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Last checked at 
14 Sep 2015 15:27
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14 September 2015
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The Innovation Group plc
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Nil Cost Option Share Award
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This notification is made by The Innovation Group plc ("Innovation" or "Company") in accordance with DTR 3.1.4(1)(a).
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On 14 September 2015, a share award in relation to ordinary shares of 2 pence each in The Innovation Group plc ("Award") was granted under the Innovation Group plc Performance Share Plan ("PSP") to one person discharging managerial responsibilities ("PDMR") as follows:
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Name of PDMR | No. of Award Shares | |
Jane Hall | 501,625 | |
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The Award shares will normally become exercisable as nil cost options from the third anniversary of grant, subject to the grantee's continued service, to the extent that total shareholder return ("TSR") and earnings per share ("EPS") performance criteria are met.
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The Award is subject to good leaver and change of control provisions, and no consideration is payable for the grant of the Award or in connection with the exercise of the Award. Award shares that do not vest will lapse.
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Once exercisable, the Award shall ordinarily remain exercisable until the tenth anniversary of the grant of the Award.
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The Company was informed of the above grant on 14 September 2015.
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Enquiries:
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James Liddiard, Company Secretary | Tel: +44 (0) 1489 898 300 |
About The Innovation Group plc:
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Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of Β£209.8m and adjusted PBT of Β£27.5m in 2014, it employs over 3,000 people across the UK, Europe, North America, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 75% of the top 20 global P&C insurance companies and 3 of the world's top 5 fleet and lease management companies.
www.innovation-group.comΒ
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