Exercise of share options

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 Date

31 March 2010

20 July

2010

28 March 2012

28 March 2013

Total

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 / amendment

Initial notification

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 instrument, type of instrument

 

Identification code

Ordinary shares in discoverIE Group plc

 

 

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

838,394

 

 

d)

Aggregated information

 

Price

Volume

Total

0 pence per share

838,394

£0

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 / amendment

Initial notification

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 instrument, type of instrument

 

Identification code

Ordinary shares in discoverIE Group plc

 

 

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

423,387

 

 

d)

Aggregated information

 

Price

Volume

Total

0 pence per share

423,387

£0

e)

Date of the transaction

5 June 2018

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 


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