Intermediate Capital Icg : Notification Of Transactions Of Directors
02 Julio 2020 - 3:58AM
UK Regulatory
TIDMICP
ICG: Notification of Transactions of Directors
Intermediate Capital Group PLC (the "Company")
2 July 2020
Vesting of Share Awards/Notification of Transactions of Directors
The Company wishes to announce that on 1 July 2020 the following number
of ordinary shares of the Company vested under the terms of PLC Equity
Awards made to Vijay Bharadia under the Intermediate Capital Group
Omnibus Plan:
Dates of Grant: 1 August 2019
Aggregate Number of Shares Vested: 5,725
The Director met certain liabilities for income tax and national
insurance contributions on the vesting of his Awards by agreeing to sell
the number of shares shown below in London on 1 July 2020 at a price of
GBP12.80 per share.
Number of Shares Sold to Cover Tax: 2,692
Total Number of Shares Received: 3,033
In accordance with the terms of the award, 758 of the shares received
are treated as retained shares and will only be released to Mr Bharadia
on earlier of (i) the tenth anniversary of the relevant vesting date and
(ii) the date on which the restrictive covenants in his employment
contract expire.
As a consequence of the above transaction Vijay Bharadia and his
connected persons had an interest in 15,846 ordinary shares in the
Company, representing less than 0.01% of the total issued share capital
(excluding treasury shares) of Intermediate Capital Group PLC.
Investor Enquiries:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Andrew Lewis
Company Secretary, ICG plc
+44 (0) 20 3201 7754
Media Enquiries:
Alicia Wyllie
Corporate Communications, ICG plc
+44 (0) 20 3201 7994
(END) Dow Jones Newswires
July 02, 2020 04:58 ET (08:58 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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