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Irish Continental Group — Remuneration Information 2017
May 24, 2017
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Remuneration Information
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24 May 2017
Pursuant to its obligations under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation), "), Irish Continental Group plc publishes the below notifications received under the Market Abuse Regulation.
Tom Corcoran
Company Secretary
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Eamonn Rothwell
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Irish Continental Group plc
b)
LEI
635400FQKB6QXERQOC74
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
ICG Unit
ISIN : IE00BLP58571
b)
Nature of the transaction
Grant of options under the Irish Continental Group plc Performance Share Plan.
The vesting of these options is subject to performance conditions measured over a three year performance period.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.065 | 293,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
23 May 2017
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
Of the total options awarded of 293,000, 195,000 is an award related to the current financial year and 98,000 is an award related to the previous financial year. As reported in the 2016 annual report to shareholders, the Company had made no awards under the previous 2009 Share Option Plan in 2016 in order to undertake a review of the Company's remuneration framework during 2016. A new Performance Share Plan was approved by shareholders at the Company's Annual General Meeting held on 17 May 2017. The total award includes a catch-up amount in the absence of an award in 2016.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
David Ledwidge
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Irish Continental Group plc
b)
LEI
635400FQKB6QXERQOC74
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
ICG Unit
ISIN : IE00BLP58571
b)
Nature of the transaction
Grant of options under the Irish Continental Group plc Performance Share Plan.
The vesting of these options is subject to performance conditions measured over a three year performance period.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.065 | 100,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
23 May 2017
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
Of the total options awarded of 100,000, 50,000 is an award related to the current financial year and 50,000 is an award related to the previous financial year. As reported in the 2016 annual report to shareholders, the Company had made no awards under the previous 2009 Share Option Plan in 2016 in order to undertake a review of the Company's remuneration framework during 2016. A new Performance Share Plan was approved by shareholders at the Company's Annual General Meeting held on 17 May 2017. The total award includes a catch-up amount in the absence of an award in 2016.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Andrew Sheen
2
Reason for the notification
a)
Position/status
Managing Director - Ferries Division
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Irish Continental Group plc
b)
LEI
635400FQKB6QXERQOC74
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
ICG Unit
ISIN : IE00BLP58571
b)
Nature of the transaction
Grant of options under the Irish Continental Group plc Performance Share Plan.
The vesting of these options is subject to performance conditions measured over a three year performance period.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.065 | 125,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
23 May 2017
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
Of the total options awarded of 125,000, 62,500 is an award related to the current financial year and 62,500 is an award related to the previous financial year. As reported in the 2016 annual report to shareholders, the Company had made no awards under the previous 2009 Share Option Plan in 2016 in order to undertake a review of the Company's remuneration framework during 2016. A new Performance Share Plan was approved by shareholders at the Company's Annual General Meeting held on 17 May 2017. The total award includes a catch-up amount in the absence of an award in 2016.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Declan Freeman
2
Reason for the notification
a)
Position/status
Managing Director - Container & Terminals Division
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Irish Continental Group plc
b)
LEI
635400FQKB6QXERQOC74
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
ICG Unit
ISIN : IE00BLP58571
b)
Nature of the transaction
Grant of options under the Irish Continental Group plc Performance Share Plan.
The vesting of these options is subject to performance conditions measured over a three year performance period.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.065 | 100,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
23 May 2017
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
Of the total options awarded of 100,000, 50,000 is an award related to the current financial year and 50,000 is an award related to the previous financial year. As reported in the 2016 annual report to shareholders, the Company had made no awards under the previous 2009 Share Option Plan in 2016 in order to undertake a review of the Company's remuneration framework during 2016. A new Performance Share Plan was approved by shareholders at the Company's Annual General Meeting held on 17 May 2017. The total award includes a catch-up amount in the absence of an award in 2016.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tom Corcoran
2
Reason for the notification
a)
Position/status
Company Secretary
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Irish Continental Group plc
b)
LEI
635400FQKB6QXERQOC74
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
ICG Unit
ISIN : IE00BLP58571
b)
Nature of the transaction
Grant of options under the Irish Continental Group plc Performance Share Plan.
The vesting of these options is subject to performance conditions measured over a three year performance period.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.065 | 73,000 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
23 May 2017
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
Of the total options awarded of 73,000, 36,500 is an award related to the current financial year and 36,500 is an award related to the previous financial year. As reported in the 2016 annual report to shareholders, the Company had made no awards under the previous 2009 Share Option Plan in 2016 in order to undertake a review of the Company's remuneration framework during 2016. A new Performance Share Plan was approved by shareholders at the Company's Annual General Meeting held on 17 May 2017. The total award includes a catch-up amount in the absence of an award in 2016.
*This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Irish Continental Group plc via Globenewswire*