Grant of LTIP Award
IG Design Group Plc announced on June 16, 2026, that Gerald Kuehr, Chief Executive Officer Designate, was granted a nil cost option award for 2,492,848 ordinary shares under the 2022 Long Term Incentive Plan. This award vests over three years, contingent on continued service and performance conditions tied to the end share price, with full vesting at 300 pence per share. A post-vesting holding period extends until the fourth anniversary of the grant.
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IG Design Group plc (AIM: IGR) announces that on 16th June 2026, Gerald Kuehr, Chief Executive Officer [Designate] of the Company, was granted a nil cost option award under the IG Design Group 2022 Long Term Incentive Plan (the "LTIP") over 2,492,848 ordinary shares of 5 pence each in the Company ("Ordinary Shares").
In order to be eligible to receive this award Mr Kuehr has designated his recently acquired personal holding of 1,246,424 Ordinary Shares as related 'investment shares'.
The award has an associated normal vesting date of the third anniversary. The award will ordinarily vest subject to Mr Kuehr's continued service through to the award's normal vesting and to the extent to which award's performance conditions are met.
The stretching performance conditions attached to the award relate to 'end share price' as at the end of a three year performance period commencing on the date of the grant of the award. The following sliding scale target and associated vesting percentage apply:
| End share price | Percentage of award capable of vesting |
|---|---|
| Less than 90 pence | Nil |
| 90 pence | 25% |
| Between 90 pence and 300 pence | Between 25% and 100% on a straight-line basis |
| 300 pence or greater | 100% |
End share price for such purposes means the average of the closing prices of Ordinary Shares for the dealing days falling within the last three months of the performance period subject to such adjustment (if any) the Remuneration Committee of the Board considers warranted to have regard to the value of dividends declared in respect of Ordinary Shares with record dates arising during the performance period.
A post vesting holding period will ordinarily apply in relation to the award through until the fourth anniversary of the grant of the award, following the expiry of which, the award will then become exercisable to its vested extent.
The Remuneration Committee retains a general discretion to reduce the award by reference to the number (if any) of Mr Kuehr's investment shares that are not retained through the award's three year time vesting period. The general expectation is for Mr Kuehr to maintain the holding of investment throughout such period.
Notification of transactions by Persons Discharging Managerial Responsibilities:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Gerald Kuehr |
| 2 | Reason for Notification | |
| a) | Position/status | Chief Executive Officer [Designate] |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | IG Design Group plc |
| b) | LEI | 213800J8I5XDZ3JU8496 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 5 pence in IG Design Group Plc GB0004526900 |
| b) | Nature of the transaction | Grant of a nil cost option award under the IG Design Group 2022 Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 2,492,848 |
| d) | Aggregated information - Aggregated volume - Price | N/A Nil |
| e) | Date of the transaction | 16 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.