REG - discoverIE Group plc - Director LTIP Award

DiscoverieAnnouncement

13/06/2024 08:30

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RNS Number : 3090S  discoverIE Group plc  13 June 2024

13 June 2024

 

discoverIE Group plc

 

Director LTIP Award

 

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"), a leading
international designer and manufacturer of customised electronics to industry,
announces that, on 12 June 2024, options were granted for nil consideration
over the following numbers of ordinary shares in the Company ("Ordinary
Shares"), under the 2021 discoverIE Group plc Long Term Incentive Plan
("LTIP") (the "Awards"):

 

 Director/PDMR   Number of Awards granted
 Nick Jefferies  128,839
 Simon Gibbins   77,108

 

The Awards will vest on 14 June 2027, subject to the achievement of
performance targets measured over a three-year period. Vested options will be
subject to an additional two-year holding period.

 

In addition to the Awards, a further 7,228 options over Ordinary Shares were
granted to Simon Gibbins in return for him bearing a proportion of the
Company's liability for the employers' National Insurance Contributions
arising on exercise. The additional award ensures he is in a neutral position
on an after-tax basis.

 

 

For further information, please contact:

 

discoverIE Group plc

Greg Davidson - Company Secretary     01483 544 500

 

 

Buchanan

Chris Lane, Toto Berger, Jack Devoy      020 7466 5000

discoverIE@buchanan.uk.com

 

 

Notes to Editors:

 

About discoverIE Group plc

 

discoverIE Group plc is an international group of businesses that design and
manufacture innovative electronic components for industrial applications.

 

The Group provides application-specific components to original equipment
manufacturers ("OEMs") internationally through its two divisions, Magnetics
& Controls, and Sensing & Connectivity. By designing components that
meet customers' unique requirements, which are then manufactured and supplied
throughout the life of their production, a high level of repeating revenue is
generated with long-term customer relationships.

 

With a focus on sustainable key markets driven by structural growth and
increasing electronic content, namely renewable energy, medical,
electrification of transportation and industrial automation &
connectivity, the Group aims to achieve organic growth that is well ahead of
GDP and to supplement that with complementary acquisitions. The Group is
committed to reducing the impact of its operations on the environment with an
SBTi aligned plan to reach net zero. With its key markets aligned with a
sustainable future, the Group has been awarded an ESG "AA" rating by MSCI and
is Regional (Europe) Top Rated by Sustainalytics.

 

The Group employs c.4,500 people across 20 countries with its principal
operating units located in Continental Europe, the UK, China, Sri Lanka, India
and North America.

 

discoverIE is listed on the Main Market of the London Stock Exchange and is a
member of the FTSE250, classified within the Electrical Components and
Equipment subsector.

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Nick Jefferies
 2   Reason for the notification
 a)  Position / status                                            Group Chief Executive
 b)  Initial notification / amendment                             Initial notification
 3   Details of issuer
 a)  Name                                                         discoverIE Group plc
 b)  LEI                                                          213800BMDLQU1VEEAN68
 4   Details 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 conducted
 a)  Description of the financial instrument, type of instrument  Options over Ordinary Shares

     Identification code                                          GB0000055888
 b)  Nature of the transaction                                    Award made pursuant to the Company's

                                                                  Long‐Term Incentive Plan
 c)  Price(s) and volume(s)

Price  Volume
                                                                  Nil    128,839
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      12 June 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

N/A

e)

Date of the transaction

12 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Simon Gibbins
 2   Reason for the notification
 a)  Position / status                                            Group Finance Director
 b)  Initial notification / amendment                             Initial notification
 3   Details of issuer
 a)  Name                                                         discoverIE Group plc
 b)  LEI                                                          213800BMDLQU1VEEAN68
 4   Details 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 conducted
 a)  Description of the financial instrument, type of instrument  Options over Ordinary Shares

     Identification code                                          GB0000055888
 b)  Nature of the transaction                                    Award made pursuant to the Company's

                                                                  Long‐Term Incentive Plan
 c)  Price(s) and volume(s)

Price  Volume
                                                                  Nil    84,336
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      12 June 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

N/A

e)

Date of the transaction

12 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

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