Am I reading this right?6 Mar 2018 12:11
From the RNS it states that:
Based upon the grant at 5 March 2018, the maximum potential number of common shares that can vest to the Executive Directors and other selected employees under the LTIP was in aggregate 7,214,506.
The maximum number of shares that the 2 Executive Directors can receive (based on achieving the maximum SP increase) is:
For the avoidance of doubt, the maximum number of shares which can vest for the CEO and CFO is 1,464,674 and 1,123,596 respectively.
So am I reading that there are a maximum total number of shares that can be granted to Executive Directors and certain other key employees of the Company is 7,214,506 with a maximum of 2,588,270 going to the 2 EDs, which means a maximum of 4,626,236 are up for grabs for 'certain other key employees'.
if this is the case then more than just the 2 EDs stand to benefit from the LTIP it's just that who and how many the 'certain other key employees' is, isn't known to us
Any thoughts or contradictions gladly received as I'm still trying to work out what it all means ie good/bad/indifferent etc