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Award of Share Options

27 Apr 2010 16:18

RNS Number : 8969K
IndigoVision Group PLC
27 April 2010
 



 

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

 

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
 
 
MSCIRMATMBBTBAM
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