Business
Director Interests and LTIP Awards
Director Interests and LTIP Awards.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n\nAIM: AXS\nEuronext Amsterdam: AXS\n \n28 July 2023\n \nAccsys Technologies PLC\n(\"Accsys\", the \"Group\" or the \"Company\")\n \nDirector Interests and Long Term Incentive Plan (LTIP) Awards \n \n \nAccsys, the fast-growing and eco-friendly company that combines technology and ingenuity to enhance the properties of wood to create products that are extremely durable and stable, presenting new opportunities for the built environment, today announces that the Remuneration Committee has granted long term incentive awards to various senior employees, including the Chief Executive Officer, Jelena Arsic van Os, and Chief Financial Officer, Steven Salo. The awards have been granted in accordance with the terms of new LTIP plan rules which the Company will be putting to its shareholders for approval at the next AGM, due to be held on 20 September 2023 (the \"LTIP Plan Rules\").\nThe awards are nil priced options over a total of 1,306,659 new ordinary shares of €0.05 each in the Company. Of this total, an award over 499,488 shares has been granted to Jelena Arsic van Os, and an award over 271,516 shares to Steven Salo.\nThe awards will vest three years after grant, subject to the terms of the LTIP Plan Rules, including continued employment of the beneficiaries by the Company and satisfaction of performance targets. Information in relation to the performance conditions is contained in the Directors' Remuneration Report for the year ended 31 March 2023. A two-year holding period applies to the awards granted to Jelena Arsic van Os and Steven Salo following the end of the vesting period.\nIn addition, Jelena Arsic van Os has been granted an award in accordance with the LTIP Plan Rules in respect of a vested award granted by her former employer which she forfeited in connection with joining the Company (the \"Buy-Out Award\"). The Buy-Out Award is a nil priced option over 131,557 new ordinary shares of €0.05 each in the Company. Further information in relation to the Buy-Out Award is contained in the Directors' Remuneration Report for the year ended 31 March 2023.\nThe Directors' Remuneration Report for the year ended 31 March 2023 can be found on page 93 of the Annual Report and Financial Statements covering the same period (see www.accsysplc.com/investors/reports-results/).\n\n\n \n\n\n\n\n1\n...