REG - IG Group Hldgs plc - Director/PDMR Shareholding

IG groupAnnouncement

27/01/2025 12:45

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RNS Number : 8195U  IG Group Holdings plc  27 January 2025

IG Group Holdings plc

LEI No: 2138003A5Q1M7ANOUD76

27 January 2025

 

IG Group Holdings plc

(the 'Company')

NOTIFICATION OF TRANSACTION OF A PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMR")

IG Group Holdings plc gives notice about conditional awards granted to
Clifford Abrahams, Chief Financial Officer and Executive Director of the
Company, details of which are set out in the Notification of Transactions by a
PDMR in this announcement as required by the EU Market Abuse Regulation.

Buyout Awards

Conditional awards were made to Clifford Abrahams over the Company's ordinary
shares ("Shares") on 24 January 2025 in relation to his joining the Company
and being appointed as an Executive Director and Chief Financial Officer of IG
Group, as announced on 30 October 2024. In connection with Mr Abrahams
agreeing to take up employment with the Company, it was agreed that the
buy-out awards (the "Buy-Out Awards") would be made to him as compensation for
incentives forfeited on leaving his previous employer, Virgin Money UK plc
("VM"). The Buy-Out Awards have been approved by the Company's Remuneration
Committee.

The Buy-Out Awards will vest subject to Mr Abrahams' continued service with
the Company, they are not subject to any performance conditions:

 Award                   Number of Shares subject to Award  Vesting Date
                         620                                9 December 2025

 Replacement 2022 LTIP
                         620                                9 December 2026
                         620                                9 December 2027
                         620                                9 December 2028
                         620                                9 December 2029
                         4,293                              8 December 2026

 Replacement 2023 LTIP
                         4,293                              8 December 2027
                         4,293                              8 December 2028
                         4,293                              8 December 2029
                         4,293                              8 December 2030

 

The Buyout Award was granted pursuant to Listing Rule 9.3.2(2) and will be
limited to settlement with Shares purchased in the market.

 1          Details of the person discharging managerial responsibilities / person closely

          associated

 a)         Name                                                               Clifford Abrahams

 2          Reason for the notification

 a)         Position/status                                                   Chief Financial Officer

 b)         Initial notification /Amendment                                  Initial Notification

 3          Details of the issuer, emission allowance market participant, auction

          platform, auctioneer or auction monitor

 a)         Name                                                             IG Group Holdings plc

 b)         LEI                                                              2138003A5Q1M7ANOUD76

 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      Ordinary Shares of 0.005 pence

            Identification code

                                                                             GB00B06QFB75

 b)         Nature of the transaction                                        Conditional awards of Shares in compensation for awards forfeited on Mr

                                                                Abrahams' resignation from his previous employer

 c)         Price(s) and volume(s)

Price(s)      Volume(s)
                                                                             £0.00          24,565

 d)         Aggregated information

            -      Aggregated volume                                         N/A

            -      Price

 e)         Date of the transaction                                          24 January 2025

 f)         Place of the transaction                                         Outside a trading venue

             

d)

 

Aggregated information

 

-      Aggregated volume

-      Price

 

 

 

N/A

e)

 

Date of the transaction

 

24 January 2025

f) 

  

Place of the transaction 

 

Outside a trading venue

 

 

 Company Secretariat                 IG Group Investors                          FTI Consulting
 Aurelia Gibbs                       Martin Price                                Edward Berry / Katherine Bell
 020 7896 0011                       020 7573 0020                               07703 330 199 / 079 7687 0961
 cosec@ig.com (mailto:cosec@ig.com)  investors@ig.com (mailto:investors@ig.com)  iggroup.sc@fticonsulting.com (mailto:iggroup.sc@fticonsulting.com)

 

About IG

IG Group (LSEG:IGG) provides online trading platforms and educational
resources to empower ambitious clients around the globe. Headquartered in the
UK, IG Group is a FTSE 250 company that offers clients access to c.19,000
financial markets worldwide.

 

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