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Award of Options

18 Nov 2010 11:32

RNS Number : 4272W
IndigoVision Group PLC
18 November 2010
 



IndigoVision Group plc

 

2008 Long Term Incentive Plan

 

IndigoVision Group plc (the "Company") announces that on 18 November 2010 it made a grant of awards in the form of nil cost options over an aggregate of 45,000 ordinary shares of 1p each in the capital of the Company ("Shares") under the 2008 Long Term Incentive Plan (the "LTIP") to Executive Directors as detailed in the table below.

Name

Role

No. of Shares subject to awards

Total no. of Shares subject to awards and options now held

Oliver Vellacott

Chief Executive Officer

30,000

170,178

Marcus Kneen

Chief Financial Officer

15,000

69,069

 

The above awards will ordinarily vest on or around 18 November 2013 but only to the extent that certain performance criteria are satisfied by the Company over specified three year performance periods. On vesting, the awards will become immediately exercisable in respect of 50 per cent. of the Shares to which a participant has become entitled, with the balance normally becoming exercisable after a further period of one year. The market value of a Share on 18 November 2010 was 540p. No consideration is payable for the grant of awards under the LTIP.

 

Enquiries to:

 

IndigoVision Group plc

Marcus Kneen (CFO)

+44 (0) 131 475 7200

Brewin Dolphin Ltd

Sandy Fraser (Nominated Advisor)

+44 (0) 131 529 0272

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLLFVLLLLTLII
Date   Source Headline
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