Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCAY.L Regulatory News (CAY)

  • There is currently no data for CAY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Employed Investment Managers Share Plan

29 Jun 2017 07:00

RNS Number : 4880J
Charles Stanley Group PLC
29 June 2017
 

29 June 2017

Charles Stanley Group PLC

 

Employed Investment Managers Share Plan

 

At the General Meeting of Charles Stanley Group PLC (the "Group") on 21 December 2016, shareholders approved the creation of the Charles Stanley Employed Investment Managers Share Plan (the "Plan"), established as part of the reorganisation of Investment Managers' remuneration arrangements, to grant Awards for up to 5% of the Group's issued share capital.

Following the publication of the Group annual results for the year ended 31 March 2017, the Group has now determined the absolute number of Awards to be made under the Plan, and the proportions to be allocated to Pool A and Pool B.

The total number of shares to be made available under the Plan will be 2,415,725, representing 4.77% of issued share capital as at 31 March 2017. The Awards will be split into two Pools:

Pool A accounts for 40%, or Awards over 966,290 ordinary shares. These have been awarded to employed Investment Managers who have entered into revised contracts. The Pool A Awards will vest when the Group publishes it audited accounts for the year ending 31 March 2020. There are no future performance conditions attaching to the Pool A Awards.

The remaining 60%, or Awards over 1,449,435 ordinary shares will be made under Pool B. Pool B Awards will only vest if the pre-tax profit margin of the employed Investment Management teams collectively is 15% or more for the financial year ending 31 March 2022. Ordinary Shares will be distributed earlier if the Margin Condition is satisfied in respect of the financial years ending 31 March 2020 or 31 March 2021. If the Margin Condition is not met, the Pool B Awards will lapse.

 

 For further information, please contact:

 

Charles Stanley

Joanne Higginson

PR Manager

Via Redleaf

Canaccord Genuity

Andrew Buchanan

020 7523 4661

Peel Hunt

Guy Wiehahn

020 7418 8893

Redleaf Communications

Charlie Geller

Robin Tozer

020 7382 4730

CScapitalmarkets@redleafpr.com

 

Notes to editors:

 

Charles Stanley traces its origins back directly to 1792 and is one of the oldest firms on the London Stock Exchange. Charles Stanley today provides holistic wealth management services to private clients, charities and smaller institutions. These are delivered by over 400 professionals located in 24 offices throughout the UK, both direct to clients and to intermediaries. Our services include investment portfolio management and financial planning, supported by in-house administration to enhance the quality of service provided. In addition, Charles Stanley Direct provides an award winning direct to customer Execution-only dealing platform for equities and funds.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUBPQUPMGQR
Date   Source Headline
24th Jan 20227:05 amRNSDe-listing and cancellation of trading of shares
21st Jan 20227:35 amRNSScheme Effective Announcement
19th Jan 20223:56 pmRNSRule 2.9 Announcement
19th Jan 202212:18 pmRNSCourt sanction of Scheme of Arrangement
19th Jan 202212:00 pmRNSForm 8.5 (EPT/RI) - Charles Stanley Group Plc
19th Jan 20228:51 amRNSForm 8.3 - Charles Stanley Group Plc
18th Jan 20225:12 pmRNSForm 8.3 - Charles Stanley Group plc _Replacement
18th Jan 20223:30 pmRNSForm 8.3 - CAY LN
17th Jan 20224:17 pmRNSTransaction Notification - SIP Dividend Purchase
17th Jan 20223:09 pmRNSForm 8.3 - CHARLES STANLEY GROUP PLC
17th Jan 202212:00 pmRNSForm 8.5 (EPT/RI) - Charles Stanley Group Plc
17th Jan 202211:35 amRNSForm 8.3 - CHARLES STANLEY GROUP PLC
17th Jan 202211:08 amRNSForm 8.3 - Charles Stanley Group PLC
14th Jan 20223:35 pmRNSTransaction Notification - SIP Purchase Jan 2022
11th Jan 202211:30 amRNSHolding(s) in Company
5th Jan 20223:30 pmRNSForm 8.3 - Charles Stanley Group plc
21st Dec 20214:08 pmRNSForm 8.3 - CAY LN
21st Dec 20213:48 pmRNSForm 8.3 - CAY LN
21st Dec 20211:35 pmRNSApproval from the Financial Conduct Authority
20th Dec 20213:30 pmRNSForm 8.3 - CAY LN
20th Dec 202111:07 amRNSForm 8.5 (EPT/RI)
17th Dec 20213:30 pmRNSForm 8.3 - CAY LN
17th Dec 202110:23 amRNSForm 8.3 - Charles Stanley Group PLC
14th Dec 20214:22 pmRNSChange to Board Role
14th Dec 20213:30 pmRNSForm 8.3 - CAY LN
14th Dec 202112:48 pmBUSForm 8.3 - CHARLES STANLEY GROUP PLC
13th Dec 202112:07 pmBUSFORM 8.3 – CHARLES STANLEY GROUP PLC
13th Dec 202111:18 amRNSForm 8.5 (EPT/NON-RI)
13th Dec 20217:00 amRNSAnnouncement on updated Scheme timetable
10th Dec 20213:05 pmRNSForm 8.3 - Charles Stanley Group PLC
10th Dec 20212:08 pmBUSForm 8.3 - CHARLES STANLEY GROUP PLC
10th Dec 20212:04 pmRNSDirector/PDMR Shareholding
10th Dec 20219:10 amRNSForm 8.5 (EPT/RI)
8th Dec 202111:21 amBUSFORM 8.3 – CHARLES STANLEY GROUP PLC
2nd Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Charles Stanley Group Plc
30th Nov 20214:28 pmRNSDirectorate and Board Committee Changes
30th Nov 20213:16 pmRNSTotal Voting Rights
29th Nov 202112:15 pmBUSFORM 8.3 – CHARLES STANLEY GROUP PLC
26th Nov 202112:00 pmRNSForm 8.5 (EPT/RI) - Charles Stanley Group Plc
25th Nov 20214:33 pmRNSAnnouncement regarding interim dividend
25th Nov 20212:38 pmRNSForm 8.3 - CAY LN - Replacement
25th Nov 20211:30 pmRNSForm 8.3 - CAY LN
25th Nov 202111:50 amRNSForm 8.3 - CHARLES STANLEY GROUP PLC
24th Nov 20216:25 pmBUSForm 8.3 CHARLES STANLEY GROUP PLC
23rd Nov 202112:02 pmBUSFORM 8.3 - CHARLES STANLEY GROUP PLC
23rd Nov 202111:24 amRNSForm 8.5 (EPT/RI)
22nd Nov 202112:11 pmBUSFORM 8.3 - CHARLES STANLEY GROUP PLC
22nd Nov 202111:43 amRNSForm 8.3 - CHARLES STANLEY GROUP PLC
22nd Nov 202111:25 amRNSForm 8.3 - Charles Stanley Group Plc
22nd Nov 20219:28 amRNSForm 8.5 (EPT/RI)

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.