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Notification of transactions of directors and other persons discharging managerial responsibility ("PDMRs")

Posted:
3/8/2016

RNS Number : 1692G
Released 14:52 03-Aug-2016
IG Group Holdings plc
3 August 2016

IG Group Holdings Plc (the “Company”), a global leader in online trading, gives notice of the following transactions carried out in respect of the Company’s ordinary shares of 0.005p each (the “Ordinary Shares”) by Executive Directors and other PDMRs (together “PDMRs”) details of which are set out in the Notification of Transactions by PDMRs attached to this announcement as required by the EU Market Abuse Regulation.

1. Sustained Performance Plan (“SPP”): Award of  par cost options on 2 August 2016

 The share price used to determine the number of options awarded is £8.6865, which is based on the average of the closing prices of the previous 10 days as is required by the rules of the SPP.

PDMR

Number of Shares

Peter Hetherington

237,348

John Austin

34,350

Kieran McKinney

29,666

Bridget Messer

58,553

Jonathan Noble

67,661

2. Sustained Performance Plan (“SPP”): Exercise of par cost options and Sale of Shares

On 2 August 2016, the Company received exercise notices from PDMRs exercising, at nominal value, the options which have vested under the SPP. The Company also received notice of share sales from the PDMRs as set out in the table below:

PDMR

SPP Grant

Number of Shares Exercised

 Number of Shares Sold

Price per share sold

 

Peter Hetherington

SPP 2014
SPP 2015
SPP 2016
Total

19,981
20,423
79,116
119,520

            109,520

£8.795

John Austin

SPP 2014
SPP 2015
Total

5,924
6,148
12,072

 

             12,072

 

£8.795

Bridget Messer

SPP 2014
SPP 2015
Total

8,277
8,646
16,923

 

             16,923

 

£8.795

Jonathan Noble

SPP 2014
SPP 2015
Total

12,101
12,249
24,350

 

               24,350

 

£8.795

3. Purchase of Shares under the Company’s Share Incentive Plan (“SIP”)

The Company operates a HMRC approved SIP, which is open to all UK based employees.   If employees participating in the SIP retain their purchased shares and remain employed on the 3rd anniversary of the purchase, additional matching shares  will vest on a two-for one basis.
The Company was today advised by the Trustees of the SIP that on 2 August 2016, the following transactions were made under the SIP:

Director/PDMR

Partnership Shares

Purchase Price per share

Peter Hetherington

204

£8.795

John Austin

204

£8.795

Michelle Eardley

204

£8.795

Kieran McKinney

204

£8.795

Jonathan Noble

204

£8.795

For further information, please contact:
IG Group
Kieran McKinney
Head of Investor Relations          020 7573 0026
FTI
Neil Doyle / Ed Berry      020 3727 1141 / 1046

IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries.

Established in 1974 as the world's first financial spread betting firm, IG's aim is to become the default choice for active traders globally. It is an award-winning multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex, and it now offers an execution-only stockbroking service in the UK, Australia,  Ireland, Germany, Austria and the Netherlands.

It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, the Middle East and the US, where it offers limited risk derivatives contracts via the Nadex brand.

*Based on revenue excluding FX, from published financial statements, September 2015.

 

IG Group Holdings Plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 Peter Hetherington

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IG Group Holdings Plc

b)

LEI

2138003A5Q1M7ANOUD76

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Award  of par cost options under the 2016 IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

 

0.00

237,348

d)

Aggregated information

Aggregated volume

Price

 

237,348

 

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Exercise of par cost options under the IG Group 2014, 2015 and 2016 Sustained Performance Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

2014: 0.005pence per share
2015: 0.005pence per share
2016: 0.005pence per share

19,981
20,423
79,116

d)

Aggregated information

Aggregated volume

Price

 

119,520

£5.98

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Sale of shares following exercise of options under the IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£8.795 per share

109,520

 

d)

Aggregated information

Aggregated volume

Price

 

109,520

£963,228.4

e)

Date of the transaction

2 August 2016

f)

Place of transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Purchase of Partnership Shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

204

d)

Aggregated information

Aggregated volume

Price

 

204

£1,794.18

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

 

Ordinary Shares of 0.005 pence

GB00B06QFB75

b)

Nature of the transaction

Award of Matching Shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00

408

 

d)

Aggregated information

Aggregated volume

Price

 

408

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 John Austin

2

Reason for the notification

a)

Position/status

Chief Analytics Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IG Group Holdings Plc

b)

LEI

2138003A5Q1M7ANOUD76

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Award  of par cost options under the 2016 IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

34,350

d)

Aggregated information

Aggregated volume

Price

 

34,350

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Exercise of par cost options under the IG Group 2014 and 2015 Sustained Performance Plan.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

2014: 0.005pence per share
2015: 0.005 pence per share

5,924
6,148

d)

Aggregated information

Aggregated volume

Price

 

12,072

0.60

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Sale of shares following exercise of options under the IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

12,072

 

d)

Aggregated information

Aggregated volume

Price

 

12,072

 

£106,173.24

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Purchase of Partnership Shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£8.795 per share

204

d)

Aggregated information

Aggregated volume

Price

 

204

£1794.18

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Award of Matching Shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

0.00

408

d)

Aggregated information

Aggregated volume

Price

 

408

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michelle Eardley

2

Reason for the notification

a)

Position/status

Head of HR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IG Group Holdings Plc

b)

LEI

2138003A5Q1M7ANOUD76

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

 

Purchase of Partnership Shares under  the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

204

d)

Aggregated information

Aggregated volume

Price

 

204

£1794.18

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Award of Matching Shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

408

d)

Aggregated information

Aggregated volume

Price

 

408

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kieran McKinney

2

Reason for the notification

a)

Position/status

Director of Investor Relations and Corporate Affairs

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IG Group Holdings Plc

b)

LEI

2138003A5Q1M7ANOUD76

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Award  of par cost options under the  2016 IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

29,666

d)

Aggregated information

Aggregated volume

Price

 

29,666

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Purchase of Partnership shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

204

d)

Aggregated information

Aggregated volume

Price

 

204

£1794.18

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Award of Matching  shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

408

d)

Aggregated information

Aggregated volume

Price

 

408

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bridget Messer

2

Reason for the notification

a)

Position/status

Chief Commercial Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IG Group Holdings Plc

b)

LEI

2138003A5Q1M7ANOUD76

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

 

Award  of par cost options under the 2016 IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

58,553

d)

Aggregated information

Aggregated volume

Price

 

58,553

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

 

Ordinary Shares of 0.005pence

GB00B06QFB75

b)

Nature of the transaction

Exercise of par cost options under the IG Group 2014 and 2015 Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

2014: 0.005pence per share
2015: 0.005 pence per share

8,277
8,646

d)

Aggregated information

Aggregated volume

Price

 

16,923

0.85

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

 

Ordinary Shares of 0.005pence

GB00B06QFB75

b)

Nature of the transaction

Sale of Shares following exercise of options under the IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

16,923

 

d)

Aggregated information N/A

Aggregated volume

Price

 

16,923

£148,837.78

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Noble

2

Reason for the notification

a)

Position/status

Chief Information Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IG Group Holdings Plc

b)

LEI

2138003A5Q1M7ANOUD76

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Award  of par cost options under the 2016 IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

67,661

d)

Aggregated information

Aggregated volume

Price

 

67,661

0.00

 

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Exercise of par cost options under the IG Group 2014 and 2015 Sustained Performance Plan.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

2014: 0.005pence per share
2015: 0.005 pence per share

12,101
12,249

d)

Aggregated information

Aggregated volume

Price

 

24,350

£1.22

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

 

Sale of Shares following exercise of options under the IG Group Sustained Performance Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

24,350

d)

Aggregated information

Aggregated volume

Price

 

24,350

£214,158.25

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005pence

 

GB00B06QFB75

b)

Nature of the transaction

Purchase of Partnership shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£8.795 per share

204

d)

Aggregated information

Aggregated volume

Price

 

204

£1794.18

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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

Identification code

Ordinary Shares of 0.005 pence

 

GB00B06QFB75

b)

Nature of the transaction

Award of Matching  shares under the IG Group Share Incentive Plan

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

0.00

408

d)

Aggregated information

Aggregated volume

Price

 

408

0.00

e)

Date of the transaction

2 August 2016

f)

Place of the transaction

Outside a trading venue