discoverIE Group plc Director/PDMR Shareholding (4718E)
09 February 2018 - 11:11PM
UK Regulatory
TIDMDSCV
RNS Number : 4718E
discoverIE Group plc
09 February 2018
09 February 2018
discoverIE Group plc
EXERCISE OF SHARE OPTIONS
discoverIE Group plc (LSE:DSCV, the "Company") announces that
application has been made to the UK Listing Authority and the
London Stock Exchange for a listing and admission of 426,431
ordinary shares of 5 pence each in the Company ("Shares"). These
new Shares are being issued and allotted pursuant to the Company's
2008 Long Term Incentive Plan and will rank equally with the
existing issued ordinary shares.
The Company has been notified that Mr N.J. Jefferies, Group
Chief Executive, has exercised in full his options over Shares
which vested in connection with awards granted on 31 March 2009
under the Company's 2008 Long Term Incentive Plan. These nil cost
options relate to the three year performance period ended 31 March
2012. Further details relating to the performance conditions of
this award are set out in the Annual Report and Accounts 2012 which
was mailed to shareholders on 20 June 2012.
The number of Shares has been reduced as part of arrangements
under which the Company will settle the PAYE liability which arises
as a result of the exercise of the options. The table below shows
the total number of Shares vested, the PAYE adjustment on the
vested Shares and the net number of Shares acquired by Nicholas
Jefferies.
Number of Shares
---------------- ---------------------------------------------- -------------
Total Shares PAYE Adjustment Total Shares Market Price
Exercised Acquired
---------------- ------------- ---------------- ------------- -------------
N.J. Jefferies 804,587 (378,156) 426,431 367p
---------------- ------------- ---------------- ------------- -------------
Following Admission, Nicholas Jefferies will hold a total of
504,772 Shares.
Following Admission, which is expected to take place on 14
February 2018, the total number of Shares in issue and voting
rights in the Company will be 71,364,938 Shares. There are no
Shares held in treasury.
The above figure (71,364,938) may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
For further information please contact:
discoverIE Group plc
Joanna Harkus Madge: Group Company Secretary 01483 544500
Notes to Editors:
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ---------------------------------------------------------------
a) Name Nicholas Jefferies
--- ----------------------------- --------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position / status Group Chief Executive
--- ----------------------------- --------------------------------
b) Initial notification Initial notification
/ amendment
--- ----------------------------- --------------------------------
3 Details of issuer
--- ---------------------------------------------------------------
a) Name discoverIE Group plc
--- ----------------------------- --------------------------------
b) LEI 213800BMDLQU1VEEAN68
--- ----------------------------- --------------------------------
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 Ordinary shares in discoverIE
instrument, type of Group plc
instrument
Identification code GB0000055888
--- ----------------------------- --------------------------------
b) Nature of the transaction Exercise of nil cost
options made pursuant
to the Company's 2008
Long Term Incentive
Plan
--- ----------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
------------- --------
0 pence per
share 426,431
------------- --------
--- ----------------------------- --------------------------------
d) Aggregated information Price Volume Total
----------- -------- ------
0 pence 426,431 GBP0
per share
----------- -------- ------
--- ----------------------------- --------------------------------
e) Date of the transaction 7 February 2018
--- ----------------------------- --------------------------------
f) Place of the transaction London Stock Exchange,
Main Market (XLON)
--- ----------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 09, 2018 07:11 ET (12:11 GMT)
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