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Last Trade - 12/06/20

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £35.5m
Position in Universe th / 1824

IndigoVision Group - Grant of Options

Thu 16th March, 2017 8:53am
RNS Number : 6598Z
IndigoVision Group PLC
16 March 2017

IndigoVision Group plc

("IndigioVision", the "Company" or the "Group")

Grant of Options

IndigoVision Group plc announces that, on 15 March 2017, options over ordinary shares of 1p each ("Ordinary Shares") were granted to Directors and PDMRs of the Company (the "Options"); certain of which being nil-paid options under the terms of the Company's existing Long-Term Incentive Plan ("LTIP") and certain of which being the subject of standalone option agreements and exercisable at the nominal value of Ordinary Shares.

Vesting of the Options granted to Directors of the Company are conditional on a combination of total shareholder return ("TSR") and earnings per share ("EPS") performance (total Options to Directors being split equally between TSR and EPS performance conditions) (the "Director Vesting Conditions"). Vesting of the Options granted to PDMRs is conditional on percentage growth in regional sales contribution (the "PDMR Vesting Conditions"). The Director Vesting Conditions and PDMR Vesting Conditions are measured over a period of three consecutive years, with Options being exercisable from the third anniversary of the date of grant.

Options granted under the LTIP were as follows:





Name

Role

Number of Options being granted

Vesting conditions





Directors




Marcus Kneen

Chief Executive Officer

109,500

Director Vesting Conditions

Chris Lea

Chief Financial Officer

80,500

Director Vesting Conditions

Paul Theasby

Chief Operating Officer

30,000

Director Vesting Conditions





PDMR




Dean Brazenall

Region Sales Director (EMEA North)

30,000

PDMR Vesting Conditions

Options granted pursuant to standalone agreements were as follows:





Name

Role

Number of Options being granted

Vesting conditions





PDMR




Fabien Haubert

Region Sales Director (EMEA South)

30,000

PDMR Vesting Conditions

Jose Lopez Martin

Region Sales Director (Americas)

30,000

PDMR Vesting Conditions

Lim Then Poh

Region Sales Director (APAC)

20,000

PDMR Vesting Conditions



Under the terms of the Director Vesting Conditions, Options vest upon the achievement of average annual compound growth rate ("CAGR") in TSR or EPS (being split equally). Of those Options being subject to TSR performance, 25 per cent. vest upon the achievement of CAGR of 15 per cent. and vest on a straight-line basis thereafter, with all Options vesting upon the achievement of 25 per cent. CAGR in TSR. Of those Options being subject to EPS performance, 25 per cent. vest upon the achievement of CAGR of 40 per cent. and vest on a straight line basis, with all Options vesting upon the achievement of 75 per cent. CAGR in EPS.

Under the terms of the PDMR Vesting Conditions, Options are exercisable subject to percentage growth in regional sales contribution, with 25 per cent. vesting upon the achievement of the minimum CAGR target and vesting on a straight-line basis thereafter.

For further information:

IndigoVision Group plc


Marcus Kneen

Chris Lea

+44 (0)131 475 7200



N+1 Singer


Sandy Fraser

+44 (0)131 603 6873

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marcus Kneen

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

109,500

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Lea

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

80,500

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Theasby

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

30,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dean Brazenall

2

Reason for the notification

a)

Position/status

Region Sales Director (EMEA North) - PDMR

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

30,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fabien Haubert

2

Reason for the notification

a)

Position/status

Region Sales Director (EMEA South) - PDMR

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

30,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jose Lopez Martin

2

Reason for the notification

a)

Position/status

Region Sales Director (Americas) - PDMR

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

30,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lim Then Poh

2

Reason for the notification

a)

Position/status

Region Sales Director (APAC) - PDMR

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IndigoVision Group plc

b)

LEI

213800UTDZWYBP2YR191

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

Options over ordinary shares of 1 pence each

GB0032654534

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price

Volume

Nil

20,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

Off-market transaction


This information is provided by RNS
The company news service from the London Stock Exchange
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