Statement re Vesting of Share Awards/Notificati...
Intermediate Capital Group plc (the "Company")
5 June 2017
Vesting of Share Awards/Notification of Transactions of Directors
In accordance with the UK Financial Conduct Authority Disclosure and Transparency Rule 3, the Company wishes to announce that the following ordinary shares of the Company vested under the terms of awards to directors.
CHRISTOPHE EVAIN
On 1 June 2017 the following number of ordinary shares of the Company vested under the terms of Deferred Share Awards and PLC Equity Awards made to Christophe Evain under the Intermediate Capital Group Omnibus Plan:
Dates of Grant: 22 May 2012, 22 May 2013, 20 May 2014, 20 May 2015 and 24 May 2016
Number of Shares Vested: 733,843
In accordance with the terms of the Award, the number above includes additional shares equivalent in value to the dividends payable on the vested shares between the date of Award and the date of their transfer to the Director.
The Director met certain liabilities for income tax and national insurance contributions on the vesting of his Awards by agreeing to sell the number of shares shown below in London on 1 June 2017 at a price of £8.86 per share.
Number of Shares Sold to Cover Tax: 344,909
Total Number of Shares Received: 388,934
As a consequence of the above transaction Christophe Evain and his connected persons have an interest in 1,987,263 ordinary shares in the Company, representing approximately 0.68% of the total issued share capital (excluding treasury shares) of Intermediate Capital Group PLC.
PHILIP KELLER
On 1 June 2017 the following number of ordinary shares of the Company vested under the terms of Deferred Share Awards and PLC Equity Awards made to Philip Keller under the Intermediate Capital Group Omnibus Plan:
Dates of Grant: 22 May 2012, 22 May 2013, 20 May 2014, 20 May 2015 and 24 May 2016
Number of Shares Vested: 478,569
In accordance with the terms of the awards, the number above includes additional shares equivalent in value to the dividends payable on the vested shares between the date of Award and the date of their transfer to the Director.
The Director met certain liabilities for income tax and national insurance contributions on the vesting of his Awards by agreeing to sell the number of shares shown below in London on 1 June 2017 at a price of £8.86 per share.
Number of Shares Sold to Cover Tax: 224,930
Total Number of Shares Received: 253,639
As a consequence of the above transaction Philip Keller and his connected persons had an interest in 854,124 ordinary shares in the Company, representing approximately 0.29% of the total issued share capital (excluding treasury shares) of Intermediate Capital Group PLC.
BENOIT DURTESTE
On 1 June 2017 the following number of ordinary shares of the Company vested under the terms of Deferred Share Awards and PLC Equity Awards made to Benoit Durteste under the Intermediate Capital Group Omnibus Plan:
Dates of Grant: 22 May 2012, 22 May 2013, 20 May 2014, 20 May 2015 and 24 May 2016
Number of Shares Vested: 443,796
In accordance with the terms of the awards, the number above includes additional shares equivalent in value to the dividends payable on the vested shares between the date of Award and the date of their transfer to the Director.
The Director met certain liabilities for income tax and national insurance contributions on the vesting of his Awards by agreeing to sell the number of shares shown below in London on 1 June 2017 at a price of £8.86 per share.
Number of Shares Sold to Cover Tax: 208,588
Total Number of Shares Received: 235,208
As a consequence of the above transaction Benoit Durteste and his connected persons had an interest in 396,184 ordinary shares in the Company, representing approximately 0.14% of the total issued share capital (excluding treasury shares) of Intermediate Capital Group PLC.
Investor Enquiries:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Media Enquiries:
Susan Tether
Corporate Communications, ICG plc
+44 (0) 20 3201 7917
Neil Bennett
Maitland
+44 (0) 20 379 5151
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intermediate Capital Group plc via Globenewswire
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