discoverIE Group plc Director LTIP Award (8007X)
May 01 2019 - 11:21AM
UK Regulatory
TIDMDSCV
RNS Number : 8007X
discoverIE Group plc
01 May 2019
1 May 2019
discoverIE Group plc
Director LTIP Award
discoverIE Group plc (LSE : DSCV, "discoverIE" or the
"Company"), a leading international designer, manufacturer and
supplier of customised electronics to industry, announces that on
30 April 2019, the Company granted long term incentive awards under
the discoverIE Group plc 2018 Renewed Long-Term Incentive Plan
("LTIP").
LTIP Awards(1)
Name Number of Shares
Subject to LTIP
Award
Nicholas Jefferies 166,236
-----------------
Simon Gibbins 107,385
-----------------
(1) The LTIP awards are granted in the form of nil-cost options
over ordinary shares of 5 pence each in the Company ("Ordinary
Shares"). The awards will vest on the third anniversary of the date
of grant, 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 prior to being eligible
for exercise.
For further information, please contact:
discoverIE Group plc 01483 544 500
Nick Jefferies - Group Chief Executive
Simon Gibbins - Group Finance Director
Instinctif Partners 0207 457 2020
Mark Garraway
James Gray
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Nicholas 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 Options over Ordinary Shares
instrument, type of instrument in discoverIE Group plc
Identification code GB0000055888
------------------------------------ ---------------------------------
b) Nature of the transaction Award made pursuant to the
Company's Long-Term Incentive
Plan
------------------------------------ ---------------------------------
c) Price(s) and volume(s) Price Volume
Nil 166,236
--------
------------------------------------ ---------------------------------
d) Aggregated information N/A
------------------------------------ ---------------------------------
e) Date of the transaction 30 April 2019
------------------------------------ ---------------------------------
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 Options over Ordinary Shares
instrument, type of instrument in discoverIE Group plc
Identification code GB0000055888
------------------------------------ ---------------------------------
b) Nature of the transaction Award made pursuant to the
Company's Long-Term Incentive
Plan
------------------------------------ ---------------------------------
c) Price(s) and volume(s) Price Volume
Nil 107,385
--------
------------------------------------ ---------------------------------
d) Aggregated information N/A
------------------------------------ ---------------------------------
e) Date of the transaction 30 April 2019
------------------------------------ ---------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------ ---------------------------------
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. With in-house
engineering capability, we are able to design components to meet
customer requirements, which are then manufactured and supplied,
usually on a repeating basis, for their ongoing production needs.
This generates a high level of repeating revenue and long-term
customer relationships.
By focusing on key markets which are driven by structural growth
and increasing electronic content, namely renewable energy,
transportation, medical and industrial connectivity, the Group aims
to achieve organic growth that is well ahead of GDP and to
supplement that with targeted complementary acquisitions.
The Group employs c.4,300 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE Small Cap Index, classified
within the Electrical Components and Equipment subsector, and has
revenue of GBP0.4bn. Over the last five years, revenue and
underlying earnings per share has more than doubled.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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