Notification of Director Transactions
IG Group Holdings plc
30 July 2013
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
IG Group Holdings Plc (the "Company") was notified on 29 July 2013 of transactions carried out by its directors in respect of the Company's ordinary shares of 0.005p each (the "Ordinary Shares"). This notice is being issued in accordance with DTR 3.1.4R(1) and DTR 3.1.5R.
1. Purchase of Shares under the Company's Share Incentive Plan ("SIP")
The Company operates a HMRC approved SIP under which matching shares are provided up to a maximum of £1,500. The scheme is open to all UK based employees. For the 2013 SIP, employees that chose to invest the maximum of £1,500 received approximately 258 shares on 26 July 2013 and, if they remain employed at the end of 3 years after the transaction, the shares will be matched by the Company on a one-for one basis. Peter Hetherington and Christopher Hill each invested the maximum amount under the SIP.
|
Director |
Date and place of transaction |
Nature of transaction |
Price per share |
Shares held following transaction |
|
Peter Hetherington |
26/07/2013 London |
Purchase: 258 Ordinary Shares under the SIP |
580 pence |
113,951 Ordinary Shares |
|
Christopher Hill |
26/07/2013 London
|
Purchase: 259 Ordinary Shares under the SIP
|
580 pence |
587 Ordinary Shares |
2. Award of options to Directors under the Long Term Bonus Plan
As disclosed in the Company's 2009 Annual Report, and repeated in subsequent Annual Reports, there is an element of deferral in the Directors' performance related bonus scheme, meaning that the first £100,000 of any bonus plus one third of the remainder is to be paid in cash and the balance of the bonus (if any) is to be deferred into shares for at least one year, in accordance with the rules of the Company's Long Term Bonus Plan ("LTBP"). Deferral is to be achieved via the award of options to acquire the relevant number of the Company's shares at nil cost (or their cash equivalent) on the relevant vesting date.
On 29 July 2013, the Company made the following awards to Directors for bonuses earned for the year ended 31 May 2013, deferred in accordance with the LTBP.
|
Director |
Date and place of transaction |
Nature of transaction |
Price per share *
|
Cash equivalent of award at date of issue |
Shares held following transaction ** |
|
Tim Howkins |
29/07/2013 London |
Award of nil cost option to acquire 36,584 of the Company's shares due to deferral of cash bonus
|
545 pence |
£199,383 |
3,401,692 Ordinary Shares |
|
Peter Hetherington |
29/07/2013 London |
Award of nil cost option to acquire 24,396 of the Company's shares due to deferral of cash bonus
|
545 pence |
£132,958 |
113,951 Ordinary Shares |
|
Christopher Hill |
29/07/2013 London |
Award of nil cost option to acquire 21,935 of the Company's shares due to deferral of cash bonus
|
545 pence |
£119,546 |
587 Ordinary Shares |
* The price per share is based on the "Opening Market Value" which means the average of the middle market closing quotation of a share as derived from the Daily Official List of the London Stock Exchange for each business day in the period of three months ending on the last day of the financial year immediately preceding the date of grant
** As the award can be cash settled on the vesting date, the award does not result in a change to the Directors' overall interest in the Company's shares
For further information, please contact:
IG Group
Kieran McKinney
Head of Investor Relations 020 7573 0026
FTI
Neil Doyle / Ed Berry 020 7269 7237 / 7297
This information is provided by RNS
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