Imperial Innovations Group plc Grant of share options (9973P)
November 23 2016 - 12:56PM
UK Regulatory
TIDMIVO
RNS Number : 9973P
Imperial Innovations Group plc
23 November 2016
23 November 2016
Imperial Innovations Group plc
Grant of share options
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
Imperial Innovations Group plc (AIM: IVO, "Innovations" or "the
Group") has today granted options over ordinary shares in the
capital of the Group ("Award Shares") to the following PDMRs under
its 2016 Long Term Incentive Plan ("LTIP").
Number of Award Shares
Russ Cummings 250,857
Nigel Pitchford 75,394
Tony Hickson 43,866
Anjum Ahmad 35,984
The options have an exercise price of 3 (1) /(33) (three and one
thirty-third) pence per Award Share and are exercisable in three
equal tranches during the six month periods commencing on 2
December 2019, 1 December 2020 and 1 December 2021 respectively,
subject to certain performance conditions having been
satisfied.
This grant of options is part of the Company's long-term
incentive arrangements designed to align the interests of the
shareholders and executives.
The LTIP was approved by shareholders of the Company at an
annual general meeting on 21 November 2016 and was adopted by the
Board on the same day. The LTIP provides for options to acquire
ordinary shares to be granted to eligible employees. The
arrangements are described more fully in the Directors'
Remuneration Report in the Group's 2016 Annual Report, a copy of
which is available on the Group's website
(www.imperialinnovations.co.uk).
For further information please contact:
Imperial Innovations Group plc 020 3053 8834
David Newlands, Chairman
William Rayner, Company Secretary
Instinctif Partners 020 7457 2020
Adrian Duffield/Melanie Toyne-Sewell/Chantal
Woolcock
J.P. Morgan Cazenove (Nominated Adviser) 020 7742 4000
Michael Wentworth-Stanley/Alec Pratt
Cenkos Securities 020 7397 8900
Elizabeth Bowman/Steve Cox
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name Russ Cummings
--- ------------------------------- ---------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position / status CHIEF EXECUTIVE OFFICER
--- ------------------------------- ---------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--- ------------------------------- ---------------------------------
3. Details of issuer
--- ------------------------------------------------------------------
a) Name Imperial Innovations Group
plc
--- ------------------------------- ---------------------------------
b) LEI N/A
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code GB00B170L953
--- ------------------------------- ---------------------------------
b) Nature of the transaction grant of long term incentive
plan awards
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 250,857
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
e) Date of the transaction 2016-11-23
--- ------------------------------- ---------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--- ------------------------------- ---------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name nigel pitchford
--- ------------------------------- ---------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position / status CHIEF INVESTMENT OFFICER
--- ------------------------------- ---------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--- ------------------------------- ---------------------------------
3. Details of issuer
--- ------------------------------------------------------------------
a) Name Imperial Innovations Group
plc
--- ------------------------------- ---------------------------------
b) LEI N/A
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code GB00B170L953
--- ------------------------------- ---------------------------------
b) Nature of the transaction grant of long term incentive
plan awards
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 75,394
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
e) Date of the transaction 2016-11-23
--- ------------------------------- ---------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--- ------------------------------- ---------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name TONY HICKSON
--- ------------------------------- ---------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position / status MANAGING DIRECTOR - TECHNOLOGY
TRANSFER
--- ------------------------------- ---------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--- ------------------------------- ---------------------------------
3. Details of issuer
--- ------------------------------------------------------------------
a) Name Imperial Innovations Group
plc
--- ------------------------------- ---------------------------------
b) LEI N/A
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code GB00B170L953
--- ------------------------------- ---------------------------------
b) Nature of the transaction grant of long term incentive
plan awards
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 43,866
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
e) Date of the transaction 2016-11-23
--- ------------------------------- ---------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--- ------------------------------- ---------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name ANJUM AHMAD
--- ------------------------------- ---------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position / status TREASURY AND FINANCE DIRECTOR
--- ------------------------------- ---------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--- ------------------------------- ---------------------------------
3. Details of issuer
--- ------------------------------------------------------------------
a) Name Imperial Innovations Group
plc
--- ------------------------------- ---------------------------------
b) LEI N/A
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code GB00B170L953
--- ------------------------------- ---------------------------------
b) Nature of the transaction grant of long term incentive
plan awards
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 35,984
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
e) Date of the transaction 2016-11-23
--- ------------------------------- ---------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--- ------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 23, 2016 12:56 ET (17:56 GMT)
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