IG Design Group PLC Director/PDMR Shareholding (4822R)
September 21 2017 - 10:50AM
UK Regulatory
TIDMIGR
RNS Number : 4822R
IG Design Group PLC
21 September 2017
21 September 2017
IG Design Group Plc
('DG' or the 'Company')
Long Term Incentive Awards
As part of a wider award to senior management, the Company today
announces it intends to issue up to 60,855 shares to Lance Burn
(Director) under the Long Term Incentive Plan announced on 31 March
2014.
The issue of the shares set out above is conditional upon and
proportionate to the achievement of growth in fully diluted
earnings per share measured before the long term incentive plan
charge and excluding exceptional items.
This performance condition is measured over the period 1 April
2017 to 31 March 2020 and cumulative average growth must reach at
least 10% at which point 25% of the awards vest. Full vesting is
achieved if cumulative average growth reaches 17.5% or above.
The cost to the Executive of the Ordinary Shares to be issued
under the LTIP, if the performance criteria are met, will be
nil.
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 LTIP 2014-2017 LTIP 2015-2018 LTIP 2016-2019 LTIP 2017-2020
Shares (Not Yet
held Vested)
(Vested) (Not Yet (Not Yet
Vested) Vested)
------- ---------- --------------- --------------- --------------- ---------------
Lance
Burn - 268,678 192,191 110,259 60,855
------- ---------- --------------- --------------- --------------- ---------------
The total number of shares subject to award under the 2017-20
shares is 328,443 including those above.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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