20 Oct 2017 14:51
20 October 2017
IndigoVision Group plc
("IndigioVision", the "Company" or the "Group")
Grant of Options
IndigoVision Group plc announces that, on 19 October 2017, options over ordinary shares of 1p each ("Ordinary Shares") were granted to a PDMR of the Company (the "Options") under the terms of the Company's existing Long-Term Incentive Plan ("LTIP") for nil consideration.
Vesting of the Options is conditional on a combination of total shareholder return ("TSR") and earnings per share ("EPS") performance (the "Vesting Conditions") measured over a period of three consecutive years, with the Option being exercisable from the third anniversary of the date of grant.
The Option granted under the LTIP was as follows:
Name | Role | Number of Options being granted |
Pedro Simoes | Senior Vice President Global Sales | 100,000 |
Under the terms of the Vesting Conditions, Options vest upon the achievement of average annual compound growth rate ("CAGR") in TSR or EPS (with the Options being split equally between the two measures). Of those Options subject to TSR performance, 25 per cent. vest upon the achievement of CAGR of 15 per cent. and vest on a straight-line basis thereafter, with all Options vesting upon the achievement of 25 per cent. CAGR in TSR. Of those Options subject to EPS performance, 25 per cent. vest upon the achievement of CAGR of 40 per cent. and vest on a straight line basis, with all Options vesting upon the achievement of 75 per cent. CAGR in EPS.
For further information:
IndigoVision Group plc
Chris Lea (CFO) +44(0)131 475 7200
N+1 Singer
Sandy Fraser +44(0) 20 7496 3176
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Pedro Simoes | ||||
2 | Reason for the notification | |||||
a) | Position/status | Senior Vice President Global Sales | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | IndigoVision Group plc | ||||
b) | LEI | 213800UTDZWYBP2YR191 | ||||
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 | Ordinary shares of 1 pence each | ||||
Identification code | GB0032654534 | |||||
b) | Nature of the transaction | Grant of options over ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable | ||||
e) | Date of the transaction | 19 October 2017 | ||||
f) | Place of the transaction | Off-market transaction | ||||