REG - discoverIE Group plc - Director LTIP & DSBP Awards

DiscoverieAnnouncement

Thu 10:30

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RNS Number : 5876M  discoverIE Group plc  12 June 2025

12 June 2025

 

discoverIE Group plc

 

Director LTIP & DSBP Awards

 

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"), a leading
international designer and manufacturer of customised electronics to industry,
announces that, on 11 June 2025, options were granted for nil consideration
over the following numbers of ordinary shares in the Company ("Ordinary
Shares") under the 2021 discoverIE Group plc Long-Term Incentive Plan ("LTIP")
and the 2024 Deferred Share Bonus Plan ("DSBP") (together the "Awards"):

 

 Director / PDMR  LTIP Awards granted  DSBP Awards granted
 Nick Jefferies   141,822              12,997
 Simon Gibbins    84,872               7,086

 

The LTIP Awards will vest on 12 June 2028, subject to the achievement of
performance targets measured over a three-year period. Vested options will be
subject to an additional two-year holding period. In addition to the LTIP
Awards noted above, a further 7,956 options over Ordinary Shares were granted
to Simon Gibbins in return for him bearing a proportion of the Company's
liability for the employers' National Insurance Contributions arising on
exercise. The additional award ensures he is in a neutral position on an
after-tax basis.

 

The DSBP Awards follow the deferral of 20% of each Director's bonus
entitlement for the year ended 31 March 2025. Subject to the Rules of the
DSBP, these Awards will also vest on 12 June 2028.

 

For further information, please contact:

 

discoverIE Group plc

Greg Davidson - Company Secretary     01483 544 500

 

 

Notes to Editors:

 

About discoverIE Group plc

 

discoverIE Group plc is an international group of businesses that design and
manufacture innovative electronic components for industrial applications.

 

The Group provides application-specific components to original equipment
manufacturers ("OEMs") internationally through its two divisions, Magnetics
& Controls, and Sensing & Connectivity. By designing components that
meet customers' unique requirements, which are then manufactured and supplied
throughout the life of their production, a high level of repeating revenue is
generated with long-term, high quality customer relationships.

 

With a focus on key markets driven by structural growth, increasing electronic
content and sustainability, namely medical, electrification of transportation,
renewable energy, security and industrial automation & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and to
supplement that with complementary acquisitions. The Group is committed to
reducing the impact of its operations on the environment in order to reach net
zero. With its key markets aligned with a sustainable future, the Group has
been awarded an ESG "A" rating by MSCI and is Regional (Europe) Top Rated and
Industry (Technology Hardware) Top Rated by Sustainalytics.

 

The Group employs c.4,500 people across 20 countries with its principal
operating units located in Continental Europe, the UK, China, Sri Lanka, India
and North America.

 

discoverIE is listed on the Main Market of the London Stock Exchange and is a
member of the FTSE 250, classified within the Electrical Components and
Equipment subsector.

 

 

 

 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  Options over Ordinary Shares

     Identification code

                                                                  GB0000055888
 b)  Nature of the transaction                                    (a)    Award made pursuant to the Company's 2021 Long‐Term Incentive Plan
                                                                  ("LTIP Award")

                                                                  (b)   Award made pursuant to the Company's 2024 Deferred Share Bonus Plan
                                                                  ("DSBP Award")

 c)  Price(s) and volume(s)

      Price  Volume
                                                                  LTIP Award  Nil    141,822
                                                                  DSBP Award  Nil    12,997

 

 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      11 June 2025
 f)  Place of the transaction                                     Outside a trading venue

 

 

d)

Aggregated information

N/A

e)

Date of the transaction

11 June 2025

f)

Place of the transaction

Outside a trading venue

 

 

 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  Options over Ordinary Shares

     Identification code

                                                                  GB0000055888
 b)  Nature of the transaction                                    (a)    Award made pursuant to the Company's 2021 Long‐Term Incentive Plan
                                                                  ("LTIP Award")

                                                                  (b)   Award made pursuant to the Company's 2024 Deferred Share Bonus Plan
                                                                  ("DSBP Award")

 c)  Price(s) and volume(s)

      Price  Volume
                                                                  LTIP Award  Nil    92,828
                                                                  DSBP Award  Nil    7,086

 

 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      11 June 2025
 f)  Place of the transaction                                     Outside a trading venue

 

 

d)

Aggregated information

N/A

e)

Date of the transaction

11 June 2025

f)

Place of the transaction

Outside a trading venue

 

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