26 Apr 2012 16:03
IndigoVision Group plc
2008 Long Term Incentive Plan
IndigoVision Group plc (the "Company") announces that on 20 April 2012 it made an award in the form of nil cost options over an aggregate of 12,000 ordinary shares of 1p each in the capital of the Company ("Shares") under the 2008 Long Term Incentive Plan (the "LTIP") to Holly McComb, Chief Financial Officer. This brings the total number of shares subject to awards and options now held by Mrs McComb to 30,708.
The award will ordinarily vest on or around 20 April 2015 but only to the extent that certain performance criteria are satisfied over a specified three year performance period.
On vesting, the awards will become immediately exercisable in respect of 50% of the Shares (if any) to which Mrs McComb has become entitled, with the balance normally becoming exercisable after a further period of one year. The closing market value of a Share on 20 April 2012 was 352.50p. No consideration is payable for the grant of awards under the LTIP.
Enquiries to:
IndigoVision Group plc | +44 (0)131 475 7200 |
Hamish Grossart (Chairman) | |
Marcus Kneen (CEO) | |
N+1 Brewin | +44 (0)131 529 0272 |
Sandy Fraser (NOMAD) |