Grant of LTIP Award
Summary by AI BETAClose X
IG Design Group PLC
27 October 2026
IG Design Group Plc
('Design Group' or the 'Company')
Grant of LTIP Award
IG Design Group plc (AIM: IGR) announces that on 27 October 2026, Ari Bensoussan, Chief Financial Officer of the Company, was granted a nil cost option award under the IG Design Group 2022 Long Term Incentive Plan (the "LTIP") over 1,091,582 ordinary shares of 5 pence each in the Company ("Ordinary Shares").
In order to be eligible to receive this award Mr Bensoussan has designated his recently acquired personal holding of 465,799 Ordinary Shares as related existing 'investment shares'. Mr Bensoussan may also acquire and then designate additional Ordinary Shares as further 'investment shares' prior to the 01 September 2027.
The award has an associated normal vesting date of the third anniversary of the grant of the award. The award will ordinarily vest subject to Mr Bensoussan's continued service through to the award's normal vesting and to the extent to which award's performance conditions are met.
The stretching performance conditions attached to the award relate to 'end share price' as at the end of a three-year performance period commencing on 16 June 2026. The following sliding scale target and associated vesting percentage apply:
|
End share price |
Percentage of award capable of vesting |
|
Less than 101 pence |
Nil |
|
101 pence |
25% |
|
Between 101 pence and 160 pence |
25% to 50% on a straight-line basis |
|
Between 160 pence and 300 pence |
Between 50% and 100% on a straight-line basis |
|
300 pence or greater |
100% |
End share price for such purposes means the average of the closing prices of Ordinary Shares for the dealing days falling within the last three months of the performance period subject to such adjustment (if any) the Remuneration Committee of the Board considers warranted to have regard to the value of dividends declared in respect of Ordinary Shares with record dates arising during the performance period.
A post vesting holding period will ordinarily apply in relation to the award through until the fourth anniversary of the grant of the award, following the expiry of which, the award will then become exercisable to its vested extent.
The Remuneration Committee retains a general discretion to reduce the award by reference to the number (if any) of Mr Bensoussan's investment shares that are not retained through the award's three-year time vesting period. The general expectation is for Mr Bensoussan to maintain the holding of investment throughout such period.
Notification of transactions by Persons Discharging Managerial Responsibilities:
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Ari Bensoussan |
||||
|
2 |
Reason for Notification |
|||||
|
a) |
Position/status |
Chief Financial Officer |
||||
|
b) |
Initial notification/Amendment |
Initial Announcement |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
IG Design Group plc |
||||
|
b) |
LEI |
213800J8I5XDZ3JU8496 |
||||
|
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 of 5 pence in IG Design Group Plc
GB0004526900 |
||||
|
b) |
Nature of the transaction |
Grant of a nil cost option award under the IG Design Group 2022 Long Term Incentive Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume
- Price |
N/A Nil |
||||
|
e) |
Date of the transaction |
27 October 2026 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
Enquiries:
IG Design Group Plc Tel: +44 (0)1525 887310
Gerald Kuehr, Chief Executive Officer
Ari Bensouossan, Chief Financial Officer
Canaccord Genuity Limited (Nomad and Broker) Tel: +44 (0)20 7523 8000
Bobbie Hilliam
Alma Strategic Communications Tel: +44 (0)20 3405 0205
Rebecca Sanders-Hewett designgroup@almastrategic.com
Sam Modlin
Will Merison
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