27 Apr 2010 16:18
IndigoVision Group plc
2008 Long Term Incentive Plan
IndigoVision Group plc (the "Company") announces that on 27 April 2010 it made a grant of awards in the form of nil cost options over an aggregate of 48,316 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 | 22,178 | 140,178 |
| Barry Keepence | Chief Technology Officer | 13,069 | 190,569 |
| Marcus Kneen | Chief Financial Officer | 13,069 | 54,069 |
The above awards will ordinarily vest on or around 27 April 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 27 April 2010 was 505p. No consideration is payable for the grant of awards under the LTIP. It is currently intended that the Company's Employee Benefit Trust ("EBT") will acquire Shares to fulfil any obligation arising from the vesting of the above awards.
Enquiries to:
| IndigoVision Group plc |
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| Marcus Kneen (CFO) | +44 (0) 131 475 7200 |
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| Brewin Dolphin Ltd |
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| Sandy Fraser (Nominated Advisor) | +44 (0) 131 529 0272 |