discoverIE Group plc Exercise of share options (4671Q)
06 June 2018 - 6:00PM
UK Regulatory
TIDMDSCV
RNS Number : 4671Q
discoverIE Group plc
06 June 2018
06 June 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 1,898,921
ordinary shares of 5 pence each in the Company ("Shares"). These
new Shares are being issued and allotted pursuant to the exercise
of options under the Company's 2008 Long Term Incentive Plan and
will rank equally with the existing issued ordinary shares.
In respect of the Company's 2008 Long Term Incentive Plan
options being exercised, the Company has been notified that Mr Nick
Jefferies, Group Chief Executive, and Mr Simon Gibbins, Group
Finance Director, have exercised in full their options over Shares
which vested in connection with awards granted on 31 March 2010, 20
July 2010, 28 March 2012 and 28 March 2013. These nil cost options
relate to the three year performance periods ended 31 March 2013,
20 July 2013, 28 March 2015 and 28 March 2016. Further details
relating to the performance conditions of the awards are set out in
the Annual Report and Accounts 2013, 2015 and 2016 which were
mailed to shareholders on 20 June 2013, 26 June 2015 and 17 June
2016.
The table below shows the number of options exercised and shares
to be issued to Nick Jefferies and Simon Gibbins. In addition, a
total of 637,140 options have been exercised by other employees of
the Company pursuant to vested awards at the same dates.
Number of nil-cost options exercised
---------------- ---------------------------------------------------
Vesting 31 March 20 July 28 March 28 March Total
Date 2010 2010 2012 2013
---------------- --------- -------- --------- --------- --------
Nick Jefferies 340,105 - 264,593 233,696 838,394
---------------- --------- -------- --------- --------- --------
Simon Gibbins - 192,431 122,638 108,318 423,387
---------------- --------- -------- --------- --------- --------
Following Admission, Nick Jefferies will hold a total of
1,343,166 Shares and Simon Gibbins will hold a total of 456,662
Shares.
Following Admission, which is expected to take place on 11 June
2018, the total number of Shares in issue and voting rights in the
Company will be 73,316,777 Shares. There are no Shares held in
treasury.
The above figure (73,316,777) 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 Nick 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 GB0000055888
Identification code
--- ----------------------------- --------------------------------
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 838,394
------------- --------
--- ----------------------------- --------------------------------
d) Aggregated information Price Volume Total
----------- -------- ------
0 pence 838,394 GBP0
per share
----------- -------- ------
--- ----------------------------- --------------------------------
e) Date of the transaction 5 June 2018
--- ----------------------------- --------------------------------
f) Place of the transaction London Stock Exchange,
Main Market (XLON)
--- ----------------------------- --------------------------------
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 Ordinary shares in discoverIE
instrument, type of Group plc
instrument GB0000055888
Identification code
--- ----------------------------- --------------------------------
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 423,387
------------- --------
--- ----------------------------- --------------------------------
d) Aggregated information Price Volume Total
----------- -------- ------
0 pence 423,387 GBP0
per share
----------- -------- ------
--- ----------------------------- --------------------------------
e) Date of the transaction 5 June 2018
--- ----------------------------- --------------------------------
f) Place of the transaction London Stock Exchange,
Main Market (XLON)
--- ----------------------------- --------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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