Discoverie Group PLC — Remuneration Information 2018

Mar 29, 2018

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RNS Number : 4557J

discoverIE Group plc

29 March 2018

29 March 2018

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 29 March 2018, the Company granted long term incentive awards under the discoverIE Group plc 2008 Renewed Long-Term Incentive Plan ("LTIP").

LTIP Awards(1)

Name	Number of Shares Subject to LTIP Award
Nicholas Jefferies	163,358
Simon Gibbins	97,189

(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
Helen Tarbet

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 instrument, type of instrument

Identification code

Options over Ordinary Shares in discoverIE Group plc

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	163,358

d)

Aggregated information

N/A

e)

Date of the transaction

29 March 2018

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 in discoverIE Group plc

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	97,189

d)

Aggregated information

N/A

e)

Date of the transaction

29 March 2018

f)

Place of the transaction

Outside a trading venue

Notes to Editors:

About discoverIE Group plc

discoverIE Group (previously Acal 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 recurring revenue and long term customer relationships.

By focussing 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.3,800 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 £0.4bn. Over the last five years, revenue and underlying earnings per share have doubled.

This information is provided by RNS

The company news service from the London Stock Exchange

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