Business
LTIP Performance Measures and Targets
LTIP Performance Measures and Targets.
About this update from Imperial Brands Plc
[{"type":"text","content":"\n\nIMPERIAL BRANDS PLC\nLegal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42\nLong-Term Incentive Plan Performance measures and targets\nFurther to RNS # 5611X and its 2024 Annual Report and Accounts, the Company confirms that the performance measures and targets for the FY25 Long-Term Incentive Plan grant made on 17 February 2025 are as shown below. \n\n\n\n\n\n\n\nWeight\n\n\nCut-in\n\n\nTarget\n\n\nMax\n\n\n\n\nEarnings per share growth (EPS)1\n\n\n40%\n\n\n3.3%\n\n\n4.5%\n\n\n5.5%\n\n\n\n\nReturn on invested capital (ROIC)\n\n\n15%\n\n\n18.9%\n\n\n20.9%\n\n\n21.7%\n\n\n\n\nCumulative free cash flow (CFCF £m)\n\n\n15%\n\n\n5,500\n\n\n6,400\n\n\n7,100\n\n\n\n\nRelative Total shareholder return (TSR)\n\n\n20%\n\n\nMedian\n\n\nN/A\n\n\nUpper quart.\n\n\n\n\nScope 1 & 2 carbon emissions reduction\n\n\n5%\n\n\n73.0%\n\n\n75.0%\n\n\n76.0%\n\n\n\n\nEnergy consumption reduction\n\n\n5%\n\n\n5.0%\n\n\n7.0%\n\n\n8.0%\n\n\n\n\n1. EPS targets shown above exclude the benefit of the Company's share buyback programme. This methodology aligns with the Investment Association guidance. \n2. The targets shown should not be construed as guidance.\n3. Each element operates independently and is capable of vesting regardless of the Company's performance in respect of the other elements.\nThe Remuneration Committee retains the discretion under the rules of the LTIP to adjust up or down including to zero the number of shares that vest taking into account a number of factors including personal or corporate performance and circumstances that were unforeseen at the date of grant.\nChris Winters\nDeputy Company Secretary\nCopies of our announcements are available on our website: \nwww.imperialbrandsplc.com/investor-hub/stock-exchange-announcements \n \nCautionary Statement\nCertain statements in this announcement constitute or may constitute forward-looking statements. Any statement in this announcement that is not a statement of historical fact including, without limitation, those regarding the Company's future expectations, operations, financial performance, financial condition and business is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ material...