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Director/PDMR Shareholding

4th Mar 2014 15:47

RNS Number : 5102B
ISG PLC
04 March 2014
 



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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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