4th Mar 2014 15:47
ISG plc (the "Company")
Director/PDMR Shareholding
4 March 2014
The Board of the Company announces that it has today received notification that Mr David Lawther, CEO, has exercised options granted under the Company's Unapproved Company Share Option Plan (the "Plan") over 183,422 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of 176.5p per Ordinary Share. The Company elected to satisfy these options by issuing 75,761 Ordinary Shares to Mr Lawther, representing the value of the gain made on these options based on a market price of 300p per Ordinary Share (being the average mid-market closing price of the Company's shares on the three dealing days before the date that Mr Lawther submitted his notice of exercise).
Following the exercise of these options, Mr Lawther sold 75,761 shares on 4 March 2014 at a price of 300p per Ordinary Share.
Following the above transactions, Mr Lawther continues to hold an interest in 195,706 Ordinary Shares representing 0.5% of the Company's total issued share capital.
Enquiries
ISG plc
Jared Cranney, Company Secretary
Tel: 020 7392 5339
Ends
Related Shares:
ISG.L