H&T Group PLC Performance Share Plan ("PSP") 2022 (1130N)
30 Mai 2022 - 8:01AM
UK Regulatory
TIDMHAT
RNS Number : 1130N
H&T Group PLC
30 May 2022
30th May 2022
H&T Group plc
("H&T", the "Company" or the "Group")
(AIM: HAT)
Performance Share Plan ("PSP") 2022
H&T Group plc announces the adoption of its 2022 Performance
Share Plan ("PSP") which has been approved by the Remuneration
Committee. Further details on the scheme, which will apply to
senior management and Executive Directors of the Company, are set
out below.
In accordance with the rules of the PSP, eligible employees will
be entitled to acquire a maximum number of Ordinary Shares ('Award
Shares') on or after 31 December 2024 at nil price, subject to the
Company achieving the minimum reported performance criteria.
Summary details set out below:
2022 Grant The grants of shares are a proportion of
salary as follows:
* Executive Directors -100% of base salary
* Christopher Gillespie, CEO: 112,657
* Diane Giddy, CFO: 81,767
* Senior management - 35% to 75% of base salary
Performance period The performance period for the 2022 grant
is 1 January 2022 to
31 December 2024 (3 years).
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Vesting The scheme is planned to vest at the end
of 2024.
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Performance conditions The scheme is split equally based on targets
for total shareholder return (TSR) and growth
in basic earnings per share (EPS) measured
over the three-year performance period.
The minimum, target and maximum thresholds,
with reference to growth over 2021 or the
share price as at 31 December 2021, are:
Measure Minimum Target Maximum
TSR 65% 76% 91%
-------- ------- --------
EPS growth 117% 137% 164%
-------- ------- --------
For performance below the minimum no award
will vest, at the minimum 30% (2021: 20%)
of the award will vest, at the target 50%
of the award will vest, and at or above the
maximum 100% (2021: 100%) of the award will
vest. A sliding scale of vesting, on a straight-line
basis applies between the minimum, target
and maximum TSR and EPS targets.
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Share retention Executive Directors are subject to a two-year
period share retention period for shares awarded
under the scheme.
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Further conditions Award Shares will be released on 31 December
2024 subject to continued employment and
the satisfaction of certain specific performance
conditions. The awards are further subject
to claw back and malus provisions.
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H&T Group plc
Tel: 020 8225 2797
Chris Gillespie, Chief Executive
Shore Capital (Nominated Adviser and Broker)
Tel: 020 7408 4090
Stephane Auton/Iain Sexton (Corporate Advisory)
Guy Wiehahn/ Chloë Booker-Triolo (Corporate Broking)
Haggie Partners (Public Relations)
Tel: 020 7562 4444
Damian Beeley
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Chris Gillespie
------------------------------- -----------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- -----------------------------------
b) Initial notification/amendment Initial notification
------------------------------- -----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name H&T Group plc
------------------------------- -----------------------------------
b) LEI 2138006N2X1XSBSDSU74
------------------------------- -----------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of the H&T Group plc ordinary shares of
financial instrument, 5 pence
type of instrument
Identification code GB00B12RQD06
------------------------------- -----------------------------------
b) Nature of the transaction Award of Options under Performance
Share Plan
------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 112,657
----------
------------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
------------------------------- -----------------------------------
e) Date of the transaction N/A
------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Diane Giddy
------------------------------- -----------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -----------------------------------
b) Initial notification/amendment Initial notification
------------------------------- -----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name H&T Group plc
------------------------------- -----------------------------------
b) LEI 2138006N2X1XSBSDSU74
------------------------------- -----------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of the H&T Group plc ordinary shares of
financial instrument, 5 pence
type of instrument
Identification code GB00B12RQD06
------------------------------- -----------------------------------
b) Nature of the transaction Award of Options under Performance
Share Plan
------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 81,767
----------
------------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
------------------------------- -----------------------------------
e) Date of the transaction N/A
------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
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END
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