Vesting of Share Awards / Notification of Trans...
Intermediate Capital Group plc (the "Company")
24 June 2015
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 and 2 June 2015 the following number of ordinary shares of the Company vested under the terms of Deferred Share Awards and PLC Equity Awards each made to Christophe Evain under the Intermediate Capital Group Omnibus Plan:
Dates of Grant: 2 June 2010, 1 June 2011, 22 May 2012, 22 May 2013 and 20 May 2014
Number of Shares Vested: 893,012
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 elected to meet 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 2015 at a price of £6.0025 per share and 2 June 2015 at a price of £5.9880 per share.
Number of Shares Sold to Cover Tax: 309,195
Total Number of Shares Received: 583,817
As a consequence of the above transaction Christophe Evain and his connected persons have an interest in 1,681,794 ordinary shares in the Company, representing approximately 0.44% of the total issued share capital (excluding treasury shares) of Intermediate Capital Group PLC.
PHILIP KELLER
On 1 and 2 June 2015 the following number of ordinary shares of the Company vested under the terms of Deferred Share Awards and PLC Equity Awards each made to Philip Keller under the Intermediate Capital Group Omnibus Plan:
Dates of Grant: 2 June 2010, 1 June 2011, 22 May 2012, 22 May 2013 and 20 May 2014
Number of Shares Vested: 592,636
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 elected to meet 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 2015 at a price of £6.0025 per share and 2 June 2015 at a price of £5.9880 per share.
Number of Shares Sold to Cover Tax: 241,700
Total Number of Shares Retained: 350,936
As a consequence of the above transaction Philip Keller and his connected persons have an interest in 728,802 ordinary shares in the Company, representing approximately 0.19% of the total issued share capital (excluding treasury shares) of Intermediate Capital Group PLC.
BENOIT DURTESTE
On 1 and 2 June 2015 the following number of ordinary shares of the Company vested under the terms of Deferred Share Awards and a PLC Equity Award made to Benoit Durteste under the Intermediate Capital Group Omnibus Plan:
Dates of Grant: 22 May 2012, 22 May 2013 and 20 May 2014
Number of Shares Vested: 133,559
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 elected to meet 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 2015 at a price of £6.0025 per share and 2 June 2015 at a price of £5.9880 per share.
Number of Shares Sold to Cover Tax: 62,774
Total Number of Shares Retained: 70,785
As a consequence of the above transaction Benoit Durteste and his connected persons had an interest in 195,990 ordinary shares in the Company, representing approximately 0.05% 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:
Helen Barnes
Corporate Communications, ICG plc
+44 (0) 20 3201 7760
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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