IndigoVision Group PLC Grant of Options (2386U)

TIDMIND

RNS Number : 2386U

IndigoVision Group PLC

20 October 2017

IndigoVision Group plc

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

Grant of Options

IndigoVision Group plc announces that, on 19 October 2017, options over ordinary shares of 1p each ("Ordinary Shares") were granted to a PDMR of the Company (the "Options") under the terms of the Company's existing Long-Term Incentive Plan ("LTIP") for nil consideration.

Vesting of the Options is conditional on a combination of total shareholder return ("TSR") and earnings per share ("EPS") performance (the "Vesting Conditions") measured over a period of three consecutive years, with the Option being exercisable from the third anniversary of the date of grant.

The Option granted under the LTIP was as follows:

 
     Name                    Role                Number of Options 
                                                   being granted 
--------------  ------------------------------  ------------------ 
                 Senior Vice President Global 
 Pedro Simoes                Sales                    100,000 
--------------  ------------------------------  ------------------

Under the terms of the Vesting Conditions, Options vest upon the achievement of average annual compound growth rate ("CAGR") in TSR or EPS (with the Options being split equally between the two measures). Of those Options 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 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.

For further information:

IndigoVision Group plc

   Chris Lea (CFO)            +44(0)131 475 7200

N+1 Singer

   Sandy Fraser                 +44(0) 20 7496 3176 
 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ------------------------------------------------------------------ 
  a)   Name                         Pedro Simoes 
----  --------------------------  -------------------------------------- 
  2    Reason for the notification 
----  ------------------------------------------------------------------ 
  a)   Position/status              Senior Vice President Global Sales 
----  --------------------------  -------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  -------------------------------------- 
  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                  Ordinary shares of 1 pence each 
        of the financial 
        instrument, 
        type of instrument 
---- 
       Identification               GB0032654534 
        code 
----  --------------------------  -------------------------------------- 
  b)   Nature of                   Grant of options over ordinary shares 
        the transaction 
----  --------------------------  -------------------------------------- 
  c)   Price(s) and                 Price(s)    Volume(s) 
        volume(s)                   ----------  ---------- 
                                        Nil       100,000 
                                    ----------  ---------- 
----  --------------------------  -------------------------------------- 
  d)    Aggregated 
         information 
          *    Aggregated volume     Not applicable 
 
 
          *    Price 
----  --------------------------  -------------------------------------- 
  e)   Date of the                 19 October 2017 
        transaction 
----  --------------------------  -------------------------------------- 
  f)   Place of the                Off-market transaction 
        transaction 
----  --------------------------  --------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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