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31 Aug 2010 09:37
SCHEDULE 11
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
Notes: This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990.
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
All relevant boxes should be completed in block capital letters
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1 |
Name of the Issuer IFG GROUP PLC |
2 |
State whether the notification relates to: (i) a transaction notified in accordance with Market Abuse Rules; (ii) a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or (iii) both (i) and (ii). (iii) both (i) and (ii) |
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3 |
Name of person discharging managerial responsibilities/director AIDAN COMERFORD, A DIRECTOR |
4 |
State whether notification realties to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A |
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5 |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest HOLDING OF DIRECTOR |
6 |
Description of shares (including class) debentures or derivatives or financial instruments relating to shares €0.12 ORDINARY SHARES OF IFG GROUP PLC |
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7 |
Name or registered shareholder(s) and, if more than one, number of shares held by each of them DIRECTOR IS HOLDER OF 10,000 ORDINARY SHARES
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8 |
State the nature of the transaction DISCLOSURE ARISING FROM CO-OPTION AS A DIRECTOR ON 31 AUGUST 2010 |
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9 |
Number of shares, debentures or financial instruments relating to shares acquired N/A |
10 |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A |
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11 |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12 |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A |
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13 |
Price per share or value of transaction N/A |
14 |
Date and place of transaction N/A |
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15 |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 10,000 ORDINARY SHARES AND 0.01% |
16 |
Date issuer informed of transaction 31 AUGUST 2010 |
If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:
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17 |
Date of grant 5 MAY 2009 |
18 |
Period during which or date on which it can be exercised 5 MAY 2012 - 4 MAY 2019 |
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19 |
Total amount paid (if any) for grant of the option €1 |
20 |
Description of shares or debentures involved (class and number) 30,000 ORDINARY SHARES |
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21 |
Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise €0.65 PER ORDINARY SHARE |
22 |
Total number of shares or debentures over which options are held following notification 30,000 ORDINARY SHARES |
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23 |
Any additional information ARISING FROM THE ACQUISITION OF IFG PENSCO LIMITED ON 14 OCTOBER 2008 THE DIRECTOR IS A DEFERRED SHARE VENDOR AND MAY QUALIFY FOR PAYMENT OF ADDITIONAL CONSIDERATION, SUBJECT TO CERTAIN REVENUES AND PROFIT THRESHOLDS BEING ACHIEVED BY IFG PENSCO LIMITED IN THE PERIOD TO 31 DECEMBER 2012. NO PAYMENT WILL BE MADE IN ANY PERIOD PRIOR TO 2012. THE MAXIMUM DEFERRED CONSIDERATION PAYABLE IS €3 MILLION, OF WHICH THE DIRECTOR MAY RECEIVE UP TO 25% OF SUCH CONSIDERATION, IF ANY. |
24 |
Name of contact and telephone number for queries DONAL LYNCH 01 2752809 |
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Name and signature of authorised officer of issuer responsible for making notification Donal Lynch Date of notification 31 AUGUST 2010 |
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