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Intermediate Capital Group plc : Grant of Share...
Intermediate Capital Group plc : Grant of Share....
About this update from Icg Plc
[{"type":"text","content":"\n Intermediate Capital Group plc : Grant of Share AwardsIntermediate Capital Group plc (the “Company”)2 August 2019Notification of Transactions of DirectorsGRANT OF SHARE AWARDSThe Company announces that on 1 August 2019 PLC Equity Awards under the Intermediate Capital Group Omnibus Plan were granted to Vijay Bharadia, an Executive Director. As detailed in the 2019 Annual Report of the Company, the awards were made to replace and materially replicate awards Mr Bharadia forfeited on leaving his previous employer.The awards made were over the following number of ordinary shares in the Company:Date on which forfeited awards were due to vestNumber of ICG Shares under replacement award Vesting date for award1 July 20199,721*1 August 20191 January 202014,3181 January 20201 July 20205,516*1 July 20201 January 20218,9501 January 20211 July 202110,788*1 July 20211 January 20224,9881 January 20221 July 20227,572*1 July 20221 July 20234,776*1 July 2023*Awards which are subject to retention requirement whereby 25% of shares awarded (on a net of tax basis) are required to be held by the director after the vesting date until the earlier of (i) the tenth anniversary of the relevant vesting date and (ii) the date on which the restrictive covenants in his employment contract expire.In all cases, the awards are over Ordinary Shares in the Company of 26 1/4p each and no payment was required for the grant of the awards. The awards will benefit from the accrual of dividend equivalents in line with ICG’s standard policy in order to ensure alignment with shareholders.Details of the full notifications received by the Company are set out below. 1Details of the person discharging managerial responsibilities / person closely associateda)NameVijay V. Bharadia2Reason for Notificationa)Position/statusExecutive Directorb)Initial notification/AmendmentInitial Notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameIntermediate Capital Group plcb)LEI549300OGASR5WRKJ8R684Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentOrdinary shares of 26 ¼ pence each in Intermediate Capital Gr...