Business
Grant of award under 2017 share plan
Grant of award under 2017 share plan.
About this update from Headlam Group Plc
[{"type":"text","content":"\n \nRNS Number : 8164U Headlam Group PLC 27 October 2017 \n\n27 October 2017\nHeadlam Group plc \n(the \"Company\")\nGrant of award under the Company's 2017 Performance Share Plan (\"PSP\") \nOn 26 October 2017, Headlam Group plc granted an award in the form of nil-cost options over 13,413 ordinary shares of 5 pence each in the Company (\"Ordinary Shares\") to an employee under the Company's 2017 PSP.\nThe award has been granted subject to performance conditions based on: (1) compound annual growth in Earnings Per Share over a three year performance period starting with 2017 (as regards 80% of the Ordinary Shares subject to the award); and (2) the Company's Total Shareholder Return (\"TSR\") over that performance period relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) (as regards 20% of the Ordinary Shares subject to the award). The award is subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the performance period. \nThe award will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied. \nThe award will be released so that the participant is entitled to acquire the vested Ordinary Shares following the end of a holding period which shall end on the second anniversary of the vesting date.\nEnquiries:\n \n\n\n\n\nHeadlam Group plc \n\n\n\n\n\n\n\nSteve Wilson, Chief Executive \nCatherine Miles, Director of Communications \n\n\nTel: 01675 433 000\nTel: 01675 433 006 \n\n\n\n\n\n\n\n\n\n\n\n\nInvestec Bank plc (Corporate Broker) \n\n\nTel: 020 7597 5970\n\n\n\n\nGarry Levin / David Flin / Alex Wright\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan (Financial PR and IR)\n\n\nTel: 020 7466 5000\n\n\n\n\nMark Court / Sophie Wills / Catriona Flint \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNotes for Editors:\n \nHeadlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.\nHeadlam provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and custo...