TIDMDSCV

RNS Number : 1148H

discoverIE Group plc

30 July 2021

30 July 2021

discoverIE Group plc

Director LTIP Award

discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Company"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that, on 29 July 2021, options were granted for nil consideration over the following numbers of ordinary shares under the 2021 discoverIE Group plc Long Term Incentive Plan ("LTIP"):

 
 Director/PDMR     Shares Comprised in Awards 
 Nick Jefferies    74,482 
                  --------------------------- 
 Simon Gibbins     44,521 
                  --------------------------- 
 

The awards will vest on 29 July 2024, subject to the achievement of performance targets measured over a three-year period. Vested options will be subject to an additional two-year holding period.

For further information, please contact:

discoverIE Group plc

   Greg Davidson - Company Secretary     01483 544 500 

Buchanan

   Chris Lane, Toto Berger                         020 7466 5000 

discoverIE@buchanan.uk.com

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
 a)   Name                              Nick Jefferies 
     --------------------------------  ---------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------- 
 a)   Position / status                 Group Chief Executive 
     --------------------------------  ---------------------------- 
 b)   Initial notification /            Initial notification 
       amendment 
     --------------------------------  ---------------------------- 
 3    Details of issuer 
     -------------------------------------------------------------- 
 a)   Name                              discoverIE Group plc 
     --------------------------------  ---------------------------- 
 b)   LEI                               213800BMDLQU1VEEAN68 
     --------------------------------  ---------------------------- 
 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      Options over Ordinary 
       instrument, type of instrument    Shares in discoverIE Group 
                                         plc 
       Identification code 
                                         GB0000055888 
     --------------------------------  ---------------------------- 
 b)   Nature of the transaction         Award made pursuant to 
                                         the Company's 
                                         Long--Term Incentive Plan 
     --------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)              Price    Volume 
                                           Nil      74,482 
                                                   ------- 
     --------------------------------  ---------------------------- 
 d)   Aggregated information            N/A 
     --------------------------------  ---------------------------- 
 e)   Date of the transaction           29 July 2021 
     --------------------------------  ---------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
 a)   Name                              Simon Gibbins 
     --------------------------------  ---------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------- 
 a)   Position / status                 Group Finance Director 
     --------------------------------  ---------------------------- 
 b)   Initial notification /            Initial notification 
       amendment 
     --------------------------------  ---------------------------- 
 3    Details of issuer 
     -------------------------------------------------------------- 
 a)   Name                              discoverIE Group plc 
     --------------------------------  ---------------------------- 
 b)   LEI                               213800BMDLQU1VEEAN68 
     --------------------------------  ---------------------------- 
 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      Options over Ordinary 
       instrument, type of instrument    Shares in discoverIE Group 
                                         plc 
       Identification code 
                                         GB0000055888 
     --------------------------------  ---------------------------- 
 b)   Nature of the transaction         Award made pursuant to 
                                         the Company's 
                                         Long--Term Incentive Plan 
     --------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)              Price    Volume 
                                           Nil      44,521 
                                                   ------- 
     --------------------------------  ---------------------------- 
 d)   Aggregated information            N/A 
     --------------------------------  ---------------------------- 
 e)   Date of the transaction           29 July 2021 
     --------------------------------  ---------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ---------------------------- 
 

Notes to Editors :

discoverIE Group plc is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.

With a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation and industrial & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment, while its key markets are aligned with a sustainable future.

The Group employs c.4,600 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is in the top quartile of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenues of over GBP450m.

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END

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(END) Dow Jones Newswires

July 30, 2021 09:06 ET (13:06 GMT)

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