10 Aug 2016 10:30
10 August 2016
IndigoVision Group plc
Purchase of Partnership Shares / Award of Matching Shares under the IndigoVision Group plc Share Incentive Plan 2010 (the "SIP")
IndigoVision Group plc (the "Company") announces that, on 8 August 2016, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of 1p each in the capital of the Company ("Shares") in the market at a price of £1.38 per share on behalf of participants in the "Partnership Share" element of the SIP using deductions made from their gross salary.
The Company also announces that, on 8 August 2016, awards of further Shares were made to the above participants under the "Matching Share" element of the SIP on the basis of one free Matching Share for every one Partnership Share purchased. The Shares used to satisfy these awards were previously purchased in the market by the Trustee.
Details of the PDMR who participated in the purchase / award are as follows:
Name | Role | No. of Partnership Shares purchased | No. of Matching Shares awarded | Total no. of Shares acquired |
Alex Swanson | Engineering Manager | 90 | 90 | 180 |
In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participants' behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award.
Following the above notifications, the interests of the PDMR in Shares are as follows:
Name | Role | Total interest in Shares following this notification | Approximate % of Company's issued share capital |
Alex Swanson | Engineering Manager | 14,889 | 0.20% |
For further information:
IndigoVision Group plc | |
Marcus Kneen (CEO) Chris Lea (CFO) | +44 (0)131 475 7200 |
N+1 Singer | |
Sandy Fraser | +44 (0)131 603 6873 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Alex Swanson | |
2 | Reason for the notification | ||
a) | Position/status | Engineering Manager | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | IndigoVision Group plc | |
b) | LEI | (Pending) | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 1 pence each
GB0032654534
| |
b) | Nature of the transaction | Purchase | |
c)
| Price(s) and volume(s)
| Price | Volume |
£1.38 | 180 | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
180
£1.38
| |
e) | Date of the transaction | 8 August 2016 | |
f) | Place of the transaction | London Stock Exchange | |