Business
Grant of awards under Long Term Incentive Plan
Grant of awards under Long Term Incentive Plan.
About this update from Facilities By Adf Plc
[{"type":"text","content":"\n\n5 March 2024\n \nFacilities by ADF plc\n(\"ADF\", the \"Company\" or the \"Group\")\n \nPDMR Dealings\nGrant of awards under Long Term Incentive Plan\n \nFacilities by ADF plc, the leading provider of premium serviced production facilities to the UK film and high-end television (\"HETV\") industry, announces that on 4 March 2024, the Company awarded 1,001,225 options under the Facilities by ADF Long Term Incentive Plan to its Executive Directors as set out in the table below. The award is over ordinary shares of £0.01 (\"Ordinary Shares\") in the form of options to acquire Ordinary Shares at nominal value (\"LTIP Awards\").\n \n\n\n\n\nExecutive Director\n\n\nRole\n\n\nNumber of LTIP Awards\n\n\n\n\nMarsden Proctor\n\n\nChief Executive Officer\n\n\n571,429\n\n\n\n\nNeil Evans\n\n\nChief Financial Officer\n\n\n429,796\n\n\n\n\n \nThe LTIP Awards will vest not earlier than the third anniversary of grant subject to meeting the performance conditions applied to the awards measured over the three-year period ending 31 December 2026. 50% of the award is subject to an EBITDA growth performance target and 50% is subject to a total shareholder return (\"TSR\") growth target with vesting commencing at 6% CAGR rising on a straight line to full vesting at 10% CAGR. The LTIP Awards are subject to a two-year post-vesting holding period.\n \nAwards of a further 566,329 options were made to other senior employees on similar terms.\n \nFor further information, please contact:\n \n\n\n\n\nFacilities by ADF plc\nMarsden Proctor / John Richards / Neil Evans\n \n\n\nVia Alma\n\n\n\n\nCavendish Capital Markets Limited (Nomad and Broker)\nBen Jeynes / George Lawson - Corporate Finance\nMichael Johnson - Sales\n \n\n\nTel: +44 (0) 207 220 0500\n\n\n\n\nAlma Strategic Communications\nJosh Royston / Hannah Campbell\n \n\n\nTel: +44 (0)20 3405 0205\[email protected]\n\n\n\n\n \nThe information set out below is provided in accordance with the requirements of the UK Market Abuse Regulation: \n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\n(a)\n\n\nName\n\n\nMarsden Proctor\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\n(a)\n\n\nPosition/status\n\n\nChief Executive Officer\n\n\n\...