Indigovision Group (IND)

 

LSE:IND: Grant of Options

Indigovision Group

20 Oct 2017 14:51:20

IndigoVision Group

RNS Number : 2386U
IndigoVision Group PLC
20 October 2017
 

 

 

 

 

 

20 October 2017

 

 

IndigoVision Group plc

("IndigioVision", the "Company" or the "Group")

Grant of Options

IndigoVision Group plc announces that, on 19 October 2017, options over ordinary shares of 1p each ("Ordinary Shares") were granted to a PDMR of the Company (the "Options") under the terms of the Company's existing Long-Term Incentive Plan ("LTIP") for nil consideration. 

Vesting of the Options is conditional on a combination of total shareholder return ("TSR") and earnings per share ("EPS") performance (the "Vesting Conditions") measured over a period of three consecutive years, with the Option being exercisable from the third anniversary of the date of grant.

 The Option granted under the LTIP was as follows:

Name

Role

Number of Options being granted

Pedro Simoes

Senior Vice President Global Sales

100,000

 

Under the terms of the Vesting Conditions, Options vest upon the achievement of average annual compound growth rate ("CAGR") in TSR or EPS (with the Options being split equally between the two measures).  Of those Options subject to TSR performance, 25 per cent. vest upon the achievement of CAGR of 15 per cent. and vest on a straight-line basis thereafter, with all Options vesting upon the achievement of 25 per cent. CAGR in TSR.  Of those Options subject to EPS performance, 25 per cent. vest upon the achievement of CAGR of 40 per cent. and vest on a straight line basis, with all Options vesting upon the achievement of 75 per cent. CAGR in EPS.

For further information:

IndigoVision Group plc

Chris Lea (CFO)            +44(0)131 475 7200

 

N+1 Singer

Sandy Fraser                 +44(0) 20 7496 3176

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Pedro Simoes

2

Reason for the notification

a)

Position/status

Senior Vice President Global Sales

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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 1 pence each

Identification code

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

100,000

 

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

Not applicable

e)

Date of the transaction

19 October 2017

f)

Place of the transaction

Off-market transaction

 

 

 

 


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