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Director/PDMR Shareholding

27th Sep 2013 12:38

RNS Number : 1251P
ISG PLC
27 September 2013
 



ISG plc (the "Company")

Director/PDMR Shareholding

 

27 September 2013

 

The Board of the Company announces that it has today granted options over Ordinary Shares to the executive directors of the Company as set out below. The options have an exercise price of 238.5p per share, being the average of the closing mid-market prices of ordinary shares of 1 pence each in the Company ("Ordinary Shares") as quoted on the AIM market of the London Stock Exchange plc on each of the three business days immediately preceding the date of grant.

 

Director

Options over Ordinary Shares

Mr Greg Aldridge

90,817

Mr Jonathan Houlton

197,484

Mr Samuel David Lawther

257,861

 

The options will be exercisable from 27 September 2016 to 26 September 2023. The options have been granted under the Company's approved and unapproved share option plans and are to be triggered subject to prescribed performance targets.

 

The Board has also granted share awards to the executive directors today as set out below. The awards were granted based on a share price of 238.5p per share, being the average of the closing mid-market prices of Ordinary Shares in the Company as quoted on the AIM market of the London Stock Exchange plc on each of the three business days immediately preceding the date of grant.

 

Director

Share Award (Ordinary Shares)

Mr Greg Aldridge

33,459

Mr Jonathan Houlton

65,828

Mr Samuel David Lawther

85,953

 

The awards have been granted under the Company's Performance Share Plan and will vest in three years time subject to prescribed performance targets.

 

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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