RNS Number : 7117C
Intelligent Energy Holdings PLC
30 June 2016
30 June 2016
Intelligent Energy Holdings plc
Director shareholdings
Intelligent Energy Holdings plc (the "Company"), the energy technology
company, announces that tranche 2 of the 2013 Management Incentive Plan ("2013 MIP") was delivered on 29
June 2016 (the "Tranche 2 Delivery").
As noted in the market announcement made on 16 June 2016, tranche 2 of the 2013 MIP vested on the
first anniversary of the IPO (9 July 2015). Ordinary shares in the capital of the Company had not previously been delivered to
the MIP participants in relation to tranche 2 despite the vesting date having passed, due to regulatory restrictions that were
unconnected to the 2013 MIP, but which had the effect of delaying the delivery of those ordinary shares. These restrictions
are now no longer in place and nil cost option awards have now been made pursuant to the Company's contractual commitments under
the scheme.
As a result of this Tranche 2 Delivery, John Maguire has acquired 180,135 ordinary shares of 5
pence each ("Ordinary Shares"). No Ordinary Shares were sold to cover the tax liability as John
Maguire elected to make a cash payment to the Company in respect of the tax due. Following the Tranche 2 Delivery, John Maguire
has increased his holding to 201,709 Ordinary Shares representing 0.1 per cent of the issued share capital of the
Company.
The total number of new Ordinary Shares issued by the Company in relation to the Tranche 2
Delivery was 2,180,292. As a result of this, the Company now has a total of 204,568,243
Ordinary Shares in issue.
Further details in relation to the 2013 MIP can be found in the Company's Prospectus that was
published in July 2014, as well as in the Directors' Remuneration Report sections of both the 2014 and 2015 Annual Reports
(copies of which can be downloaded from the investor section of the Company's website, at www.intelligent-energy.com).
Enquiries:
Intelligent Energy Holdings plc
Martin Bloom - Chief Executive Officer
John Maguire - Chief Financial Officer
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+44 (0)1509 271271
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Tulchan Communications
James Macey White
Matt Low
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+44 (0)207 353 4200
intelligentenergy@tulchangroup.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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