Director LTIP & DSBP Awards
Directors granted LTIP and DSBP share options on 10 June 2026.
- Nick Jefferies LTIP Awards 155,010 options
- Nick Jefferies DSBP Awards 9,789 options
- Simon Gibbins LTIP Awards 94,171 options
- Simon Gibbins DSBP Awards 5,447 options
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discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"), a leading international designer and manufacturer of customised electronics to industry, announces that, on 10 June 2026, 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") and the 2024 Deferred Share Bonus Plan ("DSBP") (together the "Awards"):
| Director / PDMR | LTIP Awards granted | DSBP Awards granted |
|---|---|---|
| Nick Jefferies | 155,010 | 9,789 |
| Simon Gibbins | 94,171 | 5,447 |
The LTIP Awards will vest on 11 June 2029, 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 LTIP Awards noted above, a further 22,144 and 18,834 options over Ordinary Shares were granted to Nick Jefferies and Simon Gibbins, respectively, in return for them bearing some or all of the Company's liability for the employers' National Insurance Contributions arising on exercise. The additional awards ensure that they are in a neutral position on an after-tax basis.
The DSBP Awards follow the deferral of 20% of each Director's bonus entitlement for the year ended 31 March 2026. Subject to the Rules of the DSBP, these Awards will also vest on 11 June 2029.
| 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 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares GB0000055888 |
| b) | Nature of the transaction | (a) Award made pursuant to the Company's 2021 Long ‐ Term Incentive Plan ("LTIP Award") (b) Award made pursuant to the Company's 2024 Deferred Share Bonus Plan ("DSBP Award") |
| c) | Price(s) and volume(s) | Price Volume LTIP Award Nil 177,154 DSBP Award Nil 9,789 |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 10 June 2026 |
| 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 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares GB0000055888 |
| b) | Nature of the transaction | (a) Award made pursuant to the Company's 2021 Long ‐ Term Incentive Plan ("LTIP Award") (b) Award made pursuant to the Company's 2024 Deferred Share Bonus Plan ("DSBP Award") |
| c) | Price(s) and volume(s) | Price Volume LTIP Award Nil 113,005 DSBP Award Nil 5,447 |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 10 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
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