Business
Establishment of Long-Term Value Creation Plan
Establishment of Long-Term Value Creation Plan.
About this update from Pulsar Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8280N\n Access Intelligence PLC\n 04 October 2021\n \n \n \n \n Access Intelligence PLC\n \n \n \n \n \n (\"Access Intelligence\" or the \"Company\")\n \n \n \n \n \n Establishment of Long-Term Value Creation Plan\n \n \n \n \n \n \n \n \n \n Access Intelligence Plc, (AIM: ACC) the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, is pleased to announce that further to disclosures in the Company's Admission Document dated 15 June 2021 and following completion of the acquisition of Isentia, it has finalised the establishment of a Long-Term Value Creation Plan (\"LTVCP\"). \n \n \n \n \n \n The LTVCP is intended to assist with the retention and motivation of key employees of the Company with the aim of incentivising and rewarding exceptional levels of performance over a four year period. The LTVCP will provide the potential for rewards only if shareholders benefit from sustained growth in shareholder value over a four-year period. Full details of the LTVCP are set out in the Admission Document. \n \n \n \n \n \n The details of the awards for the initial LTVCP participants are set out below:\n \n \n · \n Under the LTVCP, the Board has granted certain eligible employees a right (\"Participation Right\") to receive a proportion of the shareholder value created above a hurdle (\"Hurdle Rate\"). The Hurdle Rate has been set at a 12.5 per cent. compound annual growth rate.\n \n \n ·\n For the purposes of the LTVCP, shareholder value created is defined as the growth in the Company's market capitalisation including net equity cashflows to shareholders and adjusting for any share issues during the Performance Period (as defined below).\n \n \n ·\n Awards under the LTVCP comprise three equal tranches, with measurement dates on the second, third and fourth anniversaries of the performance start date (each a \"Performance Period\"). \n \n \n · \n The shareholder value created at each measurement date will be calculated with reference to the average market capitalisation of the Company over the three months immediately preceding and ending on each anniversary.\n \n \n ·\n Where value is created above the Hurdle Rate, initial LTVCP participants will share 10 per cent. of the...