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2008 Long Term Incentive Plan

31 Jan 2012 14:53

RNS Number : 5071W
IndigoVision Group PLC
31 January 2012
 



IndigoVision Group plc

 

2008 Long Term Incentive Plan

 

IndigoVision Group plc (the "Company") announces that on 31 January 2012 it made an award in the form of nil cost options over an aggregate of 50,000 ordinary shares of 1p each in the capital of the Company ("Shares") under the 2008 Long Term Incentive Plan (the "LTIP") to Marcus Kneen, following his appointment to Chief Executive Officer. This brings the total number of shares subject to awards and options now held by Mr Kneen to 156,250.

The award will ordinarily vest on or around 31 January 2015 but only to the extent that certain performance criteria are satisfied over a specified three year performance period. 50% of the award is subject to the IndigoVision group achieving a 3 year compound annual growth in diluted earnings per share of 15-30% using a base point of 22.5 pence (being the average diluted earnings per share for the 3 years ending 31 July 2009 to 31 July 2011). The remaining 50% of the award is subject to the Company achieving a 3 year compound annual growth in total shareholder return of 20-40% from 30 January 2012. The percentage of shares that will vest will be pro-rated over the target ranges.

 

On vesting, the awards will become immediately exercisable in respect of 50% of the Shares (if any) to which Mr Kneen has become entitled, with the balance normally becoming exercisable after a further period of one year. The closing market value of a Share on 30 January 2012 was 330.0p. 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)

 

 

 

Brewin Dolphin

+44 (0)131 529 0272

Sandy Fraser (NOMAD)

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKMGFMDMMGZZM
Date   Source Headline
21st Feb 20072:59 pmRNSHolding(s) in Company
31st Jan 20079:51 amRNSTotal Voting Rights
16th Jan 20075:13 pmRNSDirector/PDMR Shareholding
21st Dec 200612:24 pmRNSTotal Voting Rights
15th Dec 200610:42 amRNSExercise of Options
24th Nov 20062:20 pmRNSExercise of Share Options
2nd Nov 200610:30 amRNSAGM Statement
27th Oct 20064:56 pmRNSExercise of Options
26th Oct 20063:58 pmRNSDirector/PDMR Shareholding
18th Sep 200610:25 amRNSExercise of Options
14th Sep 20067:00 amRNSFinal Results
8th Sep 20064:44 pmRNSExercise of Options
8th Aug 20064:28 pmRNSHolding(s) in Company
20th Jun 200611:05 amRNSHolding(s) in Company
16th Jun 200612:45 pmRNSHolding(s) in Company
15th Jun 20062:13 pmRNSHolding(s) in Company
19th May 200611:48 amRNSHolding(s) in Company
27th Apr 200612:59 pmRNSHolding(s) in Company
7th Mar 20067:02 amRNSInterim Results
13th Jan 200612:37 pmRNSHolding(s) in Company
21st Dec 20052:14 pmRNSDirector/PDMR Shareholding
22nd Nov 200510:36 amRNSAGM Trading Update
8th Nov 20052:29 pmRNSDirector/PDMR Shareholding
14th Oct 200512:38 pmRNSDirector/PDMR Shareholding
14th Oct 20057:00 amRNSFinal Results
5th Oct 20052:51 pmRNSHolding(s) in Company
29th Sep 20052:45 pmRNSHolding(s) in Company
15th Sep 20054:53 pmRNSHolding(s) in Company
16th Aug 20055:51 pmRNSShareholder Notification
16th Aug 200511:20 amRNSShareholder Notification
3rd Aug 200511:16 amRNSHolding(s) in Company
29th Jul 200512:00 pmRNSHolding(s) in Company
22nd Jun 20053:59 pmRNSDirector Shareholding
20th Apr 20052:59 pmRNSHolding(s) in Company
31st Mar 20052:00 pmRNSDirector Shareholding
22nd Mar 20057:00 amRNSInterim Results
7th Feb 20059:48 amRNSHolding(s) in Company
25th Jan 20052:41 pmRNSHolding(s) in Company
20th Jan 200510:06 amRNSAGM Trading Update

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