16th Mar 2007 15:52
Innovation Group PLC16 March 2007 16th March 2007 THE INNOVATION GROUP PLC Notification of Transactions of Directors and Persons Discharging Managerial Responsibility or Connected Persons On 15th March 2007 conditional awards of ordinary shares of 2 pence each ('Ordinary Shares') were made under the The Innovation Group plc Global Management Incentive Plan (the 'Plan"), as detailed below: Name Number of Ordinary Shares Percentage of share capital Hassan Sadiq 6,000,000 0.94%Eric Wadsworth 3,100,000 0.49%Shaun Gwilliam 1,100,000 0.17% The award to H Sadiq will ordinarily vest in tranches on the third, fourth andfifth anniversary of award subject to the rules of the Plan, continuedemployment and to the extent earnings per share targets and a total shareholderreturn underpin are satisfied. The awards to E Wadsworth and S Gwilliam will ordinarily vest in tranches on 22December 2009, 2010 and 2011 subject to the rules of the Plan, continuedemployment and the satisfaction of an earnings per share performance condition. No consideration was paid for the grant of these awards and no consideration isdue on the vesting on these awards. This notification is made in accordance with DR 3.1.4R (a) of the UKLA ListingRules in the case of the award to H Sadiq and in accordance with DR 3.1.4(b) ofthe UKLA Listing Rules in the case of E Wadsworth and S Gwilliam. Enquiries: The Innovation Group plc Hassan Sadiq, Chief Executive Officer 01489 898300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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