Last checked at 1 May 2019 16:21
1 May 2019
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 30 April 2019, the Company granted long term incentive awards under the discoverIE Group plc 2018 Renewed Long-Term Incentive Plan ("LTIP").
LTIP Awards(1)
Name | Number of Shares Subject to LTIP Award |
Nicholas Jefferies | 166,236 |
Simon Gibbins | 107,385 |
(1) The LTIP awards are granted in the form of nil-cost options over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The awards will vest on the third anniversary of the date of grant, 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 prior to being eligible for exercise.
For further information, please contact:
discoverIE Group plc 01483 544 500
Nick Jefferies - Group Chief Executive
Simon Gibbins - Group Finance Director
Instinctif Partners 0207 457 2020
Mark Garraway
James Gray
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Nicholas Jefferies | ||||||
2 | Reason for the notification | |||||||
a) | Position / status | Group Chief Executive | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
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 instrument, type of instrument
Identification code | Options over Ordinary Shares in discoverIE Group plc
GB0000055888 | ||||||
b) | Nature of the transaction | Award made pursuant to the Company's Long-Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information |
| ||||||
e) | Date of the transaction | 30 April 2019 | ||||||
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 / amendment | Initial notification | ||||||
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 instrument, type of instrument
Identification code | Options over Ordinary Shares in discoverIE Group plc
GB0000055888 | ||||||
b) | Nature of the transaction | Award made pursuant to the Company's Long-Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information |
| ||||||
e) | Date of the transaction | 30 April 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Notes to Editors:
About discoverIE Group plc
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. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long-term customer relationships.
By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical 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 employs c.4,300 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 a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of £0.4bn. Over the last five years, revenue and underlying earnings per share has more than doubled.