Last checked at 28 May 2013 16:02
28 May 2013
Innovation Group plc (the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
This notification is made in accordance with DTR 3.1.4(1)(a).
*\* The disposals below are to fund tax liabilities only**
On 28 May 2013, Andrew Roberts, the Company's Chief Executive and Jane Hall, the Company's Finance Director, acquired such number of ordinary shares of 2 pence each in the Company as set out in the table below in relation to awards exercised under incentives granted on 11 February 2010. As noted below, these individuals then sold a proportion of the shares acquired, being such number sufficient to fund their tax liabilities only.
Name of Director | Total number of shares acquired on exercise | Name of Incentive Plan | Number of shares disposed of | Price per share received on disposal |
Andrew Roberts | 2,357,686 | Key Executive Recruitment Plan
| 1,113,681 | 27.00
|
Jane Hall | 1,521,087 | Key Executive Retention Plan | 718,504 | 27.00
|
The disposals were made on the London Stock Exchange.
No consideration was payable in connection with the vesting of the awards.
The Company was informed by the individuals listed above of the above transactions on 28 May 2013.
Name of contact and telephone number for queries: James Liddiard, CLO and Group Company Secretary, +44 (0)1489 898 330.
For and on behalf of Innovation Group plc
James Liddiard
CLO and Group Company Secretary
About The Innovation Group plc:
Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of £193m (US$ 302m) in 2012, it employs over 2,400 people across North America, Europe, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 16 of the top 20 global insurance companies and 3 of the world's top 5 fleet and lease management companies.
www.innovation-group.com