Intermediate Capital Icg : Vesting In Share Awards/Notification Of Transactions Of Directors
04 Luglio 2023 - 11:00AM
UK Regulatory
TIDMICP
Intermediate Capital Group PLC ("ICG") (the "Company")
4 July 2023
Vesting of Share Awards/Notification of Transactions of
Directors
The Company wishes to announce that the following number of
ordinary shares of the Company vested on 1 July 2023 under the
terms of PLC Equity Awards made to Vijay Bharadia under the
Intermediate Capital Group Omnibus Plan:
Dates of Grant: 1 August 2019
Aggregate Number of Shares Vested: 5,472
The Director met certain liabilities for income tax and national
insurance contributions on the vesting of his Awards by agreeing to
sell the number of shares shown below in London on 3 July 2023 at a
price of 1,373.50 pence per share.
Number of Shares Sold to Cover Tax: 2,572
Total Number of Shares Received: 2,900
In accordance with the terms of the award, 725 of the shares
received are treated as retained shares and will only be released
to Mr Bharadia on 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.
As a consequence of the above transaction Vijay Bharadia and his
connected persons retain an interest in 56,032 ordinary shares in
the Company, representing less than 0.02% of the total issued share
capital (excluding treasury shares) of the Company.
Contacts:
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Fiona Laffan
Corporate Affairs, ICG
+44 (0) 20 3545 1510
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
(END) Dow Jones Newswires
July 04, 2023 05:00 ET (09:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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