Arrow Global Group PLC Director/PDMR Shareholding (9585G)
30 Novembre 2020 - 05:30PM
UK Regulatory
TIDMARW
RNS Number : 9585G
Arrow Global Group PLC
30 November 2020
30 November 2020
Arrow Global Group PLC (the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
Long-Term Incentive Plan (the "LTIP")
On 25 June 2020, Arrow Global Group PLC granted nil-cost options
over its ordinary shares under the Arrow Global Group LTIP to
directors and persons discharging managerial responsibility.
The Company's Remuneration Committee determined that, given the
external environment, the underlying targets for the awards should
not be set at that time, and the Company would seek to publish the
proposed targets for the awards on the Company's website no later
than the end of November 2020.
The Remuneration Committee has now determined the performance
measures for the nil-cost options, and they are:
1. Return on Equity (ROE) in the final year of the plan (2022),
with threshold vesting being achieved at 20% and maximum vesting at
30%.
2. Relative Total Shareholder Return (TSR), measured for a
period of three years from the date of grant (25 June 2020 to 24
June 2023) against the FTSE 350 benchmark group, where threshold
vesting is achieved by being at median and maximum vesting is
achieved by being at or above the upper quartile level.
3. Underlying Free Cash Flow (FCF), being cash from operations
after interest and taxes, but before exceptional business disposals
and excluding adjusted items and subject to such other adjustments
as the Remuneration Committee determines. Assessed against a
three-year cumulative target with threshold vesting being achieved
at GBP500m and maximum vesting at GBP600m.
Each of the measures is equally weighted and accounts for one
third of the grants made, with straight line vesting in between
threshold and maximum levels of performance.
Under the terms of the LTIP award, the Remuneration Committee
has full discretion to ensure that the final outturn of the LTIP
reflects all relevant factors, including consideration of any
potential for windfall gains.
ENQUIRIES
Arrow Global
+44 (0) 7925
Duncan Browne, Head of Investor Relations 643 385
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBDBDBIUXDGGG
(END) Dow Jones Newswires
November 30, 2020 11:30 ET (16:30 GMT)
Grafico Azioni Arrow Global (LSE:ARW)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Arrow Global (LSE:ARW)
Storico
Da Mar 2023 a Mar 2024