Last checked at 22 Mar 2021 08:34
22 March 2021
MJ Gleeson plc
(GLE.L)
Performance Share Plan award to Directors/PDMRs
On 24 September 2020, the Company granted share options (the "Awards") to James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer, respectively, under the Company's Long Term Incentive Plan. As outlined in the Company's 2020 Annual Report, the EPS and relative TSR performance targets attached to the Awards would be set by the Remuneration Committee within six months.
The Remuneration Committee has now determined the performance targets, and they are as follows:
| Weighting | Threshold (20%) of award vests | Maximum (100%) of award vests [i] |
EPS for the year ending 30 June 2023 | 50% | 70.0p | 82.5p |
Relative TSR[ii] over the three year period ending 30 June 2023 | 50% | Median | Upper Quartile |
[i] Straight-line vesting between threshold and maximum performance. No vesting for below threshold performance.
[ii] To be compared against a group of leading listed housebuilders
Enquiries:
Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc
|
Tel: 01142 612 900 |
LEI: 21380064K7N2W7FD6434