discoverIE Group plc Director/PDMR Shareholding (4557J)
30 March 2018 - 12:15AM
UK Regulatory
TIDMDSCV
RNS Number : 4557J
discoverIE Group plc
29 March 2018
29 March 2018
discoverIE Group plc
Director LTIP Award
discoverIE Group plc (LSE : DSCV, "discoverIE" or the
"Company"), a leading international designer, manufacturer and
supplier of customised electronics to industry, announces that on
29 March 2018, the Company granted long term incentive awards under
the discoverIE Group plc 2008 Renewed Long-Term Incentive Plan
("LTIP").
LTIP Awards(1)
Name Number of
Shares Subject
to LTIP Award
--------------- ----------------
Nicholas
Jefferies 163,358
--------------- ----------------
Simon Gibbins 97,189
--------------- ----------------
(1) The LTIP awards are granted in the form of nil-cost options
over ordinary shares of 5 pence each in the Company ("Ordinary
Shares"). The awards will vest on the third anniversary of the date
of grant, subject to the achievement of performance targets
measured over a three year period. Vested options will be subject
to an additional two year holding period prior to being eligible
for exercise.
For further information, please contact:
discoverIE Group plc 01483 544 500
Nick Jefferies - Group
Chief Executive
Simon Gibbins - Group
Finance Director
Instinctif Partners 0207 457 2020
Mark Garraway
Helen Tarbet
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 Options over Ordinary
instrument, type of Shares in discoverIE
instrument Group plc
Identification code GB0000055888
--- ----------------------------- ------------------------
b) Nature of the transaction Award made pursuant
to the Company's Long
Term Incentive Plan
--- ----------------------------- ------------------------
c) Price(s) and volume(s) Price Volume
------- --------
Nil 163,358
------- --------
--- ----------------------------- ------------------------
d) Aggregated information N/A
--- ----------------------------- ------------------------
e) Date of the transaction 29 March 2018
--- ----------------------------- ------------------------
f) Place of the transaction Outside a trading venue
--- ----------------------------- ------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name Simon Gibbins
--- ----------------------------- ------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position / status Group Finance Director
--- ----------------------------- ------------------------
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 Options over Ordinary
instrument, type of Shares in discoverIE
instrument Group plc
Identification code GB0000055888
--- ----------------------------- ------------------------
b) Nature of the transaction Award made pursuant
to the Company's Long
Term Incentive Plan
--- ----------------------------- ------------------------
c) Price(s) and volume(s) Price Volume
------- -------
Nil 97,189
------- -------
--- ----------------------------- ------------------------
d) Aggregated information N/A
--- ----------------------------- ------------------------
e) Date of the transaction 29 March 2018
--- ----------------------------- ------------------------
f) Place of the transaction Outside a trading venue
--- ----------------------------- ------------------------
Notes to Editors:
About discoverIE Group plc
discoverIE Group (previously Acal plc) is an international group
of businesses that designs, manufactures and supplies innovative
components for electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. With in-house
engineering capability, we are able to design components to meet
customer requirements, which are then manufactured and supplied,
usually on a repeating basis, for their ongoing production needs.
This generates a high level of recurring revenue and long term
customer relationships.
By focussing on key markets which are driven by structural
growth and increasing electronic content, namely renewable energy,
transportation, medical and industrial connectivity, the Group aims
to achieve organic growth that is well ahead of GDP and to
supplement that with targeted complementary acquisitions.
The Group employs c.3,800 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE Small Cap Index, classified
within the Electrical Components and Equipment subsector, and has
revenue of GBP0.4bn. Over the last five years, revenue and
underlying earnings per share have doubled.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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