IG DESIGN GROUP PLC — Share Issue/Capital Change 2016

Sep 26, 2016

National Storage Mechanism | Additional information

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RNS Number : 7456K

IG Design Group PLC

26 September 2016

26 September 2016

IG Design Group Plc

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

Long Term Incentive Awards

As part of a wider award to senior management, Design Group today announces it intends to issue up to 145,770 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Paul Fineman (Group CEO), 116,616 Ordinary Shares to Anthony Lawrinson (Group CFO) and 107,870 Ordinary Shares to Lance Burn (Director) under the Long Term Incentive Plan announced on 31 March 2014.

The issue of Ordinary Shares set out above is conditional upon, and proportionate to, the achievement of two performance conditions over a defined period from 1 April 2016 to 31 March 2019.  Those performance conditions are:

·    Growth in fully diluted earnings per share before exceptional items (60%)

·    Growth in profit before tax before exceptional items (40%)

Growth targets range from 7.5% to 17.5% for EPS and 10% to 17.5% for profit over the performance period for shares to vest.  Each metric is tested independently according to the weighting above.

The cost to the Executives of the Ordinary Shares to be issued under the LTIP, if the performance criteria are met, will be nil.

As a result the three Executives will have the following interests in the Company's Ordinary Shares:

	Ordinary Shares	LTIP 2012-2015 (Vested)	LTIP  2014-2017 (Not Yet Vested)	LTIP 2015-2018 (Not Yet Vested)	LTIP 2016-2019 (Not Yet Vested)
Lance Burn	-	-	262,083	185,877	107,870
Paul Fineman*	4,453,534			200,948	145,770
Anthony Lawrinson		500,000	283,334	160,759	116,616

*Paul Fineman owns a non-beneficial interest of a further 174,608 ordinary shares

The total number of Ordinary Shares that are subject to award to Company employees under the 2016-2019 Long Term Incentive Plan is 896,650, including the amounts stated above.

For further information, please contact:

IG Design Group Plc                                                       Tel:  01525 887310

Paul Fineman, Chief Executive

Anthony Lawrinson, Chief Financial Officer

Cenkos Securities                                                            Tel:  020 7397 8900

Bobbie Hilliam

Harry Pardoe

Redleaf Communications                                            Tel: 0207 382 4730

Rebecca Sanders-Hewett                                             designgroup@redleafpr.com

Sarah Fabietti-Dallison

Susie Hudson

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Fineman, Anthony Lawrinson and Lance Burn

2

Reason for the notification

a)

Position/status

CEO, CFO and Executive Director, respectively

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

IG Design Group plc

b)

LEI

N/a

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

Ordinary Shares of 5 pence each

ISIN: GB0004526900

b)

Nature of the transaction

Grant of Ordinary Shares, conditional on future performance

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil (all)	Lance Burn - up to 107,870 Paul Fineman - up to 145,770 Anthony Lawrinson - up to 116,616

d)

Aggregated information

- Aggregated volume

- Price

370,356

£nil

e)

Date of the transaction

23 September 2016

f)

Place of the transaction

N/a

This information is provided by RNS

The company news service from the London Stock Exchange

END

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