Last checked at 10 Apr 2013 07:00
For immediate release | 10 April 2013 |
Gooch & Housego PLC
(The "Company")
New Long Term Incentive Plan and grant of Awards
The Remuneration Committee of the Board of Gooch & Housego PLC recently carried out a review of share-based incentive schemes in order to ensure that appropriate incentives are in place for the key employees of the Company. After consulting the Company's major shareholders, the Board has now adopted the Gooch & Housego PLC Long Term Incentive Plan 2013 on 9 April 2013. Under the plan, awards will be made annually to key employees based on a percentage of salary. Subject to the satisfaction of the required TSR performance criteria and EPS financial performance underpin, these grants will vest upon publication of the results of the Company for the year ending 30th September 2015.
On 9 April 2013 awards were made under the new plan to a number of key employees, including the following directors of the Company.
Name | Number of awards |
Gareth Jones | 56,876 |
Terry Scribbins | 36,985 |
Andrew Boteler | 35,076 |
For further information contact: - |
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Gareth Jones / Andrew Boteler | Gooch & Housego PLC | 01460 256440 |
Tim Thompson / Gabriella Clinkard | Buchanan | 020 7466 5000 |
Patrick Robb / James Grace | Investec Bank plc | 020 7597 5970 |