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28 May 2013 16:00
28 May 2013
The Innovation Group plc
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
This notification is being made in accordance with DTR 3.1.4.
On 28 May 2013, Awards in relation to ordinary shares of 2 pence each in The Innovation Group plc (the "Company") were made under the Innovation Group plc Performance Share Plan to certain Directors and one other person discharging managerial responsibilities ("PDMR") as follows:
Name of Director/PDMR | No. of Award Shares
| Structure of Award |
Andrew Roberts | 1,488,657 | Nil Cost Option Award |
Jane Hall | 904,501 | Nil Cost Option Award |
James Liddiard | 150,000 | Nil Cost Option Award |
The Awards will normally become exercisable as nil cost options from the third anniversary of grant, subject to continued employment and to the extent total shareholder return and earnings per share targets are achieved over a three year performance period.
Once vested, the Awards shall ordinarily remain exercisable until the tenth anniversary of the grant of the Awards.
No consideration was paid for the grant of the Awards and no consideration is due on the maturity of the Awards.
The Company was informed of the above transactions on 28 May 2013.
Enquiries:
James Liddiard, Company Secretary | Tel: +44 (0) 1489 898 330 |
About The Innovation Group plc:
Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of £193m (US$ 302m) in 2012, it employs over 2,400 people across North America, Europe, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 16 of the top 20 global insurance companies and 3 of the world's top 5 fleet and lease management companies.
www.innovation-group.com
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