Vectura Group plc Director/PDMR Shareholding (7184O)
02 Giugno 2020 - 3:54PM
UK Regulatory
TIDMVEC
RNS Number : 7184O
Vectura Group plc
02 June 2020
Vectura Group plc: 2020 LTIP awards
In this year's annual report, we stated that the 2020 LTIP
awards had not been finalised at the point of publication. These
have now been finalised and the principal terms are set out below.
In determining the level of awards to be granted in 2020, the
Committee considered carefully the share price performance of the
Company over the prior 12 months, which has increased by more than
25% since the last awards were granted. The Committee has
determined that awards over the normal maximum percentage of salary
should be granted to the two Executive Directors.
The Committee also considered the level of the cumulative EBITDA
targets for the 2020 in light of the changes made to threshold
vesting levels in the recently approved Directors' Remuneration
Policy, and market expectations of Vectura performance over the
2020-22 period.
The targets for the 2020 awards will be set as follows:
Proportion Measure Threshold(1) Maximum(1)
of total award
12.5% 50%
50% Relative TSR Median Upper Quartile
against FTSE
250 companies
(excluding
real estate
and financial
services)
--------------- ------------- ---------------
Proportion Measure Threshold(1) Intermediate Maximum(1)
of total award 12.5% goal 40%(1)
50%
50% Cumulative GBP115m GBP126m GBP160m
adjusted growth
in adjusted
EBITDA
----------------- ------------- ------------- -----------
(1) Linear vesting between each point
The 2020 target levels are considered to be more stretching than
the equivalent targets set for 2019, as these reflect the shift in
the expected revenue and EBITDA profile in the periods 2019-2021
and 2020-2022 in line with consensus. The maximum target has been
made considerably more demanding and as a result, the Committee has
introduced a new challenging intermediate performance goal, above
which payout would represent exceptional performance.
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.
END
DSHSSDFDEESSEIM
(END) Dow Jones Newswires
June 02, 2020 09:54 ET (13:54 GMT)
Grafico Azioni Vectura (LSE:VEC)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Vectura (LSE:VEC)
Storico
Da Apr 2023 a Apr 2024
Notizie in Tempo Reale relative a Vectura Group Plc (Borsa di Londra): 0 articoli recenti
Più Vectura Group Plc Articoli Notizie