Business
2019 Long-Term Incentive Plan
2019 Long-Term Incentive Plan.
About this update from Saga Plc
[{"type":"text","content":"\n \nRNS Number : 9500B SAGA PLC 12 June 2019 \n\n \nSaga plc\n2019 Long-Term Incentive Plan\n \nSaga plc (\"Saga\" or \"the Company\"), the UK's specialist in products and services for life after 50, announces the following statement from Gareth Williams, Chair of the Remuneration Committee:\n \n\"In my Chair's Statement in the 2019 Annual Report & Accounts, I set out the Committee's intention to consult with shareholders on new performance conditions for the Company's Long-Term Incentive Plan to support the implementation of the Company's new strategy. \n \nIt was our intention that the consultation would be completed in May 2019 with the final outcome published on the Company's website prior to the Annual General Meeting on 19 June 2019.\n \nThe Committee is very grateful for the engagement and feedback received from shareholders to date and has decided to extend the process to enable this dialogue between the Committee and shareholders to continue. The final outcome of this consultation will be published on the Company's website in advance of any LTIP awards being made in 2019. \n \nGiven the announcement earlier today regarding Lance Batchelor, no LTIP will be awarded to him in respect of the current financial year ended 31 January 2020. James Quin, appointed CFO on 1 January 2019, is currently the only Executive Director eligible for an LTIP award in the current year.\"\n \n \nEnquiries\n \nSaga plc\n \nVicki Haynes, Company Secretary Tel: 01303 771 199\n \nEnbrook Park\nSandgate\nFolkestone\nKent\nCT20 3SE\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSC...