RE: Sp creeping up agaon - £1.22/£1.25.12 Oct 2021 14:59
Took time ti find the detail, thanks for the headsup Thompi.
Award #1 – 20 December 2018
The Remuneration Committee approved a grant of nil-cost options to Executive Directors on 20 December 2018 over a maximum of 6,000,000 ordinary shares
of £0.10. The LTIP Options have performance conditions as set out below, a performance period of three years and an additional holding period of two years.
The performance conditions for the LTIP Options relate to the compound annual growth rate (CAGR) of the share price over the three-year performance period.
The mid-market share price on 20 December 2018 was £0.385 per Ordinary share. As different levels of performance are achieved the number of shares that vest
increases up to a maximum, as set out below:
Multiple of Andrew Ian
share price Proportion Newland Griffiths Total
Share price CAGR (at 3 years) vesting Number Number Number
< 40% < 2.7 0% 0 0 0
> 40% > 2.7 20% 720,000 480,000 1,200,000
> 55% > 3.7 50% 1,800,000 1,200,000 3,000,000
> 75% > 5.4 100% 3,600,000 2,400,000 6,000,000
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