13
June 2024
discoverIE Group
plc
Director LTIP
Award
discoverIE Group plc (LSE: DSCV,
"discoverIE" or "the Company"), a leading international designer
and manufacturer of customised electronics to industry, announces
that, on 12 June 2024, 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")
(the "Awards"):
|
Director/PDMR
|
Number of Awards granted
|
|
Nick Jefferies
|
128,839
|
|
Simon Gibbins
|
77,108
|
The Awards will vest on 14 June
2027, 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 Awards, a further
7,228 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.
For further information, please
contact:
discoverIE Group plc
Greg Davidson - Company
Secretary 01483 544 500
Buchanan
Chris Lane, Toto Berger, Jack
Devoy 020 7466 5000
discoverIE@buchanan.uk.com
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
customer relationships.
With a focus on sustainable key
markets driven by structural growth and increasing electronic
content, namely renewable energy, medical, electrification of
transportation 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 with an SBTi aligned plan to reach net zero. With its
key markets aligned with a sustainable future, the Group has been
awarded an ESG "AA" rating by MSCI and is Regional (Europe) 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 FTSE250,
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
Identification code
|
Options over Ordinary
Shares
GB0000055888
|
|
b)
|
Nature of the transaction
|
Award made pursuant to the
Company's
Long‐Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
12 June 2024
|
|
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
Identification code
|
Options over Ordinary
Shares
GB0000055888
|
|
b)
|
Nature of the transaction
|
Award made pursuant to the
Company's
Long‐Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
12 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|