Business
New Long Term Incentive Plan and grant of Awards
New Long Term Incentive Plan and grant of Awards.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n \nRNS Number : 9587B Gooch & Housego PLC 10 April 2013 \n \n\n \n\n\n\n\nFor immediate release \n\n\n10 April 2013\n\n\n\n\n \n \nGooch & Housego PLC\n(The \"Company\")\n \nNew Long Term Incentive Plan and grant of Awards\n \nThe Remuneration Committee of the Board of Gooch & Housego PLC recently carried out a review of share-based incentive schemes in order to ensure that appropriate incentives are in place for the key employees of the Company. After consulting the Company's major shareholders, the Board has now adopted the Gooch & Housego PLC Long Term Incentive Plan 2013 on 9 April 2013. Under the plan, awards will be made annually to key employees based on a percentage of salary. Subject to the satisfaction of the required TSR performance criteria and EPS financial performance underpin, these grants will vest upon publication of the results of the Company for the year ending 30th September 2015. \n \nOn 9 April 2013 awards were made under the new plan to a number of key employees, including the following directors of the Company.\n \n\n\n\n\nName\n\n\nNumber of awards\n\n\n\n\nGareth Jones\n\n\n56,876\n\n\n\n\nTerry Scribbins\n\n\n36,985\n\n\n\n\nAndrew Boteler\n\n\n35,076\n\n\n\n\n \n \n\n\n\n\nFor further information contact: -\n\n\n \n\n\n \n\n\n\n\nGareth Jones / Andrew Boteler \n\n\nGooch & Housego PLC\n\n\n01460 256440\n\n\n\n\nTim Thompson / Gabriella Clinkard\n\n\nBuchanan \n\n\n020 7466 5000\n\n\n\n\nPatrick Robb / James Grace \n\n\nInvestec Bank plc\n\n\n020 7597 5970\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCMMGGDVLNGFZM\n ","length":4846,"tagName":"div"}]