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 Clicca qui per i Grafici di Arrow Global
Grafico Azioni Arrow Global (LSE:ARW)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Arrow Global