2012
IndigoVision Group plc
2008 Long Term Incentive Plan
IndigoVision Group plc (the "Company") announces that on 20
April 2012 it made an award in the form of nil cost options over an
aggregate of 12,000 ordinary shares of 1p each in the capital of
the Company ("Shares") under the 2008 Long Term Incentive Plan (the
"LTIP") to Holly McComb, Chief Financial Officer. This brings the
total number of shares subject to awards and options now held by
Mrs McComb to 30,708.
The award will ordinarily vest on or around 20 April 2015 but
only to the extent that certain performance criteria are satisfied
over a specified three year performance period.
On vesting, the awards will become immediately exercisable in
respect of 50% of the Shares (if any) to which Mrs McComb has
become entitled, with the balance normally becoming exercisable
after a further period of one year. The closing market value of a
Share on 20 April 2012 was 352.50p. No consideration is payable for
the grant of awards under the LTIP.
Enquiries to:
IndigoVision Group plc +44 (0)131 475 7200
Hamish Grossart (Chairman)
Marcus Kneen (CEO)
N+1 Brewin +44 (0)131 529 0272
Sandy Fraser (NOMAD)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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