IG Design Group PLC Long Term Incentive Plan Awards (8654I)
10 Agosto 2023 - 1:00AM
UK Regulatory
TIDMIGR
RNS Number : 8654I
IG Design Group PLC
10 August 2023
10 August 2023
IG Design Group Plc
('Design Group' or the 'Company')
Long Term Incentive Plan Awards
The Company announces that on 9 August 2023, it awarded a total
of 443,342 and 260,330 nil cost options ("Options") over ordinary
shares of 5 pence each in the capital of the Company ("Ordinary
Shares") to Paul Bal, Chief Executive Officer, and Rohan Cummings,
Chief Financial Officer, respectively, under the Company's 2022
Long Term Incentive Plan ("LTIP 2023 - 2026").
The awards are consistent with the terms summarised in the
Directors' Remuneration Report on page 74 of the FY2023 Annual
Report and Accounts and accordingly are subject to certain
performance conditions set by the Company's Remuneration Committee
being achieved during a three year period (two thirds based on
relative TSR vs FTSE SmallCap (ex IT) constituents; one-third based
on EPS growth). An 'underpin' condition also applies to the awards
that allows the Remuneration Committee to reduce vesting levels if
it determines that vesting outcomes reflect unwarranted 'windfall
gains' from share price movements. In addition, Mr Bal and Mr
Cummings have committed to a two-year holding period.
Details of the awards made to each Director and their resulting
interests in the Company are detailed in the table below.
Existing New Option
Option awards award
---------------- -------- --------------
Director Ordinary LTIP 2022-2025 LTIP 2023-2026
Shares (Not Vested) (Not Vested)
---------------- -------- --------------
Paul Bal 110,000 480,536 443,342
Rohan Cummings 43,261 - 260,330
For further information, please contact:
IG Design Group plc 01525 887310
Paul Bal, Chief Executive
Officer
Rohan Cummings, Chief Financial
Officer
Canaccord Genuity Limited 020 7523 8000
Bobbie Hilliam, NOMAD
Harry Pardoe
Alma PR 020 3405 0205
Rebecca Sanders-Hewett designgroup@almapr.co.uk
Josh Royston
Sam Modlin
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Paul Bal
--------------------------------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/Status: Chief Executive Officer
--------------------------------------------- ---------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a) Name: IG Design Group plc
--------------------------------------------- ---------------------------------------------
b) LEI: 213800J8I5XDZ3JU8496
--------------------------------------------- ---------------------------------------------
4. Details of 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 Options over Ordinary Shares of 5 pence
financial instrument: each
Identification code:
ISIN: GB0004526900
--------------------------------------------- ---------------------------------------------
b) Nature of the transaction: Award of conditional options, conditional
on future performance
--------------------------------------------- ---------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ---------------------- ---------------------
nil 443,342
------------------------------------------------------------------------- ---------------------
d) Aggregated volume:
Price: N/A - Single transaction
--------------------------------------------- ---------------------------------------------
e) Date of the Transaction: 9 August 2023
--------------------------------------------- ---------------------------------------------
f) Place of the Transaction: Outside trading venue
--------------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Rohan Cummings
--------------------------------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/Status: Chief Financial Officer
--------------------------------------------- ---------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a) Name: IG Design Group plc
--------------------------------------------- ---------------------------------------------
b) LEI: 213800J8I5XDZ3JU8496
--------------------------------------------- ---------------------------------------------
4. Details of 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 Options over Ordinary Shares of 5 pence
financial instrument: each
Identification code:
ISIN: GB0004526900
--------------------------------------------- ---------------------------------------------
b) Nature of the transaction: Award of nil cost options, conditional on
future performance
--------------------------------------------- ---------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ---------------------- ---------------------
nil 260,330
------------------------------------------------------------------------- ---------------------
d) Aggregated volume:
Price: N/A - Single transaction
--------------------------------------------- ---------------------------------------------
e) Date of the Transaction: 9 August 2023
--------------------------------------------- ---------------------------------------------
f) Place of the Transaction: Outside trading venue
--------------------------------------------- ---------------------------------------------
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END
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