ICG : Vesting in Share Awards/Notification of Transactions of Directors
04 Julho 2023 - 6:00AM
ICG : Vesting in Share Awards/Notification of Transactions of
Directors
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:
2,572Total 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
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