14 Sep 2020 07:00
14 September 2020
Curtis Banks Group plc
("Curtis Banks", the "Group")
Long-Term Incentive Plan
Curtis Banks Group Plc (AIM:CBP), one of the UK's largest independent SIPP operators, announces that it has today granted options over ordinary shares in the Company to its Chief Executive Officer, Chief Financial Officer and Chief Operating Officer under a new Long-Term Incentive Plan ('LTIP'). These initial awards recognise each of their roles in developing and implementing the Group's strategic plans and are designed to incentivise them appropriately.
The initial grant is for a total of 1,500,000 share options under the LTIP:
Name | Position | Number of share subject to awards |
Will Self | Chief Executive Officer | 500,000 |
Dan Cowland | Chief Financial Officer | 500,000 |
Jane Ridgley | Chief Operating Officer | 500,000 |
Vesting of the awards will be subject to the satisfaction a combination of the following performance criteria measured over a 3 year period: Financial, Customer, Internal Process and Innovation.
50% of the options will vest, to the extent that the performance criteria have been satisfied, once the interim results for the six months ended 30th June 2023 have been approved (the period end date being the end of the three year measurement period).
The remaining 50% of the options will vest 12 months later once the interim results for the six months ended 30th June 2024 have been approved.
The options have a 217p strike price.
For more information:
Curtis Banks Group plc | www.curtisbanks.co.uk |
Will Self - Chief Executive Officer | +44 (0) 117 9107910 |
Dan Cowland - Chief Financial Officer |
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Peel Hunt LLP (Nominated Adviser & Joint Broker) | +44 (0) 20 7418 8900 |
James Britton |
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Rishi Shah |
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Nplus1 Singer Capital Markets Limited (Joint Broker) | +44 (0) 20 7496 3000 |
Mark Taylor |
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Rachel Hayes |
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Camarco (Financial PR) | +44 (0) 20 3757 4984 |
Ed Gascoigne-Pees |
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Georgia Edmonds |
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Jake Thomas |