IG Group Holdings plc Director/PDMR Shareholding (5487V)
08 August 2020 - 12:30AM
UK Regulatory
TIDMIGG
RNS Number : 5487V
IG Group Holdings plc
07 August 2020
IG Group Holdings PLC
07 August 2020
LEI: 2138003A5Q1M7ANOUD76
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRs")
IG Group Holdings Plc (the "Company") gives notice of the
following transactions carried out in respect of the Company's
ordinary shares of 0.005p each (the "Shares") by Charlie Rozes,
Chief Financial Officer and Executive Director of the Company,
details of which are set out in the Notification of Transactions by
PDMRs in this announcement as required by the EU Market Abuse
Regulation.
Buyout Awards
Conditional awards were made to Charlie Rozes over Shares on 6
August 2020 in relation to his joining the Company and being
appointed as an Executive Director and Chief Financial Officer of
IG Group, as announced on 4 May 2020. In connection with Mr Rozes
agreeing to take up employment with the Company, it was agreed that
buy-out awards (the "Buy-Out Awards") would be made to him as
compensation for incentives forfeited on leaving his previous
employer, Marsh & McLennan Companies Inc. The Buy-Out Awards
have been approved by the Company's Remuneration Committee
('Remuneration Committee').
The Buy-Out Awards will vest subject to Mr Rozes' continued
service with the Company and to the satisfaction of the conditions
set out below.
Award Number Vesting
of Conditions
Shares
subject
to
Award
"Restricted 35,628 The
Stock Award" Restricted
Stock Award
will vest
in two
equal
tranches on
1 May 2021
and 1 May
2022.
--------------------------------------------------------------- -------------------------------------------------------------------
"Performance 35,616 The
Stock Award" Performance
Stock Award
will Vest
on 30 June
2022
to the same
extent as
the
average
vesting
outcome
for the
financial
years
ending 31
May 2021
and
31 May 2022
of awards
granted
under the
IG Group
Sustained
Performance
Plan.
--------------------------------------------------------------- -------------------------------------------------------------------
"NSO Award" 6,535 The NSO
Award will
vest
in three
equal
tranches
on each of
1 May 2021,
1 May 2022
and 1 May
2023.
--------------------------------------------------------------- -------------------------------------------------------------------
The Buyout Award was granted pursuant to Listing Rule 9.4.2(2)
and will be limited to settlement with Shares purchased in the
market.
In accordance with Article 19 of the EU Market Abuse Regulation,
the relevant FCA notification is set out below.
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Charlie Rozes
-------------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- ---------------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name IG Group Holdings Plc
-------------------------------- ---------------------------------------------
b) LEI 2138003A5Q1M7ANOUD76
-------------------------------- ---------------------------------------------
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 of 0.005 pence
instrument, type of instrument
Identification code GB00B06QFB75
-------------------------------- ---------------------------------------------
b) Nature of the transaction Conditional awards of Shares in compensation
for awards forfeited on Mr Rozes'
resignation from his previous employer
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 35,628
GBP0.00 35,616
GBP0.00 6,535
----------
-------------------------------- ---------------------------------------------
d) Aggregated information
Aggregated volume 77,779
Price GBP0.00
-------------------------------- ---------------------------------------------
e) Date of the transaction 6 August 2020
-------------------------------- ---------------------------------------------
f) Place of transaction London Stock Exchange (XLON)
-------------------------------- ---------------------------------------------
For further information, please contact:
IG Group:
Investors contact
Liz Scorer 020 7573 0727
investors@ig.com
Press contact
Ramon Kaur 020 7573 0060
press@ig.com
About IG
IG empowers informed, decisive, adventurous, people to access
opportunities in over 17,000 financial markets. With a strong focus
on innovation and technology, the company puts client needs at the
heart of everything it does.
IG's vision is to provide the world's best trading experience.
Established in 1974 as one of the world's first providers of
financial derivatives to retail traders, it continued leading the
way by launching the world's first online and iPhone trading
services.
IG is an award-winning, multi-product trading company which
allows retail, professional and institutional clients to trade 24
hours a day, 7 days a week*. IG is the world's No.1 provider of
CFDs** and a global leader in forex. It provides leveraged services
with the option of limited-risk guarantees and offers an
execution-only stock trading service in the UK, Australia, Germany,
France, Ireland, Austria and the Netherlands. IG has a range of
affordable, fully managed investment portfolios, which provide a
comprehensive offering to investors and active traders.
IG is a member of the FTSE 250, with offices across Europe,
including a Swiss bank, Africa, Asia-Pacific, the Middle East and
North America. IG Group Holdings plc holds a long-term investment
grade credit rating of BBB- with a stable outlook from Fitch
Ratings.
* Excluding 10pm Friday (GMT) to 8am Saturday (GMT)
** Based on revenue excluding FX (from published financial
statements, June 2020)
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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