22 Jan 2015 18:15
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**
Andrew Roberts, the Company's Group Chief Executive, Jane Hall, the Company's Chief Executive - Business Services and James Liddiard, the Company's Chief Legal Officer and Group Company Secretary, each 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 9 December 2010, 16 May 2011 and 22 December 2010. On 22 January 2015 such individuals sold a proportion of the shares acquired, being such number sufficient to fund their tax liabilities only.
Name of Director / PDMR | Total number of shares acquired on exercise | Name of Incentive Plan | Number of shares disposed of | Price per share received on disposal |
Andrew Roberts | 3,357,949 | Key Executive Recruitment Plan | 1,586,167 | 28.6489p |
Jane Hall | 1,444,278 | Key Executive Retention Plan | 682,222 | 28.6489p |
Andrew Roberts | 6,130,335 | 2011 Retention Plan | 2,895,736 | 28.6489p |
Jane Hall | 3,065,168 | 2011 Retention Plan | 1,447,869 | 28.6489p |
James Liddiard | 150,745 | Performance Share Plan | 71,207 | 28.6489p |
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 sale transactions on 22 January 2015.
Name of contact and telephone number for queries: James Liddiard, CLO and Group Company Secretary, on 01489 898330.
For and on behalf of The Innovation Group plc
James Liddiard
CLO and Group Company Secretary
Team Internet (TIG)