Business
2021 Long Term Incentive Plan ('LTIP') Awards
2021 Long Term Incentive Plan ('LTIP') Awards.
About this update from C&c Group Plc
[{"type":"text","content":"\n \n \n C&C Group plc\n \n \n ('C&C')\n \n \n \n \n \n 2021 Long Term Incentive Plan ('LTIP') Awards\n \n \n \n \n \n \n \n \n On 15 June 2021, LTIP awards were granted to the Company's Executive Directors. The performance conditions for those awards were announced on 28 July 2021, and reported in the Company's Directors' Remuneration Report for the period ended 28 February 2022.\n \n \n \n \n \n Following a review of the targets for the EPS element of the performance conditions, the Remuneration Committee has noted that the EPS target for maximum vesting had not been adjusted for the impact of the rights issue undertaken by the Company in 2021. Accordingly, the EPS target for maximum vesting\n has been subsequently adjusted for the rights issue consistent with\n International accounting standards (IAS 33) as set out below. The Free Cash Flow and Environmental targets have not been adjusted. No other changes have been made to the awards.\n \n \n \n \n \n \n \n \n \n M\n easure\n \n \n \n \n W\n eighting\n \n \n \n \n T\n argets as originally set\n \n \n \n \n A\n djusted targets\n \n \n \n \n \n \n Earnings per share\n \n \n \n \n 45%\n \n \n \n \n Threshold (25% vesting) - 22 cents\n \n \n \n \n \n Maximum - 27 cents\n \n \n \n \n \n By the end of year 3 target range (end of FY24) rather than as a cumulative target. \n \n \n \n \n Threshold (25% vesting) - 22 cents\n \n \n \n \n \n Maximum - 24.5 cents\n \n \n \n \n \n By the end of year 3 target range (end of FY24) rather than as a cumulative target. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Contacts\n \n \n \n \n C&C Group plc\n \n \n \nPatrick McMahon, Chief Financial Officer\nEwan Robertson, Finance and Investor Relations Director\nEmail: \n \n \n [email protected]\n \n \n \n \n \n \n FTI Consulting\n \n \n \nJonathan Neilan / Paddy Berkery\nTel: +353 86 231 4135 / +353 86 602 5988\nEmail: \n \n \n [email protected]\n \n \n \n \n \n Novella Communications\n \n \n \nTim Robertson\nTel: +44 203 151 7008\nEmail: \n \n \n [email protected]\n \n \n \n \n \n \n \n ","length":6417,"tagName":"div"}]