Last checked at 8 Jun 2017 16:43
8 June 2017
Victoria PLC
('Victoria' or the 'Company')
Management Incentive Plan Award
Further to the Company's announcement on 3 May 2016, Michael Scott, Chief Financial Officer has been awarded 5,350 C ordinary shares (the "C Shares"), in connection with the long term management incentive plan that the Company established in 2016 (the "Plan").
The C shares are in an intermediate holding company and between 1 July 2019 and 30 June 2020 Mr Scott will be able to exchange the C Shares into ordinary shares in Victoria PLC ("Ordinary Shares") of equivalent value. The monetary value of the award represents approximately 0.61% of the growth in value of the Ordinary Shares above a share price of £6.75. The Plan is subject to good leaver and bad leaver provisions and is closely aligned with the interests of the Company's shareholders.
For more information contact:
Victoria PLC +44 (0) 1562 749 300
Geoff Wilding, Chairman
Michael Scott, Group Finance Director
Cantor Fitzgerald Europe +44 (0) 20 7894 7000
(Nominated Adviser & Broker)
Rick Thompson, Phil Davies, Michael Reynolds (Corporate Finance)
Mark Westcott, Caspar Shand-Kydd (Sales)
finnCap +44 (0) 20 7220 0500
(Joint Broker)
Matt Goode, Carl Holmes (Corporate Finance)
Tim Redfern (Corporate Broking)
Buchanan Communications +44 (0) 20 7466 5000
Charles Ryland, Victoria Hayns