3rd Jul 2013 07:00
3 July 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 disposal below is to fund tax liabilities only**
On 25 June 2013, James Liddiard, the Company's Chief Legal Officer and Company Secretary, 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 25 June 2010. As noted below, this individual then sold a proportion of the shares acquired, such sale taking place on 2 July 2013 and being such number sufficient to fund his tax liabilities only.
Name of PDMR | Total number of shares acquired on exercise | Name of Incentive Plan | Number of shares disposed of | Price per share received on disposal |
James Liddiard | 148,350 | Performance Share Plan | 62,621 | 27.5833
|
The disposals were made on the London Stock Exchange.
No consideration was payable in connection with the exercise of the awards.
The Company was informed by the individual listed above of the above transactions on 2 July 2013.
Name of contact and telephone number for queries: Jane Hall, Group Finance Director +44 (0)1489 898 300.
For and on behalf of Innovation Group plc
Jane Hall
Group Finance Director
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
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