IndigoVision Group PLC Grant of Options (6598Z)
16 March 2017 - 7:53PM
UK Regulatory
TIDMIND
RNS Number : 6598Z
IndigoVision Group PLC
16 March 2017
IndigoVision Group plc
("IndigioVision", the "Company" or the "Group")
Grant of Options
IndigoVision Group plc announces that, on 15 March 2017, options
over ordinary shares of 1p each ("Ordinary Shares") were granted to
Directors and PDMRs of the Company (the "Options"); certain of
which being nil-paid options under the terms of the Company's
existing Long-Term Incentive Plan ("LTIP") and certain of which
being the subject of standalone option agreements and exercisable
at the nominal value of Ordinary Shares.
Vesting of the Options granted to Directors of the Company are
conditional on a combination of total shareholder return ("TSR")
and earnings per share ("EPS") performance (total Options to
Directors being split equally between TSR and EPS performance
conditions) (the "Director Vesting Conditions"). Vesting of the
Options granted to PDMRs is conditional on percentage growth in
regional sales contribution (the "PDMR Vesting Conditions"). The
Director Vesting Conditions and PDMR Vesting Conditions are
measured over a period of three consecutive years, with Options
being exercisable from the third anniversary of the date of
grant.
Options granted under the LTIP were as follows:
Name Role Number of Vesting conditions
Options
being granted
Directors
Marcus Kneen Chief Executive 109,500 Director Vesting
Officer Conditions
Chris Lea Chief Financial 80,500 Director Vesting
Officer Conditions
Paul Theasby Chief Operating 30,000 Director Vesting
Officer Conditions
PDMR
Dean Brazenall Region Sales 30,000 PDMR Vesting
Director (EMEA Conditions
North)
Options granted pursuant to standalone agreements were as
follows:
Name Role Number of Vesting conditions
Options
being granted
PDMR
Fabien Haubert Region Sales 30,000 PDMR Vesting
Director (EMEA Conditions
South)
Jose Lopez Region Sales 30,000 PDMR Vesting
Martin Director (Americas) Conditions
Lim Then Poh Region Sales 20,000 PDMR Vesting
Director (APAC) Conditions
Under the terms of the Director Vesting Conditions, Options vest
upon the achievement of average annual compound growth rate
("CAGR") in TSR or EPS (being split equally). Of those Options
being subject to TSR performance, 25 per cent. vest upon the
achievement of CAGR of 15 per cent. and vest on a straight-line
basis thereafter, with all Options vesting upon the achievement of
25 per cent. CAGR in TSR. Of those Options being subject to EPS
performance, 25 per cent. vest upon the achievement of CAGR of 40
per cent. and vest on a straight line basis, with all Options
vesting upon the achievement of 75 per cent. CAGR in EPS.
Under the terms of the PDMR Vesting Conditions, Options are
exercisable subject to percentage growth in regional sales
contribution, with 25 per cent. vesting upon the achievement of the
minimum CAGR target and vesting on a straight-line basis
thereafter.
For further information:
IndigoVision
Group plc
Marcus Kneen
Chris Lea +44 (0)131 475 7200
N+1 Singer
Sandy Fraser +44 (0)131 603 6873
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Marcus Kneen
---- ---------------------------------- ----------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- ---------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ----------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ----------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- -------------- ------------------
Nil 109,500
------------------------------------------------------ ------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ----------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ----------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Chris Lea
---- ---------------------------------- ----------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- ---------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ----------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ----------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- ---------------- ----------------
Nil 80,500
-------------------------------------------------------- ----------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ----------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ----------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Paul Theasby
---- ---------------------------------- ----------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Chief Operating Officer
---- ---------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ----------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ----------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- ---------------- ----------------
Nil 30,000
-------------------------------------------------------- ----------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ----------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ----------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Dean Brazenall
---- ---------------------------------- ----------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Region Sales Director (EMEA
North) - PDMR
---- ---------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ----------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ----------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- ---------------- ----------------
Nil 30,000
-------------------------------------------------------- ----------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ----------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ----------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Fabien Haubert
---- ---------------------------------- ----------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Region Sales Director (EMEA
South) - PDMR
---- ---------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ----------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ----------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- ---------------- ----------------
Nil 30,000
-------------------------------------------------------- ----------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ----------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ----------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------------
a) Name Jose Lopez Martin
---- ---------------------------------- ------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------
a) Position/status Region Sales Director (Americas)
- PDMR
---- ---------------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ------------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ------------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ------------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ------------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- ----------------- -----------------
Nil 30,000
--------------------------------------------------------- -----------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ------------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ------------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------
a) Name Lim Then Poh
---- ---------------------------------- ----------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Region Sales Director (APAC)
- PDMR
---- ---------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---- ---------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------
a) Name IndigoVision Group plc
---- ---------------------------------- ----------------------------------
b) LEI 213800UTDZWYBP2YR191
---- ---------------------------------- ----------------------------------
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 Options over ordinary shares
the financial of 1 pence each
instrument, type
of instrument
GB0032654534
Identification
code
---- ---------------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
---- ---------------------------------- ----------------------------------
c) Price(s) and volume(s) Price Volume
---- ---------------------------------- ---------------- ----------------
Nil 20,000
-------------------------------------------------------- ----------------
d) Aggregated information N/A
- Aggregated volume
- Price
---- ---------------------------------- ----------------------------------
e) Date of the transaction 15 March 2017
---- ---------------------------------- ----------------------------------
f) Place of the transaction Off-market transaction
---- ---------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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